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I filed bankruptcy Feb 2015 it was discharged June 2015. My score is still reporting like 560's on all three reporting agencies. What do I need to do? I see some accounts are reporting closed by grantor and doesnt show it was included in Bankruptcy. Do I need to dispute that?
I have a personal loan with a local bank that reports monthly, but its only been reporting since February. When they pulled my Transunion credit score it was a 611. So, thats why I'm confused.
You're going to need more than that installment loan to boost your score, get a couple credit cards. Start with Capital One, use their pre-qualifier:
https://findmycard.capitalone.com/en/PageVersions/LandingPages/LP_ONE_V20.aspx
If they recommend a card for you with a specific APR, like 16%, not a range like 12-25% you should be approved. And if you leery of going back into to CC debt, just use it like a debit card - charge, and then pay it in full. A couple CCs reporting low balances and prompt payment will boost your score quickly.
Autumn,
I finished my punishment (ha-ha) for bankruptcy on April 1st. It seems that the (big-3, from here on I'll call them B-3) took no time whatsoever in removing it from my credit records. And there was a significant increase in mt S8 scores
@AutumnH wrote:I filed bankruptcy Feb 2015 it was discharged June 2015. My score is still reporting like 560's on all three reporting agencies. What do I need to do? I see some accounts are reporting closed by grantor and doesnt show it was included in Bankruptcy. Do I need to dispute that?
I can't see why they would take so long to get you squared away. If you filed those accounts in your bankruptcy then, by law, they must be included in your bankruptcy. The exception being government loans, student school loans, back child support, things like that. You can try disputing them, but your chances of a positive outcome is limited. One thing that can help is taking out a loan, also good user friendly credit cards. I pay all my full balance credit cards off as soon as they come due. I don't know if this had a bearing, but my wife's dad passed away last year and he left his kids a sizeable amount of money. The B-3 may look at this as a likely situation that I'll pay my bills on time. If your bankruptcy is still showing on any of the B-3, then by all means dispute it right away! The Big-3 control so much of our lives we shouldn't let them get away with anything.
I wish you the best luck with this! Keep paying your bills on time and the B-3 will see that and raise your score.
All My Best,
Greg
Thanks for the input, that's what I'm trying to do now is dispute them to tell them they were all included in Bankruptcy. Its at least 7-12 items reporting incorrectly. So what exaclty did you do? Did you dispute them saying they should be included in bankruptcy? I've also applied for a credit one card and capital one and was denied.
@gbwhite1 wrote:Autumn,
I finished my punishment (ha-ha) for bankruptcy on April 1st. It seems that the (big-3, from here on I'll call them B-3) took no time whatsoever in removing it from my credit records. And there was a significant increase in mt S8 scores
@AutumnH wrote:I filed bankruptcy Feb 2015 it was discharged June 2015. My score is still reporting like 560's on all three reporting agencies. What do I need to do? I see some accounts are reporting closed by grantor and doesnt show it was included in Bankruptcy. Do I need to dispute that?
I can't see why they would take so long to get you squared away. If you filed those accounts in your bankruptcy then, by law, they must be included in your bankruptcy. The exception being government loans, student school loans, back child support, things like that. You can try disputing them, but your chances of a positive outcome is limited. One thing that can help is taking out a loan, also good user friendly credit cards. I pay all my full balance credit cards off as soon as they come due. I don't know if this had a bearing, but my wife's dad passed away last year and he left his kids a sizeable amount of money. The B-3 may look at this as a likely situation that I'll pay my bills on time. If your bankruptcy is still showing on any of the B-3, then by all means dispute it right away! The Big-3 control so much of our lives we shouldn't let them get away with anything.
I wish you the best luck with this! Keep paying your bills on time and the B-3 will see that and raise your score.
All My Best,
Greg
Yes, OP you would dispute them saying they we part of your chapter 7 bk and the debts was discharged. When I disputed I mailed and faxed them a copy of my Discharge papers as well as a copy of my list of creditors.
@Pway wrote:Yes, OP you would dispute them saying they we part of your chapter 7 bk and the debts was discharged. When I disputed I mailed and faxed them a copy of my Discharge papers as well as a copy of my list of creditors.
Ok Thanks, In the process of doing so now
You need a revolving TL asap to help bring that score up. Three revolving TL's are needed to optimize FICO scoring.
Finally!!! I got approved for a credit one card! Maybe now I can start rebuilding!! Yayyyy!!
I had to dispute a lot of stuff they had a lot of my accounts as charged off instead of being discharged!