How To Remove A Bankruptcy From Your Credit Report
In order to remove a bankruptcy, you must remove everything else from your credit report first, here is why…
If you have a bankruptcy and several accounts under it entitled "included in bankruptcy" the credit bureaus will simply assume it's accurate since you have accounts that are covered under bankruptcy protection.
The First Steps: Go over your credit report very carefully. If you live at an address other then the address where you filed, have it removed. Debts are often tied to addresses.
Then, dispute and remove every account showing as "included in bankruptcy". This shouldn't be hard since creditors have very little incentive to verify the information. Why would they? They can't get paid on it.
This process can take several months be patient, I promise it will pay off. Let's look at how bankruptcy files are stored; it is the key to successfully removing it from your credit report.
How your bankruptcy is filed and stored. After two years, your file is moved from the local court at which you filed, to a central storage facility. If you go to your local court and request to see your file, they will have to order it and have it brought back to the court.
Have them order it. The time it takes to arrive is about a week. Once it arrives they will put it in a special place and notify you that it has arrived.
Let me back up for a moment. Once you order your BK file, wait about 3 days and then send a dispute to the credit bureaus. They will then call the "storage facility" where your bankruptcy file should be - and discover it won't be.
It will be either in transition back to your local court, or already there and waiting for you to come view it.
Stall tactics are key. Once your file arrives back to the local court, they will start calling you to come view it. It is very important that you delay as long as possible. Remember, credit bureaus have 30 days to verify any disputed debts and it's very important you keep your file in that "holding room" for as long as you can.
Tell them, you're extremely busy at work, but will be there Monday. Call Monday and inform them you had an out of town meeting and promise to be there Friday. What you're trying to accomplish is keeping that file on hold the entire 30 days while the credit bureaus tries to verify its existence.
Related Tags: credit repair, how to, credit report repair, fix credit, improve credit score, bankrupcty
Marc Chase is a Partner and credit consultant at http://www.mycreditgroup.com Where you can find the most effective and legal ways to repair your credit!Your Article Search Directory : Find in Articles
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