Repairing Your Credit After Bankruptcy

Under most circumstances, it usually takes around 9 months to a full year for your credit to be repaired following the discharge of your debt through a Chapter 7 or Chapter 13 bankruptcy. Though there are many incorrect myths surrounding it, bankruptcy will have a negative impact on your credit score. Repairing your credit should be one of your major focuses after declaring bankruptcy.

An attorney from Price Law Group can assist you in repairing your credit and help you avoid making the mistake that led to your financial difficulty. A highly qualified attorney will not only stand by your side throughout the entire bankruptcy process, but he or she will also work towards making your life after bankruptcy as financially untroubled as possible.

The FCRA: Know Your Rights

Many individuals do not realize that credit reporting agencies and other financial institutions sometimes make mistakes calculating or reporting your credit score. It is your responsibility and your responsibility alone to check for mistakes on your credit report and dispute any errors. After your debt has been discharged following a bankruptcy, your bank may fail to report this discharge to the credit reporting agencies. This mistake can negatively affect you in the form of a lower credit score, which will result in higher interest rates that can end up costing you thousands of dollars over the years.

Under the Fair Credit Reporting Act (FCRA), individuals have the right to correct false or incorrect information on their credit reports. The Price Law Group can help you use the FCRA to clean up any mistakes on your credit report and repair your credit.

Our firm has helped over 100,000 people with their financial difficulties, including helping them repair the information in their credit reports. A clean credit report will lower your interest rates and lower your credit card bills. The firm will work closely with you to help repair your credit after bankruptcy.