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.