Nearly all people who go through a bankruptcy are told by their lawyer that their credit report will take care of itself and there's nothing they need to do about it--no credit repair, nothing. Rarely does that turn out to be the case. Most of the time, a bankruptcy will leave lingering items on your credit report for years and years. Many times creditors will continue to report on accounts that were included in a bankruptcy and this is absolutely not legal. Frequently, those creditors will just fail to update the accounts to show a zero balance. Again, not allowed.
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As far as credit repair goes, fixing credit after a bankruptcy is just about the easiest scenario you could be in. The process is simple: you need to write credit dispute letters for everything you included in your bankruptcy. Why? There are two reasons: 1) often the creditor will not respond to the dispute since they have nothing to collect from you--this causes the account to be deleted; and 2) because most of the time the creditors are reporting these accounts incorrectly. The second reason is the reason that gives you the right to dispute the account. The first reason is the big benefit to you.
If you had to include a large number of accounts in your bankruptcy, then you will have quite a few credit repair letters to write. This can be a pain, but it is well worth your time. You could pay one of the thousands of credit repair companies, but if you look at what these companies really do compared to how much you will have to pay, you might feel a bit ripped off. Like anything, you have to look at your whole situation. Do you have 3 hours of time to save yourself $600 - $1000? If so, you should look into doing self credit repair. Particularly in the case of a bankruptcy where it is a simple matter of mailing out one batch of credit dispute letters, self credit repair is really the wisest option--and it can be done for only the cost of the postage you'll buy to mail the letters.
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