How to Remove Bankruptcy From Credit Report Legally

Many will argue removing bankruptcy from a credit report seems an impossible task to do since the chance of getting the blemishes arising from bankruptcy is very slim, and if you were only able to do so, you could only do that through illegal means. On the bright side, however, there are cases where some folks can get rid of the bankruptcy from their credit report and restore their creditworthiness. You can also follow their footsteps and get a little luck by jumping on their bandwagon if you understand your rights under Fair Credit Reporting Act.  How long does it take for a chapter 7 to be removed from credit report? The answer is TEN years!. If you don’t want to wait for ten years before they take the blemishes off your credit report , you can give the trick in this article a try. Remember though; you may succeed or fail in applying the tips outlined in this article as every individual has unique reasons for bankruptcy.

 

How to Remove Bankruptcy From Credit Report Legally

 

 

Deleting bankruptcy through legal means will definitively take more efforts and time than removing paid collections from the credit report. The chance of success depends heavily on your patience and usually put you in more arduous pathway than eliminating charge-off from your credit report. The efforts and time, however, will pay off once you get it clean entirely since you may have been aware,  bankruptcy can bring along lasting damage and will significantly lower your credit score by hundreds of points.

As we all know bankruptcy is a public record and you can’t take it off court records and. The strategy involves disputing the bankruptcy from the credit report issued by credit reporting agencies for the accuracy of your credit report.

Without further ado, here are step-by-step guides on how to get rid of the bankruptcy from your credit report :

Step One; Knowing The Basic Rules

As a rule, courts keep bankruptcy files in their records for two years; the data will then be transferred to other institutions who will archive them.

When an individual file a dispute an item in his/ her credit report, the collection agencies (credit bureaus) are the party that is responsible for contacting the courts for the bankruptcy records. As set out in FCRA credit bureaus will only have thirty days to verify the dispute and validate it within that period. In most cases, credit bureaus will have difficulty confirming the dispute within the short time frame since the bankruptcy files have usually been transferred and put for archival in other places.

 

Step Two; Ask You Local Court How They Take Care of The Bankruptcy Records

The next thing you need to do is contact the local court where you filed for bankruptcy and ask them where they send them and how long they keep the bankruptcy records before the send them for archival.

If you don’t get the answer from the local court, all you can do is you wait for two years before trying to contact them again.

After the waiting period is over, contact the local courthouse again ask them if they still keep your bankruptcy file or they have sent it elsewhere, have a close at your record if they still have with them. If the file has been sent elsewhere, the next thing you need to do is file a dispute with the credit bureaus on the same day. The credit bureaus will not be able to verify the information with the courthouse as the file is no longer kept by them. In most cases, courthouses keep two bankruptcy documents, one original and one copy. They very rarely if ever let outsiders check the original files. It is recommended. However, you perform a double check to make sure the file can’t be accessed or checked out. Another crucial step is to make sure you check if the electronic version of your bankruptcy can be checked out at once.

Step Three: Remove References and Other Items Your Bankruptcy

As mentioned above,  as a rule of thumb,  you need to wait at least two years before attempting to delete your bankruptcy. During that time make sure you remove all references and items in your past bankruptcy first. Removing the references is an essential step because credit bureaus will look into your old information related to your records. If you do not do the job correctly, credit bureaus will quickly jump to the conclusion that you did file for bankruptcy in the past.

Wait At Least Two Months or Three

Before disputing the actual bankruptcy, you need do homework first to tidy things up ;  1. Make sure you first dispute all other information/ items that have to do or referencing your bankruptcy with ALL three credit bureaus. 2. After doing so, wait at least two or three months you can proceed to dispute the actual bankruptcy. You may want to buy credit reports from all the three credit bureaus to make sure they delete items/ information related to the bankruptcy, especially the ” included in bankruptcy” items.

 

chapter 13 credit report wiped clean

Look for other Information to Dispute

To increase the odds of removing the bankruptcy from credit report you also need to pay attention to other information you can dispute on your bankruptcy file. They may include such information as incorrect names, social security number, filing date, asset liability, amount of discharge, docket number, court number, discharge date, bankruptcy type or anything else that will not be 100 percent accurate. Dispute the items by using vague/ unclear words such as “not mine.” DO NOT include your important information such as  ID number and credit report or. For instance, you can dispute by writing, “The bankruptcy entry with social security number Bla-Bla-Bla  is not mine.”

Credit bureaus will not be troubled with the outcome of your dispute as they are more concerned with not being inaccurate in their affirmations than delivering erroneous information.

If you fail in the first attempt to delete bankruptcy from your credit report, you can try a couple of months again after the first failed attempt. You have the chance to clean your credit report as other do, all it takes is patience and timing, Good luck.

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