I filed Chapter 7 bankruptcy in 2001, but have been paying on my mortgage. I recently checked my credit reports and one shows nothing about my mortgage and the other two are stating that the account was closed in 2006 and 2007. They say "included in bankruptcy" and show balance of $0, scheduled payment $0, payment amount $0, etc. etc. What exactly does this mean and why would they be showing the account as closed?
When in bankruptcy, the notation "included in bankruptcy" is standard. Also, showing a zero balance indicates the obligation to repay that amount. Zero usually indicates the court said the debt is extinguished. You may have renegotiated your mortgage, it may have been sold (transferred) to another lender or they may have followed the standard of showing a zero balance. You can ask your current lender to report your actual payment history. Bear in mind that lenders are not obligated to report loans to credit bureaus.
If you want to make a comment on your credit report, you are free to do so. Contact the credit reporting agency and ask them what the process is and what limitations you have as to the number of characters or anything else.
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When in bankruptcy, the notation "included in bankruptcy" is standard. Also, showing a zero balance indicates the obligation to repay that amount. Zero usually indicates the court said the debt is extinguished. You may have renegotiated your mortgage, it may have been sold (transferred) to another lender or they may have followed the standard of showing a zero balance. You can ask your current lender to report your actual payment history. Bear in mind that lenders are not obligated to report loans to credit bureaus.