Fixing Credit Report Errors After Bankruptcy
Experienced, Dedicated St. Petersburg Credit Repair Attorney
Bankruptcy and credit reporting mix together like water and gasoline. The
credit reporting process is fully automated, while bankruptcy is a unique
legal process that either eliminates or modifies your debt. Because the
credit reporting service doesn’t make allowances for unique issues,
75% of people who have successfully completed bankruptcy experience significant
credit errors on their credit reports as a result.
How Can An Attorney Help?
Dealing with credit report errors can be more than a simple inconvenience,
they can have a significant impact on your life and finances. If you find
yourself dealing with serious credit errors after filing bankruptcy, our
firm can work with you to correct the errors that are damaging your credit
score. Since establishing our firm in 2005, we’ve been committed
to helping our clients get back on their feet, and we have ample experience
with a variety of credit repair solutions. However complex your case may
seem, we’re here to help.
What Caused My Credit Report Error?
Typically, we see cases where either the creditor or the credit bureau
fail to change the automated reporting to reflect the changes brought
about by the consumer’s bankruptcy. This automated error can continue
for up to 10 years after the bankruptcy- damaging your credit all the
while. Our firm can take a close look at your credit report and identify
the outstanding errors and take the necessary action to correct the damaging mistakes.
Your Credit Report After Bankruptcy
One of the first things you should do after filing bankruptcy is to pull
your free credit reports from a trusted site, like
annualcreditreport.com. You can elect to have the credit reports mailed to you or you can download
your report as a pdf. After you receive the credit reports, you should
review them to verify that every debt discharged in bankruptcy is noted
as “Discharged in Bankruptcy” and has a “Balance Due”
of $0.00. You should also verify that late payments and charge offs have
ceased reporting as well. If you notice any errors, contact our St. Petersburg
credit report error attorneys as soon as possible for reliable legal counsel.
Other common credit report mistakes include:
- The spouse of the bankruptcy filer receives a bankruptcy mark on their
credit report, even if they did not file.
- Accounts are reported as “Charged-Off” after discharge.
- There are repeated “hard-pull” credit inquiries after discharge.
- Good, “reaffirmed” accounts do not report positive payments.
- Formerly secured creditors – cars, etc. do not report the repossessed debt.
It is also important to note that, if you voluntarily surrendered your
car to the lender, when your bankruptcy is done and discharged, you do
NOT owe all the remaining “unsecured debt.”
Taking the Next Step with Our Firm
If you identify credit errors on your credit report, we encourage you to
reach out to our team at Boss Law immediately. We can help you with the
dispute process, at no charge to you. If that course of action fails,
the next step is very simple; if the credit bureaus do not fix the errors
– we may sue them to delete the errors and recover monetary damages
owed to you.
We take these cases on a contingency fee basis, which means we do not get
paid unless you get paid.
Contact Boss Law today to get the fresh start you deserve! Our credit report error attorneys
at Boss Law in St. Petersburg are here to help.