Comments on: Repairing Your Credit After Bankruptcy Part 1

By: shika

shika — Sun, 10 Jul 2011 02:05:35 +0000

I don’t see what’s wrong with disputing correct items. The credit bureaus don’t do due diligence when it comes to verifying the validity of items reported on your credit, so why not dispute the correct items? What’s the harm? When they refuse to take wrong items off your credit, it hurts you. When they accidentally take correct derogatory items off your credit report it helps you. Who does it harm? Credit reporting is nothing more than the creditors’ way of tattling on you. Sometimes that’s good when you pay good, sometimes its bad. Each person should do everything they can to help their credit score, even if you do dispute the correct items. I have recently been discharged from bankruptcy (which I filed due to being young and ignorant about the importance of having good credit, and how bad credit can effect your life). Its hard to get good credit, especially after bankruptcy so people should do whatever they legally can do to improve their score….BTW it is not illegal to dispute correct information…that’s called working the system! (call me scum if you’d like, but I call it being smart).

By: Jessica

Jessica — Thu, 17 Feb 2011 19:48:55 +0000

I have read through all of these messages as well and I too have a story to tell. My name is Jessica and I have had to claim bankruptcy this past Nov 2010 due to a hardship my family and I had suffered months before. My first husband and I bought our first home in 2008 with our 2 girls finally after living all over the world serving in the U.S. Army. We were finally ready to settle down in Florida and work regular jobs. Well on April 13th 2009 my husband never came home again, because I would find out later that day he had been in a car accident that involved 2 other females lives. May God Keep Them Safe Everyday! My husband was charged with 2 counts of DUI Manslaughter charges and many more others at that time. He was finally sentenced Feb 11th to serve 21 yrs in prison in the state of Florida. My husband was the only one working at the time and I was trying daily to get a job but I was shot down at ever position I applied for after serving 10+ in the U.S. Army as a Medical Nurse? Go Figure? I started to get depressed as anyone would have at this point in life but after what happened to my husband I was all that was left for my daughter’s and I had to be strong for them. It was only a matter of time before I would run out of money and lose our home and my 2008 car. I traded cars with my dad and tryed to put my house on the market for over a year. Of course no one was interest in buying a home for the going price so we started dropping the price of the home. It was a 4 bedroom 2 1/2 bath 2400 SF home corn lot with a pool. I was asking 230K at first then it dropped to 200K. Of course then filed bankruptcy there in Tampa Fl. An old friends of mine came down from Fort Bragg and helped out my daughter’s and myself by asking us to come and live with him. We now live in Washington State. Mike has retired out of the U.S. Army and has taken a job out west as a contractor on the base out here Fort lewis. So I am far from our family and the girl’s father but I must due whatever it takes to survive. I now have the girls back on health insurance and denatl plains and of course we all have a roof over our head. So what if I have to pretend to love him. I’ll do it for the girls. That is my story. Sorry it was very long. I just wanted to show that I too understand everyone above’s story and hardship’s. Life is hard and we can’t just give up. We must go on no matter what!

By: Glenn

Glenn — Wed, 12 Jan 2011 21:57:43 +0000

I love how some people act like you are scum for claiming bankruptcy or about the disputing correct items, as if this alone defines you. I’m sure those same people have cheated on a spouse/significant other, punched someone in the face, lied about a coworker, disrespected their parents, or sped down a highway.

Look, people who have claimed bankruptcy or have done any other thing that they aren’t proud of. As long as you use this experience as a tool to improve who you are, you are fine. I myself have done things that I’d never do again, like letting myself spend money I didn’t have. I claimed bankruptcy 3 years ago, and now I have decent credit (690′s). More importantly though, I have not slipped up since I did it. I “grew up”. You have to realize that no matter what your situation (even medical), if you want to improve some facet of your life, you have to change yourself. You must adopt a completely different view on the offending behavior.

Finally, on this dispute issue. Lying is never a good thing. Listen here though… if lying saved your job, saved you a speeding ticket, or stopped you from saying something hurtful to someone else, but then you change your habits… I’d have a tough time downing someone for that. Now if it keeps happening, that’s where the line needs to be drawn. Condemning someone for a one-mistake is not only idiotic, its not Christian. Who are you to override God’s forgiveness?

