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How to Dispute a Bankruptcy on your Credit Report

How to Dispute a Bankruptcy on your Credit ReportFiling bankruptcy can allow individuals or businesses, who have accumulated too much debt, the opportunity to absolve the debt by not having to pay it back. It seems like a great opportunity to start fresh, however the down side is that you now have a major stumbling block on your credit report and it can last from seven to ten years! There are different types of bankruptcies; filing Chapter 13 will allow you pay back a portion of your debt over time and filing Chapter 7 will completely discharge your entire obligation. The only way to remove a bankruptcy on your credit report is if it should not be there, meaning if it is on your credit report by mistake or if it has been over seven years and it is still on your report. A bankruptcy will stay on your credit report for ten years if you have filed Chapter 13 and did not fulfill your commitment to pay back the agreed portion of the debt.

Many different credit repair agencies will tell you that it is possible to remove a bankruptcy from your credit report before the 7 to 10 years, but that isn’t true. There are ways to try and get the credit bureaus to remove the bankruptcy earlier, but it is very cumbersome, unethical and somewhat dishonest. Many letters and continued correspondence will have to be written and filed and ultimately, the bankruptcy can show up again in a few months.

If you haven’t filed for bankruptcy in the last 10 years, any bankruptcy appearing on your credit is incorrect and there are steps you can take to have it removed. Bankruptcy expires from the credit report after a seven year period, so if you filed for bankruptcy protection more than seven years ago, this is also a legitimate reason to have the bankruptcy removed.

When you are finally able to have the bankruptcy removed from your credit report, the best place to turn to for help is Credit Elves. They can provide you with the sample letters you need to contact the three major reporting agencies. Credit Elves realizes that each case is different, and can provide you with the customized attention to detail that you need to have for each of these agencies to remove incorrect information in a timely manner.

With Credit Elves, there are three levels of service that you can choose from. Making sure that any discrepancies regarding bankruptcy, that are on your credit report when they shouldn’t be, can be easier and faster when you get the advice and the help that you need.

Filing bankruptcy is not an easy decision to make, and having to wait the necessary time to have it removed from your credit report may seem endless. When you find yourself in a situation where a bankruptcy is mistakenly filed on your credit report, turn to Credit Elves to quickly avoid possible continued damage to your credit history.

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