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A bankruptcy can really cause havoc on your credit score and you want to remove it as quickly as you can.
Many lenders that see a bankruptcy on a credit score will decline you a loan even though you may be more than able to make the loan payments. You need to find the best information that you can so that you can effectively remove the negative bankruptcy from your credit record.
There are many people that will tell you that you ca not remove a bankruptcy form your credit score but the truth is that any negative item that appears on your credit score can be disputed. All items that show up on your credit report must be proven to be accurate and if they can not they must be deleted. The Fair Credit Reporting Act is your best friend because they make the reporting agencies accountable for what they report.
It is important to remember that filing a Bankruptcy is intended to give you a fresh start but it can also cause a lot of problems when it comes to getting a new loan for a car, or a home. You should dispute anything that is not accurate on your credit report because this is the only way you can keep your credit report accurate and up to date. You are responsible for taking your own report in to your hands and making it correct.
A lot of credit card bureaus are not that difficult to work with, but some are more difficult. Remember you have to be patient with them and make sure you do your follow up on information you send them. It can take some time to get everything corrected but it is well worth it in the end.
Author Source: Bryan Burbank
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