Why Do You Need Copies Of Your Bankruptcy Records?

Posted: January 3, 2017 at 9:42 am

If you have yet to obtain a copy of your bankruptcy records it is most likely because you aren’t aware of their importance. A lot of people believe that their records will make their way to their creditors and be available for online reports, but this isn’t exactly how it works.

Despite a bankruptcy you still may qualify for a home loan or a car loan. Sometimes you can still apply for credit cards. It is not always a cut and dry case. What actually shows up on your records is more like a red flag rather than an explanation. You will need to be able to show the new creditors that your case has been discharged.

The filing process can seem a bit complicated which is why so many consumers simply breathe a sigh of relief and move on once it has finally culminated. However, it’s best to always have an available copy of all your bankruptcy records so that any questions or disputes can be handled immediately. Allowing any kind of overhang from the situation tends to make one stressed and anxious. Being able to simply show the right paperwork when asked makes life much easier and smoother.

It is quite common to find that you still have creditors hounding you despite your bankruptcy. This is often because they don’t have any accurate record of your terms or dealings with the process so you simply look delinquent to their computer. Thus, your name and phone number pops up at the collection bureau. Taking it upon yourself to clear up any break down in communication is part of finishing off the bankruptcy on your end.

In most cases you will have to pay a small fee in order to receive your records. Technology has made it much easier than ever to get those records and have them in your possession quickly. You don’t have to request numerous copies sent to you via hard copy any longer. You can have the records sent electronically and then you can store them and gain access to them easily.

Regardless of your reasons for filing, be sure to get a copy of your bankruptcy records as soon as possible. Think of it in terms as the final step in your process and you will find that you are suddenly back on the road to financial ease. From there, it’s a function of managing your funds and taking steps to prevent such matters from presenting themselves again in the future.

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