Credit Repair Letters after Bankruptcy

By repair credit blogger | December 5, 2010

Is it advisable to repair your credit after a bankruptcy? The response in nearly every case I have ever been witness to is a resounding yes! Many people believe that after a bankruptcy, everything in the bankruptcy will be wiped off their credit report. What’s worse, many people are counselled by their lawyer that this will happen and that they don’t need to do a thing themselves to improve their credit after a bankruptcy.

Unfortunately, the truth is that in most situations, items that were included in the bankruptcy will still report as delinquent even after the bankruptcy. It is a general rule that more than 90% of the time, balances still show up on items that were included in a bankruptcy. Of course, the consequence for your credit is terrible. Delinquencies after a bankruptcy are viewed very harshly by underwriters—and so they should be. But if there are items that should have been wiped away still reporting, this is grossly unjust and grossly detrimental to your credit score.

The smartest plan for fixing your credit after a bankruptcy is to attend to the matter yourself. Get a copy of your credit report and search it for any accounts that may still be showing after being included in your bankruptcy. You’ll want to produce creditletters disputing any and all such items. You can find many fine sample letters online. Find one you like and customize it to your own disputes. It is a great idea as well to include a sentence or two asserting that the items you are disputing were included in a bankruptcy. If youare able, also include your bankruptcy’s case number and the place of the bankruptcy court. That informationinfo~data} may not be absolutely necessary to the process and you will probably get goodpretty good results without providing it, but any extra data you can include cannot hurt.

Remember, Every American has the right to have everything on their credit profile reporting with 100% accuracy. If you have items that are still unjustly showing up after a bankruptcy, dispute them. Credit repair after bankruptcy is, in in nearly every situation I have seen, a must.

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Improve Credit Score – How To Increase A FICO Credit Score

By repair credit blogger | December 5, 2010

How To Raise Your FICO Score

A good credit score is important in today’s financial climate. With the tightened up requirements for a new mortgage or loan, credit may be more important than ever. In this article, we’ll find out how you can raise your FICO score quickly and easily.

You may be surprised to find out that charge offs can be taken off a credit report. Charge offs can have a real problematic effect on a credit score. You do not need them on your credit report. If your credit report shows a couple of charge offs, you can do a few things to get them removed. This will improve your credit score and give you lower interest rates and monthly payments in return.

The order of geting charge offs removed starts with obtaining a copy of your credit report. You get one copy of credit report per calendar year. This gives you the possibility to take a look at what’s in your report.

It’s not uncommon to see a mistake on your credit report. When you spot a mistake, compose a letter to the credit bureau. Don’t write an email, write a real letter. You know, with ink and a stamp. If you don’t hear from the bureau within 30 days, the charge is automatically dropped from your report. By using this technique, you get your FICO scores moving up again

It may be an almost insignificant step every time, but small steps will get you there too. It’s possible save thousands of dollars in the next couple of years by maximizing your credit score by a seemingly small amount. So be precise when searching for incorrect charge offs.

It’s not a lot of fun, checking a credit report. That’s probably why almost no one takes the time to do it.. They assume that there are no mistakes in their reports. Actually, credit bureaus make a lot of mistakes. You have the possibility to remove charge offs and increase your score. The only thing you need to do is your research and write a letter to credit bureaus. Just doing this can save you thousands of dollars in the next few years.

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