Sarasota bankruptcy attorney offers great advice about avoiding common bankruptcy reporting errors with Big 3 credit reporting agencies .
Confusing bankruptcy attorneys add unnecessary stress to your life!
Big 3 credit reporting agencies Equifax, Transunion & Experian commonly (maybe intentionally) commit reporting errors.
When it comes to (your) bankruptcy, you cannot afford to have the BIG 3 screw up your credit file.
It’s bad enough as it is.
You have lates, collections, charge-offs & maybe a foreclosure or two.
You’re stressed out and tired of all the financial worries.
You don’t need (or want) to have to battle the BIG 3.
Click Read More below now to grab this free valuable advice from Sarasota bankruptcy attorney about filing bankruptcy and avoiding a serious fight with the big dogs at Experian, Equifax & Transunion.
ABSOLUTELY AVOID THIS FIGHT AFTER BANKRUPTCY
With most bankruptcy attorneys, you get the bare essentials…with emphasis on “bare.”
Barely any POST-BK help rebuilding your credit after BK…it’s not their area of expertise and you’re not paying them enough.
Barely any clear explanation.
Barely any time for questions.
Barely a name to the attorney…just a case number.
“Pay the man. Thank you, Ma’am!”
After BK, What Do
You Do?
According to one Sarasota bankruptcy attorney, you become proactive. You do not run and hide from rebuilding your credit starting with:
- Your credit reports. About 35 days after your BK is discharged, you need to pull your credit reports — one FREE report from each of the 3 bureaus. Use this government-sponsored site @ Free Credit Reports.
- Collect the following materials: your driver’s license (or some other official photo ID), your Social Security card, and Schedule F (the schedule of debts from your bankruptcy petition which lists the name, account number and address of all creditors). Eventually, you WILL need this information as the Big 3 WILL (not “if”) report inaccurately.
- When you spot an account discharged in BK but reported inaccurately, send a simple dispute letter and the documentation mentioned in step 2 to the bureau or bureaus reporting inaccurately. WARNING: black out all other discharged debts on Schedule F. Do not confuse the “checker” at the bureau with more information than he/she needs to re-investigate & report accurately
Typical Advice Causes
Time-Consuming Fight
Typical advice (if at all) is to make complete copies of all paperwork and fire it off to the bureaus regardless of reporting errors.
You wouldn’t believe the number of people who do this and who then later contact me about reporting errors.
For instance, I recently heard from a lady who had filed a Chapter 13 BK a few years ago. To her knowledge, everyone went well. Rather, all debt collection calls stopped. She could sleep at night.
She’s been making the “trustee” payment on time each month, while doing NOTHING with credit. She put her credit in the deep freeze.
That alone is a problem.
But that’s now why she contacted me.
Turns out, she now wants to work on rebuilding her credit. She already had pulled her credit reports.
Big Explosion Rights
Big 3 “Wrong” !
She quickly noted all kinds of mistakes.
Clearly, big 3 were reporting “inaccurately.”
She had re-affirmed her home and car. However, both showed up as included in bankruptcy.
Now she must battle the bureaus! With a little hope, the bureaus will acknowledge her dispute and report accurately. If not, I recommend THE BIG EXPLOSION newsletter, issue 2 (Note: CD/DVD gets you signed up to receive the newsletter…cancel any time).
Before I go, let me share something else the Sarasota bankruptcy attorney shared that I hadn’t heard before. Apparently, this is a frequently asked question:
“It is important to be aware that even if you mistakenly leave out a creditor from your list of debts… that debt is still discharged. Under Beezley v. California Land Title (994 F.2d 1433), a bankruptcy discharge, discharges all debts that arose before the filing of the bankruptcy, whether or not the debt was listed in the schedule of debts. If this is your situation, you do not need to re-open your bankruptcy to include the omitted debt. However, the creditor must be notified, so send your dispute package to the credit bureaus… and any creditors… who were left out of your bankruptcy petition.”
You must get your credit reports showing 100% accurate reporting. Therefore, you will need to keep after the credit bureaus to make sure they follow through and report accurately.
Are you considering bankruptcy? If you’re in the Sarasota, Venice or Port Charlotte, Florida, area, I will give you the name of one of the best bankruptcy attorneys I’ve met. Email me at mike [at] fixmyuglycredit [dot] com.
Do me a favor, please: go below and leave a comment.
- What questions do you have about bankruptcy?
- What experience do you have with bankruptcy and rebuilding your credit?
- Did you have problems with the credit bureaus?
- If so, how did you resolve…or have you?
I’m not an attorney so I won’t give legal advice. Shoot me an email if you need to file bankruptcy or want to explore your options.
image source: http://investment-fiduciary.com/
Sarasota bankruptcy attorney puts people first…and talks as a normal person. That’s rare, isn’t it? I’ve talked with many bankruptcy attorneys. Most bk attorneys confuse the hell out of people with a bunch of legal mumbo jumbo. Some confuse me, and I’ve talked with many. If/When the bureaus screw up your credit file, you know what to do.
Welcome back! Got a question for me...or an experience to share? Please go to the bottom of this article to ask a question or share an experience. :) Thank you!
Related Posts -
Credit Law Repair "Firm" Allegedly Steals Money & Causes Customer's Credit Scores To Drop! "Credit law repair 'firm' did nothing for me but steal my money month after month and drop my scores from where they were," complains Marcia S. of Orlando, FL. Unfortunately, Marcia is not alone in her disgust with credit (dis)repair companies. According to Marcia, Lexington Law Firm is the most...... -
Bad Credit Repair - Secret Weapon Fights Off Nasty Debt Collectors! Bad credit repair secret weapon empowers you to stand up to nasty debt collectors, even debt collectors who show up at your house threatening you with lawsuit and arrest. Debt collectors showing up at your house & threatening your wife? You think I'm kidding, don't you? You don't believe anything...... -
Credit Fix Report Confusion Shocks Nicky Myers Who Watches Her Credit Scores Plummet...For No Apparent Reason! Credit fix report scoring confusion baffles two Credit-Success inner-circle members who witness big score drops before discovering the secret to bouncing back from personal financial tragedy. Yes, you absolutely must understand this strange reality about the FICO scoring algorithm. Both Nicky and MaryAnn suffered bad credit tragedies from which they...... -
Credit Law Repair Demands You "Cherry-Pick" Your Credit Reports To Find A Quick 125 Points! Credit Law Repair doesn't need to get all "legal-speak" on you. This is not rocket science. It isn't complicated! So don't worry. What you'll discover is that many "items" on your reports are easier to dispute and have removed (if that's what is best) than others (see list below). Earning...... -
Bankruptcy Attorney Shares Secret For Removing Bankruptcy! It's impossible to remove a bankruptcy from your credit reports...or so I had thought. Turns out, I was mistaken as I recently discovered. "So how do you do it?" I said to the bankruptcy attorney. A few weeks ago, I talked with a BK attorney out of New York. Turns......
- How To Fix A Mistake On Your Credit Report. Whether someone alerts you to it or not, sometimes mistakes show up on your credit report. And while I have...
- Checking Your Credit Report Can Save You Money Many individuals do not check their credit report on a regular basis for a variety of reasons. Some individuals believe...
- How to Really Get a Free Credit Report American consumers are urged to review their credit report at least once per year. In fact, every consumer has the...
- Check Your Credit Reports When you apply for a credit card, loan or mortgage, the bank will check your credit history before making a...
- What Is In Your Credit Report? Although every one of the credit reporting agencies is going to format and then report their information in a different...
Loading ...
