I had a few judgements that were supposed to be removed from my credit report when I filed for chapter 7 bankruptcy, but 2 of them are still on there. How do I get these removed, like who do I contact. One I had contacted someone before and they said they were going to remove the item, yet they haven't and it is being reported on all 3 agencies which I am sure is bringing my score down. The other one is only on my experian, but it should have been removed once I declared bankrupcy right. There was also a collection that was never removed. All three of these items are on my discharge report and my report when I filed, so they should be gone right. Any info would be greatly appreciated.
2007-08-16 18:38:40 · 7 answers · asked by m 2 in Business & Finance ➔ Credit
The bankruptcy will be there for 7-10 years. The goal at this time is to rebuild your credit. If you still owe, make payments to pay off your remaining debt. Continue, showing your evidence. Not everyone that you went bankrupt on, have to except your decision. The option is theirs and not yours. I won't swear to this feedback, but....maybe it would be wise to speak to a bankruptcy lawyer?
2007-08-16 18:49:07 · answer #1 · answered by marti 3 · 1⤊ 1⤋
When you file for a chapter 7 bk your debts are discharged, meaning you don't have to pay them anymore. However they are NOT removed from your report. They are supposed to be marked as "included in chap. 7 bk" and reflect a zero balance. They can remain on your credit for 7 years from the date of the bankruptcy. Yep, you kind of reaged these accounts. They generally still come off within the original 7 years though. Honestly, them being marked as included in bk doesnt help your credit much. The fact that a negative reporting ever took place is considered in a fico score, and the fico score is used to determine pretty much every credit transaction.
Here is what you need to do. Go to annualcreditreport.com
You can get all 3 of your reports (transunion, equifax and experian) for free as required by law once a year. Review all of the reports for errors first - accounts you may not recognize, reporting incorrectly etc. Now this is the important part. As per the FCRA (fair credit reporting act) you have the right to dispute any information in your credit file. You can do this online with all 3 bureaus. And under the same act any item that is incorrect, outdated, or UNVERIFIABLE (key point) must be removed. Now when you file a dispute, the creditor or collection agency has 30 days to respond to the dispute. If they do not respond the item is removed. Being as you filed a chapter 7 many of your old creditors will not take the time to respond and you can get these items removed. If you dont succeed the first time, try again. If you need more info or help, feel free to email me through yahoo answers. Credit repair is easy and you can do it all on your own with the right information.
2007-08-16 20:56:55 · answer #2 · answered by Bobbie 3 · 2⤊ 1⤋
These should still be on your credit report for 10 years but should be marked that they were discharged in bankruptcy. If they still show as if they are collecting then dispute this with the credit bureau. It may take having a copy of the bankruptcy papers showing all debts that were discharged. If you don't have a copy of this you can check with the court and they can tell you how to obtain a copy of your court case. I just had to go through this and it was taken care of. After 10 years it will all be removed from your credit report. Good luck!
2007-08-17 06:16:55 · answer #3 · answered by Blaze 2 · 0⤊ 1⤋
I had the same problem. What you have to do is write each credit bureau a letter stating that these charges were included in your bankruptcy. Make a copy of your discharge report and attach to each letter with the items highlighted. According to my lawyer at the time he said it was against the law for them to do this (leave it on the credit report). If you used a lawyer I would contact him/her and explain to him/her what is going on. My lawyer finally had to call and send letters threatening to sue if it was not removed. One last thing I filed 7 years ago my credit score is now at 760 so hang in there you will get through this.
2007-08-17 01:01:01 · answer #4 · answered by tnthauler 2 · 0⤊ 1⤋
When your bankruptcy was discharged, it made all of your judgments null and void.
The judgments will probably remain as open judgements and remain on your reports unless you get the judgments vacated with the court that holds them.
File motions to vacate the judgments in civil court. Once they are vacated, wait a few months and then dispute the public records
As for the collection, if it is reporting correctly then there isn't much you can do. Reporting incorrectly would include - reporting as a charge off, with a balance, past due, lates, reporting dates "after" your bankruptcy filing, etc
2007-08-17 00:04:44 · answer #5 · answered by echo 7 · 1⤊ 1⤋
When you file bankruptcy, any accounts that you included in your filing will still show up on your credit report. However, it should be noted on the credit report that the accounts were included in the bankruptcy. The bankruptcy, and all related accounts, will continue to show on your credit report for at least 7 years. In the meantime, you need to work to rebuild your credit and replace the negative accounts with positive ones with good payment history.
2007-08-17 02:31:50 · answer #6 · answered by Christie 4 · 0⤊ 1⤋
Hi,
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2007-08-17 02:01:34 · answer #7 · answered by Anonymous · 0⤊ 2⤋