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The business keeping the lien failed to re classify it being an Installment financial obligation, it stayed home financing.

The business keeping the lien failed to re classify it being an Installment financial obligation, it stayed home financing.

(we had answered prior to, nonetheless it didn’t appear to publish it comes to reporting to the credit bureaus after BK if it does later, forgive any duplication) Why is there an illogical double standard when?

As soon as the BK is last, the mortgage is settled, beside me, the bankrupt individual owing absolutely nothing. That is, i suppose, the reason why, in the event that financial obligation just isn’t reaffirmed, it doesn’t wind up in the credit history. Therefore, if I buy out of the LEIN (maybe not the mortgage, since the financial obligation doesn’t exist any longer, thus I cannot buy it out without reaffirming it) exactly why is that reported to your credit bureau? How to settle an currently settled loan? Fling chapter 7 Bankruptcy and today trying the clean up your credit file, the illogical dual standard is in comparison to «clearing a brain industry» odds are your debt or lien had been in the credit history ahead of the bankruptcy.