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Category Archives: Credit Report

Credit Reporting and Bankruptcy

Credit Reporting and Bankruptcy

WHAT DOES MY CREDIT REPORT LOOK LIKE AFTER BANKRUPTCY? The Fair Credit Reporting Act (15 U.S.C. §1681 et seq.) governs how a creditor can report a debt that has been discharged in bankruptcy. The creditor can report an account that has been discharged in bankruptcy, but the account must show a zero balance after the discharge.… Continue Reading

Errors in Your Credit Report

Errors in Your Credit Report

MISREPORTING OF CREDIT INFORMATION Creditors will report debts or accounts to the credit reporting agencies, where the liability for the debt has been discharged in a bankruptcy.  If you discover the misreporting of such an account in your consumer credit report, then you should dispute the information. Consumers are entitled to one free credit report annually… Continue Reading