Free credit history check Louisiana

After the bankruptcy is discharged, you no longer owe the debt and you would free credit history check Louisiana think phone calls and harassing letters would be well behind you.

The problem occurs most often when a debt is sold over and over again to different collection agencies. Some collection agencies may honestly not be aware of the bankruptcy. Usually, simply telling them that the debt was discharged in bankruptcy takes care of it and you won’t hear from them again.

Believe it or not, creditors will still call debtors thinking they might still actually receive payment for the debt.  Sometimes the debtor simply doesn’t know that the creditor cannot collect.

Other times, bankruptcy filers are so afraid of messing up their fresh start that they pay, not realizing that they no longer owe the debt. A creditor or collection agency may even contact you trying to free credit history check Louisiana collect years after the bankruptcy. get a free credit report It is illegal however, for debt collectors to continue to contact you. If this happens, it is advised that you gather as much information as you can from the creditor and then notify your attorney or a bankruptcy attorney.

Although the attorney may just send a free credit history check Louisiana brief letter advising the creditor to cease collection activity, creditors are often sued for violating the Discharge Order for thousands of dollars. How Does the Bankruptcy Affect Credit? About 60 days after your bankruptcy is discharged, you should pull your credit reports again.  The bankruptcy should be on your credit report and any accounts included in the bankruptcy should be noted as “Included in Bankruptcy” free credit history check Louisiana and reflect a $0 balance. free online credit reports If the account still holds a balance, you should contact the creditor to make the correction, and challenge the item on your credit report. Additionally, if the account is noted as open or in collections or free credit history check Louisiana in any other way except Included in Bankruptcy, you need to notify the creditor or collection agency immediately. If an amount is showing as still owed, the creditor may be in violation of the Discharge Order, as you do not owe anything on the debt after the discharge. It will be difficult to obtain a loan or credit after you file bankruptcy. Especially if you try to do so immediately after free credit history check Louisiana the discharge. Expect this for at least a year, and when you are able to obtain credit, also expect to pay extremely high interest rates. You probably won’t be eligible for a somewhat reasonable line of credit with a reasonable interest rate until around 2 years after your discharge, and this is if you manage to keep everything clean on your credit report during that time period. consumer credit report

Additionally, more employers are pulling credit reports when considering applicants and you may have to pay large deposits with utility companies and phone companies. In these cases it’s best to keep your job and plan ahead. A bankruptcy may remain on your credit for up to 10 years; sometimes the credit bureaus will remove it at 7, which is the period of time that most negatives fall off a credit report anyway.