How can I raise my credit score after bankruptcy? I had a bankruptcy discharged, can I rem the accts included?
I filed for bankruptcy (chapter 7) a year ago and successfully had it discharged. I’m in teh process of rebuilding my credit and I pulled my credit report and all the creditors included in the bankruptcy have my accounts listed as “bankruptcy” which is destroying my credit score. Is there any way I can have those accounts removed since they are all closed and were included with the bankruptcy? Does anyone have any tips on rebuilding my credit? My score is currently 530 and I would like to raise it to the average but it seems like it hasn’t been going anywhere. What can I do?
July 3rd, 2010 at 4:05 pm
yes go to a person that will help you possibly a lawyer to remove the disputed accounts
July 3rd, 2010 at 4:38 pm
see if you can get help here http://www.researchitforme.com/wesayes/creditrepair.html
July 3rd, 2010 at 5:37 pm
There is a lot of information concerning available concerning rebuilding credit. Go to your local library or do a general search under a search engine such as yahoo. I had a girlfriend to file bankruptcy a couple of years ago and she has since, purchased a home and a car. To build your credit you are going to have to have some type of line of credit and be sure to make your payments on time. Before you know it, your credit score will be A O.K.
July 3rd, 2010 at 6:35 pm
Get copies of your credit report from Equifax, Experian, and TransUnion here: http://www.annualcreditreport.com. Write a detailed letter to each repository disputing all the derogatory information. Send the letters Certified Mail Return Receipt (CMRR). Make sure your credit reports are accurate.
Re-establish credit. Get some department store cards and/or gas cards and spend up to 20% of the credit limit, never more than than that, and make your payments on time. Get a secured card if you have to, but make sure they card issuer reports to the bureaus–many do not.
Good luck.
Rick Lanicek
http://www.primelendingonline.com
July 3rd, 2010 at 8:23 pm
How to Improve Your Credit Rating After Bankruptcy
http://get-out-of-the-debt-trap.com/category/How-to-Improve-Your-Credit-Rating-After-Bankruptcy.html
July 3rd, 2010 at 10:00 pm
The key to increasing your score after bankruptcy is 1.) making sure the debts that were included ARE being shown as IN BANKRUPTCY and have a zero balance and 2.) re-establishing your credit.
The 2nd is tough and you’ll have to take on some pretty high interest rates, but it will be worth it. Start off with secured credit cards and go from there.