Fixing Credit Report Errors After Bankruptcy
Experienced, Dedicated Florida 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.
Common Credit Report Errors for Bankruptcy Filers
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.
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.”
Review Your Credit Report After Filing for 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.
Boss Law Can Help Disputes Errors at No Charge
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 identify
credit errors on your credit report, we encourage you to reach out to
our team at Boss Law immediately for guidance.
We can assist with the following:
Filing a Dispute with Credit Reporting Agency. We can help you with the dispute process, at no charge to you. We can
help you draft
dispute letters and follow the formal dispute process as outlined by the FCRA.
Sue Credit Bureaus for Damages. 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. Those who suffered
job denials or credit denials due to the errors may be entitled to damages.
We take these cases on a contingency fee basis, which means we do not get
paid unless you get paid. 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.
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.