Check Your Credit Report After Bankruptcy
After you move on from your bankruptcy, there is definitely a strong sense of relief. A new page in the book of your life can be turned and you’re ready to get started on the right foot. Before you do anything though, you must make sure your credit report does not reflect any of our outstanding debts that existed before your bankruptcy.
Receive copies of your credit report from all 3 major credit reporting agencies, TransUnion, Equifax and Experian and you can ordeer them free at least once a year. After you receive the reports, take the time to go over each of them and make sure that all of your old debt you had prior to filing for bankruptcy has been removed. It is very common that people will find debts that should have been discharged during bankruptcy, but may still be listed on your credit report.
If you find old debts on your credit reports, you will need to write a letter to the credit reporting agencies to get them to remove the erroenous charges. If you’ve written a letter and haven’t heard back, don’t be afraid to call and make sure that they received your information.
Bankruptcy in itself will lower your credit score (also known as your FICO score) depending on your past credit history and the severity of your bankruptcy. So it is important that you take the time to remove the incorrect charges on your credit report and you can quickly be on the way to improving your score. Follow these steps, control your spending and you could be back on your way to getting a credit score in the 600 and 700’s.
Chad Fisher
http://www.articlesbase.com/bankruptcy-articles/check-your-credit-report-after-bankruptcy-732472.html
February 25th, 2010 at 6:45 am
After a chap 7 bankruptcy how long should you wait to check your credit reports?
How long should we wait to contact any companies to tell them to please post it on our credit report that we filed on them?
We recieved our discharge papers last week, and I was wandering how long til I check my credit reports to make sure it shows.
February 25th, 2010 at 11:47 am
They should update your credit report automatically as soon as they get the notice from the court that you have included them in the bankruptcy. However, some will not for one reason or another.
To catch the ones that were not updated you should probably check your report about 45-60 days after the bankruptcy was discharged. I would not do it before your bankruptcy was actually discharged, just in case you have some problems with the bankruptcy. However, if you want you can do it before 45 days. But by the time you dispute it they may already be in the process of updating it anyways. If it is still on there after 60 days, it is a good chance they won’t update it unless you dispute it.
References :
February 25th, 2010 at 11:49 am
OC1999 is correct.
References :
Finance Manager for over 7-years.
February 25th, 2010 at 11:51 am
You should not have to call anyone. Once you file bankruptcy you are required by law to send each creditor a notice. When they get that notice they will update their report. Most companies do not update reports everyday. So wait a few weeks.
If you are just wondering what your credit report looks like after bankruptcy, I would wait 1-2 weeks after your discharge hearing
References :
I work for an attorney
February 25th, 2010 at 11:53 am
right away – send all 3 bureaus your bk scheduals (list of creditors) so they will update all the accounts included in bankruptcy with zero balance.
References :