How to Remove a Chapter 7 Bankruptcy From Your Credit Report

Posted on: December 14th, 2007 by admin

Even if you have never filed for bankruptcy, I suggest you bookmark this. You never know when tragedy may besiege your innocence.

Removing a chapter 7 bankruptcy from your credit report can be a very painful process (as you would imagine), but it is possible to do if you follow these steps. First, keep in mind that this may or may not work. As I have stated in previous articles, your individual situation will ultimately be the main determinate. Nonetheless, if you didn’t just file, this has a much better chance of working.

The first thing you need to do is dispute the bankruptcy with ALL 3 of the credit reporting agencies. See my article on the best way to do this here. If you’re lucky (extremely lucky), they will be unable to verify it and the bankruptcy will be removed. This is the best case scenario, but unlikely to happen.

If the bankruptcy is verified by the credit reporting agencies, you will need to send a procedural request letter asking them who they verified the bankruptcy with. See my example letters here. They will then respond, claiming that it was verified by the courts. No it wasn’t –the courts do not verify.

Next, as you might have guessed, you will need to contact the courts that were specified by the credit agencies. Ask them how they went about verifying the bankruptcy. They will say they didn’t verify anything. Ask for that statement in writing. After you receive the letter, mail it to the credit reporting agencies, and demand that they immediately remove the bankruptcy as they knowingly provided false information and therefore are in violation of the Fair Credit Reporting Act.

Hopefully this should do the trick and the bankruptcy will be removed promptly.

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Original article from: The Better Credit Blog - Credit help, Dispute forms, and Fix bad credit