What is a Bankruptcy Discharge?
A bankruptcy discharge is an official order from a bankruptcy court that absolves the debtor of any legal requirement to pay the discharged debts. It also prohibits creditors from making attempts to collect the debt through phone calls, letters, lawsuits or any other means. This being the case, if you notice the discharged debt is still showing up in your credit report, you should reach out to an experienced NJ attorney right away.
Why Might a Discharged Debt Still Still Be on Your Credit Report?
If you are still seeing a discharged debt as owed on your credit report, it is possible that:
- The lender is using scare tactics to get you to pay. Lenders will use a variety of tactics to get you to pay a debt even after a bankruptcy discharge has been granted. This can include saying the discharge is invalid or that the discharge didn’t cover the full amount. Trying to pressure you into paying money you don’t owe is a Discharge Violation.
- The lender sold the debt to a debt buyer. A debt buyer, common referred to as a collection agency, will buy debts for cheap from lenders and employ many of the same tactics to get you to pay. If you are getting contacted by a company other than your lender, this is most likely the reason.
While there are any number of reasons a discharged debt on your credit report, you shouldn’t wait around and hope for it to resolve itself. Reach out to a lawyer right away to review your credit report. You are entitled to one (1) free credit report from each of the credit reporting agencies each year. You can go to www.annualcreditreport.com to get your free reports.
What Should You Do to Remove the Discharged Debt From Your Credit Report?
If your credit report is showing a lender attempting to collect on a discharged debt, you may be able to file claims against them in Bankruptcy Court, New Jersey Superior Court, or Federal Court. The law firm of Ira J. Metrick offers free consultations and a review of your credit report. Contact us today to fight back against lender harassment.