Post-Bankruptcy Credit Errors

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Florida Credit Repair Attorney

Fixing Credit Report Errors After Bankruptcy

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.

How Can Boss Law Help You?