Three months later, Mike’s After Bankruptcy Credit Score is 681
Last Friday, Mike sent me this screenshot, showing his credit score is 681.
Three months after his discharge, Mike sent me this screenshot. Mike’s after bankruptcy credit score is 681.
A 681 credit score is, barely, considered a “good” score by Experian and CreditKarma.
Mike had filed bankruptcy with me in April and it was approved and done in September. So his score was what many lenders would call “good” just three months after bankruptcy.
Mike and I did a little extra work to get there.
I tell people to check their credit score. Two months after bankruptcy, it should be between 600 and 640, according to studies done for the Federal Reserve.
Mike’s score was a little low, so I told him to send me his credit report, so we could look at it together.
Together we found the culprit. His credit union had reported him as late for the four months he was going through the bankruptcy. Then they got it right.
That four months of bad reporting seems like a small thing, but Mike and I disputed it.
The 681 credit score was the result.
Your After Bankruptcy Credit Score is Part of My Five Year Warranty.
I encourage all my clients to send me their credit reports if their post-bankruptcy credit score is less than 600.
That’s part of my five-year warranty.
For most people, bankruptcy is a powerful tool for credit repair. That’s why it’s so important for a bankruptcy lawyer to also understand the Fair Credit Reporting Act.
If your credit report and credit score have mistakes after your bankruptcy, then you haven’t really gotten the fresh start that’s your right under the law.
All I Do is Bankruptcy Law.
I say all I do is bankruptcy law. But I also use consumer law, Fair Credit Reporting and Fair Debt Collections, to clear up errors in your credit report after bankruptcy.
