About Credit Repair

Improving Your Credit Score Post-Bankruptcy

Having your debts discharged in a Chapter 7 or Chapter 13 bankruptcy, is only the first step towards recovering your financial stability. The next step involves repairing and restoring your credit rating. The Fair Credit Reporting Act (FCRA) gives an individual the right to have false or incorrect information on their credit report corrected.

Mistakes on credit reports are common. Unfortunately such mistakes can severely impact your financial situation and result in you having to pay higher interest rates or fees on loans, credit cards and mortgages. This could end up costing you heavily in the long run. A knowledgeable attorney at the Price Law Group will be able to work with you and help you remove any misinformation or errors on your credit report.

Avoid Credit Scams

There are thousands of companies out there that promise a complete restoral of credit overnight. This should be your first sign that you shouldn't trust this company. Especially if the company in question is asking for money to repair your credit, you should not trust them. According to the Credit Repair Organizations Act, credit repair companies are forbidden from requiring payment from you until they have completed the agreed upon services. The Federal Trade Commission has laid out helpful rules to follow to avoid falling into a credit repair scam. What many people also do not realize is that it is perfectly feasible to repair your credit on your own. By practicing good spending habits post-bankruptcy, you can significantly improve your credit score in a short amount of time.

Restore Your Credit the Right way!

You are ultimately responsible for the accuracy of your own credit report. You can directly contact the three credit bureaus; Experian, Equifax, and Transunion, in order to review and dispute any inaccurate, incomplete, or false items on your credit report. Any items which the credit bureaus are unable to verify as being true, must be removed from your credit report. While it sounds simple enough, in most cases individuals lack the in depth understanding and knowledge of procedures as laid out under the Fair Credit Reporting Act and other laws in this area, to be able to properly and fully complete the credit repair process.

Over the last two decades, the attorneys at Price Law Group have helped over 100,000 people through their financial difficulties, including helping them repair their credit after bankruptcy. The entire process takes between nine months and one year to complete, and the attorneys at firm will work with you closely the entire way.