Announced Blogs

Generally speaking the credit reports provided by the credit bureaus are detailed and accurate. For example it’s not uncommon for them to have information regarding your missed payments for as far back as six or seven years. They collect this information in order to provide it to creditors prior to them providing any form of credit to a consumer seeking it. The creditors can use the information they receive to determine if that same consumer can be considered a good credit risk. A good rating allows for more favorable credit terms while a poor rating essentially ends any chance for a consumer to obtain credit in the first place.

read more and understand your credit report.

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You wll want to make sure that your report is showing the date the bankruptcy was filed and when it was discharged. Make sure that ALL creditors that you included in the bankruptcy are showing that they were and that your balance is $0 and nothing else.  Profit & Loss or Charge Offs will lower your credit score.  Make sure they report as “included in bankruptcy” with a $0.00 balance.

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