Subject: How accounts should read after bankruptcy?
Thu Apr 10, 2008 5:13 pm
Hi everyone. Can anyone please tell me how my accounts should appear on my credit report after bankruptcy discharge? All these accounts were inclueded on the bankruptcy but some of them say derrogatory, is that normal?thanks in advance.
Frankly speaking it is 90% times that your credit report shows wrong information after a bankruptcy discharge. In your case the same thing has happened. After bankruptcy discharge all the accounts included in the BK should show "included in bankruptcy" and a $0.00 account balance.
What you need to do now is contact the creditor and request them to make the due changes in your report. Keep updating till they actually do it. CARPE DIEM _________________ Regards,
Or you could also just file a credit dispute including your bankruptcy discharge and the declaration page that shows the debts as being included in the bankruptcy. Sometimes the credit bureaus themselves are easier to work with than dealing directly with your creditors. Atleast with the credit dispute you know the problem will be resolved within 30 days from the date the credit bureaus recieved your dispute. _________________ Scott McKay
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.