One issue that can sometimes arise following a bankruptcy is that some debts on a credit report may be inaccurately listed and will not be reflected as “discharged in bankruptcy.” This happens when a credit report is not updated after the bankruptcy discharge. Even though the debt has been discharged in the bankruptcy and there is no legal obligation to pay it, the credit report may not reflect the fact that it was discharged. At McGuire & Hepperlen LLP, we send a letter to our clients at the time of their discharge recommending that they review their credit report for inaccuracies and we provide the address of all three credit bureaus so that our clients can write a letter to the credit bureaus asking for their credit report to be updated.
Under the Fair Credit Reporting Act, inaccurate credit reports can be corrected. The Fair Credit Reporting Act allows a person to challenge the accuracy of credit reports and furnish proof to be considered in making corrections. You have the right to one free credit report each year, and you can apply for that free credit report from each of the three major credit bureaus: Equifax, Experian, and TransUnion.
To dispute inaccurate credit information, you must contact the credit reporting agency with information showing the inaccuracy and they have 30 days to investigate. You should also contact the information provider (creditor).