Credit Repair after Bankruptcy – Yes, It Is Necessary to Clean up Your Credit Profile!

Article by Matthew Wierzbinski

A lot of people assume that after going through a bankruptcy, all the items that were rolled up in the bankruptcy will be automatically deleted from their credit reports. In fact, I have had clients tell me that that’s exactly what their bankruptcy lawyer told them. “Don’t owrry about writing any credit repair letters. Those things will go away on their own once the bankruptcy goes through.” Wrong!

In the vast majority of cases, the accounts that were included in your bankruptcy will still report long after the bankruptcy goes through. People get a false sense of security from the erroneous legal advice they are offered, and that is a sad reality in deed. These people need to learn the truth. They cannot sit back and wait for their credit to clean itself up.

The fact is that credit repair is necessary even after your bankruptcy is through. But don’t just go out and sign on with an expensive CreditRepair company to do your credit report disputing for you. There is nothing they can accomplish for you that you can’t do for yourself, and you can do it for free!

In fact, the FTC recommends self credit repair over any company, service, or software that’s available. Check out the FTC’s consumer facts provided on their website to see that disputing your own accounts is what the FTC calls the best credit repair strategy.

If you’ve just gone through a bankruptcy, then you know which accounts were included in it. Get a current copy of your credit report and look it over thoroughly. If any of those items are still reporting balances even after the bankruptcy, you need to create credit dispute letters to the reporting credit bureaus. You can find samples of credit repair letters available on many online sites. I like the one provided by the FTC myself, but there are many others that will work too. Just customize the letter to your specific accounts. If you can, include any documentation that proves that the account is inaccurate. The company reporting the account is legally obligated to get it taken care of. Your credit dispute letter will help ensure they do.