By: Jorge

Jorge — Sun, 26 Sep 2010 15:38:13 +0000

Hello to all. A few years ago I was on the top of the world, drove a nice Cadillac, made good money and had good credit, until I lost my job. The transition from that was horrible and I don’t wish anybody goes thru that. after years of struggle, repossession and multiple side jobs, I was advice that I should consider bankruptcy, at first the Idea of eliminating all my debt was like I was doing something wrong, but the truth is that it is a legal process, and many people go true it .when I realize that I was getting close to get a garnishment at my job. I decided to take action. The process was not that complicated but stressful, always hoping to have all debt clear before any garnishments or bank leans. About four moths later I finally got the discharge letter. That was one of the happiest days of my life. I thought I can start fresh and on time provide my family with a house of our own and a better future. Of course rebuilding credit after bankruptcy is a slow process but at least my debt was clear. A few days ago my car broke down and when I took it to the shop they toll me that I need it a new engine. “Here we go more problems”, I had a little money on the side for emergencies, but I was afraid to buy another car with problems that will cause me more head aches in the feature, so after doing some research I made the decision to go for a pre own car from a dealer. I figure I’ll give it a try plus if I get it, I was told is a good way to rebuild my credit. I got to the dealer at 7: 30pm and by closing time 8:00pm I was driving my new car. I was very surprised that the process was so fast and effective even with my BK and the funniest thing was that I was approved by the same bank that I was approved for the Cadillac, off course with a higher interest rate. After all there is a light at the end off the tunnel the BK process is meant for a second chance in credit and to be more responsible, I know I will. Thank you all for sharing your stories and I wish nobody has to go true this process unless they have to. The way I see it: If banks can get millions from the government to get bailed out, why not take advantage off the BK process as a second chance for hardworking people.

By: Bob G

Bob G — Mon, 26 Jul 2010 17:43:57 +0000

Thanks for your web site. I am just getting ready to file chapter 7 and wanted to know what the next steps are to rebuild credit. I found a wealth of info on your site and will let you know how well it works for me. Thanks again and have a good day, week and year!!!

By: I VARELA

I VARELA — Thu, 15 Jul 2010 14:40:32 +0000

I filed for bankruptcy and Im still waiting for an official discgarge. With that said my question is, am I able to open a savings account without being concern about levys?

By: Natalie Luongo

Natalie Luongo — Tue, 04 May 2010 21:17:57 +0000

i have great results with National credit Federation, check it out!

http://nationalcreditfederation.com/video-presentation

Lexinton Law is terrible! I know alot of people who switched from the to NCF.

By: bb

bb — Mon, 18 Jan 2010 04:31:39 +0000

Any advise on if Lexington Law is worth using to help?
Thanks

By: Donna

Donna — Sun, 17 Jan 2010 00:43:39 +0000

There are a lot of people who fall on hard times, and not by choice. I too, was in that situation. I had gotten divorced, and was left with all the bills. I had a job at the time that paid for everything. Then, the unexpected happened, I got laid off. I couldnt survive being a single parent on unemployment with all those bills. I ate up all my savings to try to avoid bankruptcy. I ended up getting another job, only to be paid less than half of what I was making before. I had NO CHOICE but to declare bankruptcy. I was drowning in debt and I had a little girl to worry about. Sometimes you gotta do things in life you are not proud of, but must do whatever it takes in order to survive. I am credit card and debt free now and living within my means. I sleep better at night and have no more stress and worry in my life wondering where I was going to get all the money to pay my bills. Its not a fun situation to be in..so before you criticize someone for something…think of how you would handle it if it happened to YOU.

By: Maria

Maria — Thu, 24 Sep 2009 17:12:08 +0000

Susan, try to learn compassion and understanding for others. Being judgemental is not a healthy way to live. As many have said – walk a mile in someone else’s shoes before you utter one word about their situation. Obviously, you have NO idea what it’s like to fall on hard times and not be able to to pull yourself out. Again, as others have said there is nothing easy about this. It’s a humiliating experience and one not undertaken lightly.

Jenna, thank you so very much for taking the time to help others – it always amazes me the volume of information online and how many people put effort in to do this, when they are getting little to no return – just pure generosity. Thank you again.