Dear consumer,

Congratulations! You have successfully completed your Chapter 13 repayment plan. You should look upon this accomplishment with a great deal of pride. It is now time to bring closure to this chapter of your history and cautiously move forward with your financial life.

There are some very important points of which we want to make you aware. First and foremost, be patient! Do not immediately pursue new credit opportunities until you submit the needed information to get your credit reports corrected. 

The status of your credit history is of great importance to you. The fact that you filed a Chapter 13 will stay on your report for seven (7) years from the date you filed. Each account included in your plan (with the exception of unique accounts such as student loans which will likely have a balance that survived the plan) should now show, however, that it was repaid or discharged in your Chapter 13. In order to ensure the accuracy of your reports, you must provide each of the major credit repositories with certain information. 

Included in this packet is a copy of your Final Report and Account and a Claims Register. In a later separate mailing, you will receive your notice of discharge from the Court. These are very important documents! Make several copies of each, as they will be requested in future transactions as legal proof of the completion of your plan. Keep the originals in a safe place permanently. Some documents cannot be recreated by the trustee’s office so you must maintain the originals for your records.

Enclosed you will find three copies of a credit bureau update request form. Complete each one and mail it, along with a copy of the Final Report and Account and the Claims Register to the companies listed below. Also include a copy of something showing your current address, such as a utility bill.

Experian	Trans Union
Attn: Elite Team	2 Baldwin Place
P.O. BOX 2002	P.O. Box 1000
Allen, Texas 75013-0036	Chester, PA 19022	

CSC Credit Services*
P.O. Box 981222
El Paso, TX 79998-1222
*CSC is affiliated with Equifax.

Within three to four weeks, you should receive a credit report from each one. If all the corrections have not been made, this office can assist you, but only if you have completed and returned the enclosed authorization form with the colored band at the top of the page. Having that form on file is also necessary if you desire our guidance in contacting credit grantors who work well and deal fairly with Chapter 13 “graduates.” This can be of great benefit to you, especially if yours was a repayment plan of 75% to 100% to unsecured creditors, as that is a requirement of most of those creditors. Please complete and return the authorization form using the self-addressed envelope included for your convenience.

After receiving your credit reports, review them carefully to see if each of your accounts discharged or paid in your plan is so noted. Each report will contain directions for disputing or correcting information that may be incorrect. If you need additional help, please mail a copy of your credit reports to the address shown on this letterhead, to the attention of Sandi, along with a note stating what the problem is. Please be sure to include a phone number in your note.

Once the credit reports have been satisfactorily corrected, let Sandi know if you are in need of a particular type of credit, such as an auto or home loan. If a major credit card is needed, a secured card may be the best starting point. While this office in no way encourages you to pursue new credit nor does it guarantee issuance of new credit, we do realize that it is often needed for major purchases.  You may call (210)824-1460 extension 164 to get helpful information concerning credit availability and application procedures.

Also included in this mailing is additional money and credit management information to assist you. We sincerely hope that you have used your time in the plan to develop and practice healthy money management skills. With your debts now repaid, you are in a position to use those skills in positive ways and to make wise decisions to ensure a sound financial future. 

Yours truly,

Marion A. Olson, Jr.
Chapter 13 Trustee

MAO/sm
enclosures