How to Repair Credit after a Credit Card Lawsuit Part 1

This article is the first of a 2 part series focused on credit repair strategies. More specifically, the goal of these articles is to provide you with the information needed to rebuild credit after credit card lawsuit judgment, or other catastrophic credit event. This series include tips and simple step-by-step instructions on how get a free copy of your credit report, challenge negative entries, and keep your credit clean. With time, you will definitely see a significant boost in your credit score.

Credit Repair Strategy


STEP 1: Order your free credit report

Federal law allows consumers to receive a free copy of their credit report once every 12 months.

You can order a free report from all three main credit reporting agencies: Experian, Equifax, and TransUnion by doing one of the following:

  • Online – Visit www.annualcreditreport.com
  • Phone- Central Distribution Number at 1-877-322-8228
  • Mail – Complete Annual Credit Report Request Form(see below)

send to:

Annual Credit Report Request Service
P.O. Box 105281
Atlanta, GA 30348-5281


STEP 2: Carefully read and analyze your report.

One you get your reports from the 3 credit reporting agencies, be sure to examine your closely to identify any potential inaccuracies. Studies have shown that the vast majority of credit report contains errors. These inaccuracies may pull down your credit score.

Each reporting agency differs in the way they present the information but all three will include details regarding:

  • Personal information (full name, address, employment, social security number etc.)
  • Account details and status (types of accounts held, credit limits, paid or past due etc.)
  • Public records (e.g. bankruptcy)
  • Requests for your credit history (hard and soft inquiries)

The report should also include a key or explanation section to help you interpret the details. Usually the report includes a summary to give you an outline of your credit status. It also separates the healthy accounts from the negative ones which makes its interpretation a little easier.


STEP 3: Check negative items for accuracy

Closely examining negative entries is very critical step in rebuilding your credit. A number of studies have shown that many credit reports contain false or inaccurate information. These inaccuracies may significantly damage your credit score. As such, you should do the following with all negative entries on your report:

  • Verify that there are no duplicate accounts or items.
  • Check creditors names, dates, and balances are correct.
  • Confirm collections and negative items older than 7 years(10 for bankruptcy) have been removed.

In addition, check that recent payments are properly showing up on your accounts. Keep in mind that it takes time for credit grantors to send the information, and for the reporting agency to update their records. Lastly, make sure that all of the information matches your personal records.

Once you have identified and marked inaccuracies, you are ready for the next step, challenging negative entries on your credit report.


Download (PDF, 211KB)


To request a free credit report by mail, download form and send completed form to the address listed above.

Click here to go to the 2nd article in series.