After Bankruptcy, Now What? Effective Ways To Clean Up Your Post Bankruptcy Credit

The challenges after getting a discharge from bankruptcy is the clearance of the credit report which finally decides the customers financial freedom

. The bureaus have many agencies which give them different information regarding the customer. The next is the fact that the creditors report to the bureaus directly. Such information is put across on a sheet and published as a credit report and sent across to the customer when asked for.

The customers first job is to find out if the report which has been sent across to him is correct or not. He needs to ensure the fact that each information is correct which will ensure the fact that the customer gets the correct credit sheet from the bureau.

Once when you have identified the problem you need to find out those points which are incorrect and needs to be disputed with the bureau. The customer needs to make three copies of his social security number, his driving license and his Schedule F from the bankruptcy papers. The customer must send it across to all major bureaus and ask all the three major agencies to send across the report which needs to be compared and the negative points of each report needs to be marked.

The customer needs to mark out clearly who was his original creditor and what was owed to him. If the debt has been sold across to another vendor and the name is figuring on the credit sheet the customer in his dispute letter will mention the fact that he had nothing to do with this vendor.

Now once that you have decided what needs to be disputed the next thing to be done is the fact that the customer must send the dispute letter to the bureaus by registered post. The customer must wait for 30 days as according to the law the customer needs to be responded from the bureau.

Keep a count down on your calendar and wait for the 30 days to go over and follow up with all the creditors and get all the negative points removed from the credit sheet.

Credit report repair is a process that requires a plan. Making sure you achieve your goals within your time frame will result in a higher credit score and more financial possibilities. You may even get a credit report repair by reading through the report and removing any negative items through the process of disputation. Click the following link below for more information about credit repair:

Erase Bad Credit

by: William Roberts

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