Debtors believe that
bankruptcy is on our credit report for seven to ten years after discharge. In some
situations, you can remove it. Learn how to remove a bankruptcy from your
Bankruptcy Due to Identity Theft
Bankruptcy related to identity theft is removable. The debtor must tell
the three major credit report companies about your situation. Provide
proof of the charge. Experian, Equifax and TransUnion will investigate
the accusation and inform you if the bankruptcy is a misunderstanding.
Be zealous in getting this report off. You don't deserve to hinder
your credit because of someone else's mistake.
Creditor Agreements & Vacating the Bankruptcy
If you decide to work it out with the creditor instead of filing, it is
possible to have this removed. This is vacating the bankruptcy, and it
acts as if bankruptcy never existed. Call the credit report companies
and let them confirm the renewed partnership. You, however, must provide
proof of the agreement. If report companies won't cooperate,
contact a bankruptcy attorney to assist you in removing the error in the credit report.
Some bankruptcy errors are removable. You can remove bankruptcy if errors
appear in the bankruptcy report. In addition to identity theft, clerical
mistakes and inaccuracy are reasons to remove bankruptcy. Like the other
two, contact the credit bureaus for removal.
Chapter 13 Bankruptcy
You can also
reduce the amount of time bankruptcy is on the report. The debtor must confirm that he or she filed
for chapter 13. Instead of 10 years under chapter 13, it remains on the
report for seven years. This offering is to encourage people to file chapter
13 and in turn, creditors receive payment through the repayment plan.
Like the other three, contact the credit bureaus to reduce the bankruptcy listing.
Bankruptcy Isn't All Bad - It's a Fresh Start!
Unfortunately, traditional, legitimate bankruptcy cannot leave the report
because you made the choice to file. Don't listen to companies that
claim to remove bankruptcy for a fee because it's a scam. However,
having bankruptcy on the report isn't a death sentence. Look at it
as a restart button to rebuild your credit. In two years, you can have
a good credit score - even with bankruptcy listed. For more information