A blemish on your credit report, such as filing bankruptcy, can (except in special situations) stay on your credit record a maximum of ten years. But, generally after seven years you can legally have it removed from your credit report. It is the law that these derogatory marks on your credit can be removed by credit reporting agencies and the creditors that report the information.
Is it possible to fix your credit report after bankruptcy or do you have to wait the seven to ten years to pass before your credit report comes clean? There are many things you can do to start fixing your credit report after bankruptcy and one of the positive sides to filing for bankruptcy is that you are debt free. Take this time to pay cash, save for big purchases and create a budget that you are able to live with. It may take a little time and continued diligence to live within your means, especially if you are used to having a line of credit for purchasing power, but if you stay determined, you can start to re-build your credit history and your credit score rather quickly.
Even though bankruptcy can remain on your credit report for up to 10 years, its effect on your credit score can start to subside the day your case is closed - if you adopt smart credit habits such as paying your bills on time, using only a small portion of your available credit and not applying for more than one credit card. These are all aspects of rebuilding your credit score, so in the future if you want to apply for credit for your dream home or your dream vehicle, it will be possible to gain credit at a respectable interest rate.
When you are finally at the point where you can have the bankruptcy removed from your credit report, the best place to turn to for help is Credit Elves. They can provide you with the sample letters you need to contact the three major reporting agencies. The people at Credit Elves realize that each case is an individual and can provide you with the customized attention to detail that you need to get each of these agencies to remove the outdated information in a timely manner.
At Credit Elves, there are three levels of service that you can choose from. Repairing your credit has never been easier with our proven system that is every bit as successful as any credit repair agency program. You will be making the dispute on your own behalf, which is a far better choice as the credit agencies are reluctant to deal with credit repair agencies. We make it easy for you to customize your correspondence so that each credit bureau takes your request seriously and responds in a timely manner. Fixing your credit report after filing bankruptcy can be done, and the process can be a little less painful when you choose Credit Elves.