How to Remove a Bankruptcy on Your Credit Report

By
Mortgage and Lending with Indigo Financial Group Inc.

Having a bankruptcy reported in your credit report can make things difficult for you especially when you apply for another credit. For obvious reasons, creditors are wont to conclude the worst once they learn of the information and are likely to deny your application outright. Worse, many people will tell you that it is impossible to remove bankruptcy from your credit report. The truth is, you can dispute a bankruptcy as well as any other types of negative mark on your credit report. By bringing this up to a credit bureau, the information will be disputed and subsequently, if the information cannot be verified, would be taken off from the credit report. In this process, there is no need to formulate untruths because disputing a bankruptcy is legal and part of your rights as a consumer. Still, you should be aware that credit bureaus may differ in style and manner by which they handle a dispute. Those who have undergone the process of removing bankruptcies are now probably aware that most credit bureaus do not usually personally investigate public records when responding to a dispute, although they claim that they have a system to handle verification, usually electronically. If taken to court for keeping bankruptcy on your record without actually verifying the account, the credit bureaus would be subject to sanctions. Based on my own experience, a bureau that refused to remove a report on bankruptcy claimed to have verified the records electronically. But my question was left unanswered when I pressed to verify if my record was personally checked from the local courthouse. This now becomes another point for dispute. Apparently, some credit bureaus are hard to deal with. Some credit bureaus can be stubborn and determined to keep accounts of your record regardless of their accuracy or their inability to verify this information. Not surprisingly, these credit bureaus have become the subject of numerous cases filed by disputers who sought for financial compensation for damages arising from their propensity of keeping the bankruptcy on record without verifying the account. But, however they may go about it, it is important to remember on your part to always be truthful when communicating with them. In the same manner that, whether it is your own or anyone else’s report, it is the credit bureau’s job to verify and prove its veracity. Such is the high trust and confidence bestowed to credit bureaus that if they act inappropriately and continue to violate federal law, they risk facing an unsympathetic judge in court. To learn more about and other negative items from your credit report, visit us at the credit repair authority site today! 

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