I suspect I know the answer to my questions, but I'll ask anyway and see of someone may know of a solution. Here's the situation. I was under a Chapter 13 BK from 2010-2011, but I chose to have it dismissed last September (I realized in hindsight that it was a bad idea for me). Drivetime has contacted me (via mail) about my account now that I'm not under the BK anymore. I voluntarily turned in my car to them right before I filed for the BK, and I included them in the BK. I have been monitoring my credit since the dismissal and I've noticed that, over the last several months, Drivetime has repeatedly posted "Dismissed", "Late Account" to my TransUnion credit report, under the "Derogatory Information" section of the report.
I realize that my creditors, within the statute of limitations, can legally pursue me for what I owe now that I'm no longer under the BK. My question is, can Drivetime keep reporting the exact same entry on my credit report so that it keeps tanking my score? I would think that once they've reported it as "Dismissed", "Late Account" once, they wouldn't be able to do it again each month.
I also noticed that, under the "Account History" section of my report (the part that shows specifically how late you are), they keep reporting it as 60 days late rather than showing the aging correctly. They also don't properly reflect the period prior to September 2011 when it was under the BK. Even that reflects it as being 60 days late. Am I right in thinking that this should be correctly reflected as 180 days late, considering they have been able to start reporting again since the dismissal in September of 2011?
This is a little frustrating for me because I've been disputing some things that aren't correct in an attempt to boost my score as much as possible. Each time my score starts to go up this entry knocks it back down. I was hoping to try to buy a car by the end of the year, if I can boost my score up enough. Would it be worth my while to dispute how Drivetime is being reflected on my credit report?
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