Counterintuitive as it may sound, bankruptcy is frequently the first step on the road to credit repair. The federal Fair Credit Reporting Act with the Fair and Accurate Credit Transactions Act offers you some measure of protection against inaccurate credit reports. It guarantees your rights to know what’s in your credit file, find out the name and address of any credit bureau that produces a report that results in a denial of credit or employment and obtain a copy of that report, and the right to dispute inaccurate information with both the credit bureau and directly with the entity. It also guarantees your right to receive a free updated copy of your credit report within 45 days when an error has been corrected and include a written statement in your credit file explaining any issues that you dispute. With this information, you can make sure your credit reports are reasonably accurate, call a Carmichael bankruptcy attorney.
Your ability to secure credit is determined largely by credit reports issued by Equifax, TransUnion, and Experian. Most major lenders and many smaller local ones subscribe to one of these bureaus. The reports are supposed to only include the facts—your Social Security number, birth date, addresses, employers, the status of your accounts, and information from public records like bankruptcy, judgments, or tax liens.
If you are having financial hardship and are considering filling for bankruptcy, please call Carmichael bankruptcy attorney at our office at (916) 971-8880 for a FREE confidential bankruptcy consultation.
Click here to fill out our FREE Confidential Bankruptcy Case Consultation form.
“We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”
Law Office of Robert W. Fong
Robert W. Fong
6825 Fair Oaks, Blvd., Suite 101
Carmichael, CA 95608
TEL: (916) 971-8880
Recent Comments