Can I Remove Bankruptcy From My Credit Report? Here’s How

 

remove bankruptcy from credit report

If you have recently been declared bankrupt and want to rebuild your credit, it is essential that you regularly check your credit report to make sure that all of the details are correct. In reality, we all need a good credit score. This is true for almost any goal involving financing, including buying a home or car. A low credit score can result in high-interest rates and worse terms overall, which means that you’ll pay more just because of your score.

Declaring bankruptcy can actually be a good way to help start over and rebuild your credit. You might be wondering, however, if it negatively impacts your credit report and what you can do to minimize the damage. While a bankruptcy on your report isn’t a great outcome, it’s also not one that is insurmountable. If you use the bankruptcy as a chance to rebuild your credit and create a stable financial situation, you will find yourself in a much better situation than you were before filing.

With that said, can you remove bankruptcy from credit reports? Well, yes and no. Let’s take a closer look at bankruptcy and how to build a solid credit report.

How can I remove bankruptcy from my credit report?

To put this simply, you can’t remove a bankruptcy from your report until enough time has passed. They typically stop being reported seven to ten years after they are declared, which means that you should have a “clean” credit report after that time has passed. You don’t have to do anything out of the ordinary to remove the bankruptcy, in other words, because it’s something that typically happens automatically.

Know Where You Stand, Financially

Aside from removing a bankruptcy, there are things you can do to keep tabs on your report and raise your score. Pull your credit report (free once every 12 months). Verify and establish the accuracy of the details and correct them if and when the need arises. Keep in mind that it is your legal right to dispute any and all entries on your report if they are inaccurate.

Be a Cautious and Informed Borrower

While it is always the case that lenders generally opt to not do business with many people who have had bankruptcies in the past, many do give them the option to take out loans just a month or two after a bankruptcy has been filed. Don’t be tempted. Instead, research debt agencies who are able to work with you without taking advantage of your current situation. When you find one, check their credit guidelines. Also, take into account what interest rate you can afford to pay.

Always Make Payments on Time

Constantly make payments early, if at all possible, but on-time if not. Avoiding making payments late shows lenders that they can be comfortable doing business with you post-bankruptcy. Keep an eye on what you are spending and make it a priority to keep your debt to income ratio low.  


For more information about how you can remove bankruptcy from your credit report, contact Go Clean Credit to get back on the right track. We have many credit repair programs that are available to help you overcome your credit situation and place you back on the path to financial success. Real credit restoration is not a one size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.

We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others. Help is just a free phone call away or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today!

5 Simple Strategies for Fast Credit Repair

5 Simple Strategies for Fast Credit Repair

More than 35 million Americans have a less than perfect credit score, and some of them have scores that dip below 600. This can be detrimental for a number of reasons, including making it difficult to find lenders to approve business as well as personal loans. It’s worth noting, however, that repairing your credit score doesn’t have to be a challenge. There are a few simple steps to follow that make fast credit repair a reality. Stay calm and take a look at the five simple strategies below to help boost your credit score as quickly and easily as possible.

Get a Copy of Your Credit Report

You are entitled to a free copy of your credit report, so make sure to take advantage of that offer and request yours as quickly as possible. Carefully look it over and identify any mistakes. If you find any, write to the agencies in charge of the debt with all supporting information substantiating your refutation. Take note of the debts that are correct, too, and use them to help begin your credit repair journey.

Resolve and Close Any Collection Accounts

Start working your way up from the smallest debts owed to the bigger debts owed, paying them off as you’re able. Do not agree to pay them off completely, however, until you have an agreement in writing that the debt collection agency will remove the account from all of the credit score reports it shows up on.

Apply for a Secure Credit Card

If you are unable to obtain a credit card, another fast credit repair tip to consider is to apply for a card with a small secured balance through a credit union or local bank. You basically put your cash in a savings account that is held as collateral for your credit line. Use the card sparingly and pay it off monthly.

Make a Budget

Once you have a handle on your debts and the order in which you’ll pay them off, it’s time to create a realistic budget. How much money do you need to cover your essentials every month? This includes the necessities like your rent and your car payment, but maybe not extras like the high-end cable package or multiple dinners out a week. Cut your expenses down to the bare minimum and apply everything possible towards paying off your debts. You can splurge once your finances are back on track and you have the money to spare.

Don’t Get Rid of Older Credit Cards

Older credit cards add more value to your credit rating score than newer cards. If you must get rid of a card or two, make sure it is one of your newest ones. This will showcase you in a better light.

Fast credit repair doesn’t have to be a dream. It just takes some planning and dedication to help raise your score. If you’re looking for a little extra help, don’t hesitate to reach out to the professionals at Go Clean Credit, too!


For more information on the best credit repair companies, contact Go Clean Credit to get back on the right track. We have many credit repair programs that are available to help you overcome your credit situation and place you back on the path to financial success. Real credit restoration is not a one size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.

We have fixed price programs that get you back on track in as little as 5 months, debt resolution solutions, programs geared toward people who have had recent short sales or foreclosures and many others. Help is just a free phone call away or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today.