There is nothing like being given a second chance to make right our wrongs. This tends to allow a lot of people enjoy inner peace and satisfaction. Although it is not at all times when people are given second chances that they make good use of them, some just blow away their second chance.
In the same vein, those who file for bankruptcy seek for a second chance but in order for them not to waste the opportunity given, they need to take care of some important points. One great challenge encountered by people after discharging their bankruptcy is having their credit reports cleaned up. The challenge when fought and won in your favor if you have filed for bankruptcy too would have a positive impact on your credit report.
It is apparent the challenge faced in this situation is that of communication. The creditors relay to the credit bureaus about your response to your bills and debts and these reports are what are reflected on your credit reports. If you think there is someone at the credit bureau who hates you, then think again. There is certainly no bias or prejudices in these issues, the bureaus only give information they have been supplied by your creditors on your credit report.
Given that the people that handle these reports are human beings and are also prone to mistakes, there are situations where information that is given is inaccurate or incorrect and quite unfortunately, your credit report bears the brunt of this wrong information. The real challenge you would have to face first is the cleaning up of your credit report after bankruptcy especially where verified that there are inaccuracies and inconsistencies in your credit report. Even when inaccuracies are not detected, it is nonetheless necessary for you to make sure that you confirm and double check the information given to the credit bureaus is 100% correct. Simple as it sounds, there is a great deal of work that you would have to do on it.
There are some good ways you may use however to verify that the information supplied is correct. If you are to pull a credit report by yourself which you can do freely on the internet, you would be able to detect what is inconsistent on your credit report after carefully going through it.
Another tough one you may encounter while trying to make right the wrongs in your credit report is following up with your disputes at the bureaus. This can take so much of your time and if you are not patient enough, you may end up not getting the desired result due to frustration. This however needn’t happen to you. There are some simple steps you can take that can make all the difference you need to make the process a very simple one for you.
By putting together your social security card, your Schedule F from your bankruptcy and your drivers’ license, you should make copies from these and send three copies of each to the credit bureaus. When you send your dispute in writing, do so with registered mails. The law says that the creditor either responds to your dispute within 30 days or withdraws the item you are disputing from your credit report. If you can do this, your credit report after bankruptcy would take a turn for the better.
