Credit Dispute letter bankruptcy

When disputing any accounts you do not want to do too many disputes at once or while your in a dispute with a tradeline, I've gotten better results then credit repair professionals by being careful how I dispute my items and what I dispute.

Realize that disputing your bankruptcy first is a bad idea, even if you had success on your first attempt you will destroy your credit scores with other negative items present.


Why is that, I thought you said Bankruptcy is bad?

Well it is bad but you need to understand that when a bankruptcy is removed it also means your fico scoring is going to put you in a new credit scoring bucket.

What is this bucket you speak of?
Think of it like this, you are being judged by your credit with other people who have bankruptcy and negative items, if you remove your bankruptcy they put you in to be judged by people who have no bankruptcy or no negative items at all. How well do you think you would look against people with perfect credit? Guess what you'd probably be a 450 fico score at the most...

Keeping your bankruptcy on your report until you get all your negative items off it will be the best thing you can do.

Also realize that you have to build up your credit before that bankruptcy is removed otherwise you cannot expect too much of a score increase and most likely a decrease. Knowing the right mix of getting those items on your credit is a challenge but reading my blogs will help you.

So how long do Bankruptcy Chapter 13 and 7 stay on my report?
A Chapter 7 stays on your credit report for 10 years from the date you FILED. Yes the date it was FILED.
A Chapter 13 stays on your credit report for 7 years, but if your chapter 13 was dismissed guess what Equifax will keep it on your report for 10 years from the date FILED.


Now getting to the issue at hand, how can I remove this sucker?

Bankruptcy will be rejected if your report has any accounts which state "Included in Bankruptcy"...
        How would the credit bureaus remove them if your accounts are setup as included and you expect them to remove i t bahahahah yeah right.
Make sure before you go disputing this that you've got no accounts included in bankruptcy otherwise your wasting your time and just going to be marked as a fraud dispute.

Review the details of your bankruptcy filing date, docket #, place you filed bankruptcy etc... If any of those items are wrong you can dispute and get the entire thing removed.

When disputing you want to emphasize the facts and let them correct it by doing a delete. Don't give them documentation otherwise they will just update the details. The goal here is to get the items removed not updated.

There is a another method to getting it removed which I cannot state here for liability reasons etc... I'd be willing to help you if your interested though just contact me by going to my website on the left side of the screen.

Remember that there is an order to dispute it, you wouldn't want to first dispute by docket # but that the bankruptcy is not yours to begin with, only of course if it really doesn't belong to you.
The order should be Not Mine, Wrong Filing Date, Wrong Docket #, Wrong Bankruptcy Location Filed, Wrong Bankruptcy type etc...


Sample Dispute Letter for Bankruptcy

[Name]
[Address]
[City,St ZIP]

Social Security number: [XXX-XX-XXXX]
Date of birth: [XX/XX/19XX]

Equifax
P. O. Box 740241
Atlanta, GA 30374-0241

01/01/2007

Dear Credit Bureau,

           I noticed that the Bankruptcy Docket #12345 is incorrect on my credit report and I demand that you remove this public record off of my report now. This is the second letter I've written to you about this issue and you have not resolved this matter. Your destroying my credit and score because of this error, please remove this record asap it's not correct.

I've consulted with my lawyer and will sue you if you do not comply. [Insert all FTC Law sections depends on what your disputing]

I've sent this letter by certified mail and you've got 30 days to reply. 

Sincerely,

[Name]

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Send the letter by certified mail, you won't need the return signature it's a waste of money. 

Make sure you keep copies of what you send and when you sent them and store the documents in something like google docs or in your file cabinet.

Good luck and remember I'm here for your help if you need me.