After you finish your bankruptcy, you’ll feel a very strong sense of relief. You’re starting a new chapter in your life. You’re now set for a brand-new start financially. But, before you’ll be able to actually get going in your fresh financial life, you’ll want to initiate the process of rebuilding your credit. Thus, the first thing you’ll need to do after bankruptcy is to get a copy of your credit report. Once you receive your credit report, you’ll want to make certain it doesn’t incorporate any of your pre-bankruptcy debts.
Under federal law, you can get a free copy of your credit report every year. Contact the three major credit reporting agencies, TransUnion, Equifax and Experian, to get a copy of your free credit report. After you receive your report make sure you check over it very carefully. You should pay great attention to any listings of any debts that you had prior to filing bankruptcy. All of your pre-bankruptcy debts must be taken out. But, it’s extremely common for people to find those old discharged debts still recorded in their credit report. If you observe any of those pre-bankruptcy debts in your credit report, you’ll want to write a letter to the credit reporting agencies calling for them to remove the incorrect listings.
Bankruptcy does indeed lower your credit score. But, after bankruptcy you can rebuild your credit. An important part of rebuilding your credit after bankruptcy is taking the time to remove pre-bankruptcy debts in your credit report. If you’ll just devote a portion of your time to acquiring and checking over your credit report, you’ll be able to better your credit score after bankruptcy. As a matter of fact, if you’ll follow the measures listed here, you’ll be able to entirely rebuild your credit after bankrtupcy .