Bankruptcy Filers Should See Improved Credit Score
Credit bureaus must make changes to their systems to update prior debts discharged in a Chapter 7 bankruptcy case.
A recent court order has required the three major credit bureaus (Experian, Equifax and TransUnion) to clean up the credit reports of millions of consumers who have filed for Chapter 7 bankruptcy protection. What often has happened is that old debt, discharged in the bankruptcy filing continues to appear on individual’s credit reports.
Bankruptcy Filings Are Sure To Rise
Bankruptcy filings will continue to rise due the current economic conditions.
Have you seen the price of gas lately? Have you gone to your local grocery store and checked out the prices for basic food items? Have you been out to eat in the past six months? If you are paying any attention at all, you will have noticed a significant increase.