In this ebook you will learn how to remove a bankruptcy from your credit report. 
 
With myself being in the Credit Repair Industry it seems to me that negative items are often
avoided, even those who have good credit scores. These items are often related because of not
being educated or due to the unknown process of building and maintaining good credit. This
usually paints a picture of past financial mistakes regardless of, loss of income, being disabled,
divorce, taking care of a loved one, or just being irresponsible that was the probable scenario
committed by a consumer. The fact is, they are relying on you as a professional to remove these
derogatory entries in order to increase their creditworthiness and approval ratings.
Depending on the circumstances of inaccurate, incomplete, or unverified information reporting,
removing negative entries from a credit report is not too difficult but that will all depend on the
knowledge you may or may not have. Assisting your clients on cleaning up their credit report will
help them achieve a better credit score as well as a better than average looking credit report. The
appearance increases the opportunities for competitive mortgage rates, lower monthly and down payments, and possible better yearly terms saving your clients tons of money. Also, better
qualifications may be obtained with auto loans, personal loans, credit cards, store cards, and fuel
cards. A better credit score and report will also get all type of credit cards approved faster at a
competitive interest rate thus saving more money over a lifetime of each account opened. The key is to “maintain” that account month after month.
 
Once negative items are identified in a consumer’s credit report, you need to calculate the time
period for which these negative items will remain on a credit report. If you are dealing with items
like collections, charge offs, late payments, or foreclosures, or BANKRUPTCIES, you need to
follow techniques mentioned here to try and clean up your client’s credit report quicker than the
7-10 years reporting period. Removing a bankruptcy from a credit report is somewhat complicated because filing a bankruptcy is a legal action which dismisses you in part (Chapter 13) or in whole (Chapter 7) from your overall debts. A Chapter 7 bankruptcy filing remains on your credit reports for 10 years. A Chapter 13 bankruptcy filing will remain on your credit reports for 7 years. I recommend always filing a Chapter 7 because most who file a Chapter 13 usually do not follow through with the wage earner plan or they convert it over to a Chapter 7 because they could not afford the Chapter 13 payments.
 
Disputing a bankruptcy and getting it removed is difficult. It may be a waste of time disputing a
bankruptcy as “not mine”, especially when it really is yours and can be easily verified. However,
verifying disputes based upon facts is not as easy.
 
If a Chapter 7 Bankruptcy is filed, the consumer needs to make sure all creditors and accounts are to be included in the filing that may be listed on your credit reports as “included in bankruptcy.” If not, the creditors, late accounts, collection accounts and charge-off accounts will continue to be listed as payments due and owing and will severely lower your credit score very quickly.