Credit reporting errors are commonplace. Whether something has been accidentally added, or something that should have been removed remains on your report, it can be confusing.
This is why it is so important, no matter your financial status, that you constantly check your credit report for errors. You should aim to do this at least once a year, although if you check your credit report more frequently you can be certain that there are no financial errors on it.
But what happens if an error occurs once you have filed for bankruptcy? Do you have the same rights as you would if you hadn’t filed? Can you get a debt that was discharged or paid during bankruptcy removed? Here’s everything you need to know.
Will the debt be removed from the credit report once I have filed for bankruptcy?
The shortest answer is yes. If your credit report is showing that debt still remains on your report even though it was supposed to be discharged or you have repaid it once you have filed for bankruptcy, it is your right to have it removed.
It can be incredibly annoying that, after working so hard to get your finances back on track, there are still issues that need fixing if your credit report is wrong.
Luckily, according to the Fair Credit Reporting Act, whenever a consumer reporting agency prepares a consumer report it should be as accurate as possible. This is good news for anyone who has filed for bankruptcy, as it means you have the right to insist that a mistake be removed from your credit report. Moreover, if these mistakes have harmed you financially, you may be entitled to actual damages. Make sure you speak to a trusted chapter 7 bankruptcy attorney in Miami to discuss your options if there is a mistake on your credit report once you have filed for bankruptcy.
You are responsible for finding credit report errors
Whether you have filed for bankruptcy or not, it is your responsibility to keep an eye on your credit report. To do this, make sure that you request a copy of your credit report from three major credit bureaus. Once you have done this, make sure you check the entirety of the report to make sure that all of your debts have been discharged in bankruptcy. As long as it has been noted that you don’t owe anything on that debt, you can be certain that your credit report is correct for that debt.
This is an important step to take, as many people often forget to check their credit report, as they assume that everything is sorted after they have filed for bankruptcy. However, it is incredibly important that you check for errors. Otherwise, you could end up owing more money than you should, which could get you into financial difficultly again.
If you have discovered an error on your credit report once you have gone through the process of bankruptcy, make sure you contact a trusted attorney. They will be able to check over your details and advise you on how to remove this error from your credit report for good.