How to Remove a Bankruptcy from Your Credit Report
Most people will tell you it's not even possible and that's good for the credit bureaus, the banks and the collection agencies. That's exactly what they want you to think. I thought it sounded too good to be true also, but 2 years after I filed bankruptcy, I had it removed from 2 out of my 3 major credit reports. I'm still working on the 3rd.
The truth is that you can dispute a bankruptcy the same as you can any other type of derogatory account on your credit report. Note that whether the account is "really" yours or not has no bearing on the credit bureaus responsibility to verify it. If it cannot be verified, it must be deleted. Period. According to the Fair Credit Reporting Act, the burden of proof is on the credit bureau.
Please let it be clear that it's never ever wise to be dishonest when communicating with credit reporting agencies, plus it is totally unnecessary. There are many ways to dispute the bankruptcy without lying.
Did you know that the credit bureaus don't even investigate public records? The courts will only verify such records in person. The credit bureaus will claim that they have a system to verify such records, but when it comes down to it, they don't. They also know that if a consumer were to seek litigation and financial damages in a court of law, they would be in big trouble.
Learn more about how to remove a bankruptcy and other negative listings from your credit reports at the credit repair forum!
Credit Repair Lenses
-
Credit Repair Forums
-
Credit repair forums are a great beginning point for anyone who is interested in credit repair. At these discussion boards, you can read other people’s experiences and get answers to your questions from people who have gone through the experien...
-
How to Remove Collection Accounts from Your Credit Report
-
Collection accounts are typically seriously past due accounts that have been assigned to an attorney or collection agency. Collection accounts can remain on your credit report for 7 years from the date of the initial missed payment that led to the co...
-
Free Credit Repair
-
"You're About to Learn the Secrets to Wiping Away Negative Items on Your Credit Report, Even if it's Real and You Still Owe It!" Inside you'll learn... * Why the credit bureaus are NOT your friends. * The top secrets and insider tips on how...
-
Credit Repair Companies
-
Anyone with low credit scores can tell you that bad credit sure can make life difficult. Fortunately, it is possible to fix your credit with credit repair. Thousands of people have been able to improve their credit score by repairing their credit rep...
-
How to Remove Charge-offs from Your Credit Report
-
A charge-off is a debt that is considered uncollectible by the original creditor and is subsequently written off. Charge-offs are classified as 'bad debts' on the creditor’s income statement and are removed from the balance sheet. When a credit...
Bankruptcy News
- Md. Firm Works With Lenders To Avoid Bankruptcy
- Read more in our Privacy Policy Md. Firm Works With Lenders To Avoid Bankruptcy AP A Montgomery County investment firm trying to avoid bankruptcy says it's ...
- Alt Energy Company Files Bankruptcy
- Atlanta-based Global Energy Holdings has filed for Chapter 11 bankruptcy as it tries to move from ethanol to landfill gas production. ...
- Retailers join Fontainebleau Las Vegas bankruptcy
- AP LAS VEGAS?Attorneys say three retail subsidiaries at the idled Fontainebleau Las Vegas casino resort have joined a Chapter 11 bankruptcy filing by the ...
Great Stuff on Amazon
How to File for Chapter 7 Bankruptcy
Amazon Price: $26.39 (as of 11/28/2009) 
Bankruptcy and Debtor/Creditor: Examples and Explanations (Examples & Explanations)
Amazon Price: $37.36 (as of 11/28/2009)
The New Bankruptcy: Will It Work for You?
Amazon Price: $16.49 (as of 11/28/2009)
