Understanding Reports
How to Read Your Credit Report After Bankruptcy
Credit reports can feel dense. Taking them one section at a time makes them much easier to understand.
- Reading time:
- 1 min
Personal identification information
Check your name, addresses, and employers. Unfamiliar information can indicate a mixed file or identity issue.
Account history
Each account (or "tradeline") lists the creditor, account type, open date, and status. Match each one against your bankruptcy schedules.
Credit limits and balances
For open accounts, compare the balance with your statements. For discharged accounts, a remaining balance owed may be inaccurate.
Payment history
Monthly payment grids show on-time and late payments. Accurate late payments before your bankruptcy may remain for legally permitted periods.
Public record information
Your bankruptcy filing may appear here. Confirm the chapter, filing date, and discharge date are correct.
Bankruptcy-related remarks
Look for wording such as "discharged in bankruptcy" or "included in bankruptcy" on accounts you listed.
Potential errors to note
- Balances on discharged accounts.
- Accounts shown as currently in collection after discharge.
- Accounts that are not yours.
- Duplicate entries for the same debt.
Official and reference sources
Questions about your reports?
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