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How do you dispute taking off bankruptcy on your credit report?
Wiki User
∙ 18y ago
THE ONLY POSSIBILTY THAT YOU HAVE ON RESOLVING A BANKRUPTCY IS TO MAKE SURE THAT THIS IS A DEBT THAT WAS DISMISSED. BANKRUPTCIES TAKE SEVEN YEARS FROM THE DATE THAT IS WAS FILED IN ORDER FOR THIS TO NO LONGER AFFECT YOUR CREDIT RATING. Bankruptcies remain on a credit report ten years from the time of discharge. A dismissed chapter 7 will remain ten years a dismissed chapter 13 will remain seven years. If the time has expired for the bankruptcy to be removed from the CR the person should write a letter containing all pertinent details including a copy of the date of the BK discharge or dismissal. Valid negative information of a credit report cannot be removed until the prescribed time limit has expired. Positive entries will remain an indefinite period of time, in some cases permanently.
Wiki User
∙ 18y ago
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How can you find addresses or phone numbers for old creditors you find on your credit report so that you can either pay them or dispute them?
At the end of your CBR there should be a list of the names and addresses (sometimes phone number) of all creditors involved in your CBR. Most of the time they can be contacted that way. If they have no phone number I would reccommend taking the info you do have and searching the web.
Will the bankruptcy court take a tax refund after your bankruptcy is discharged?
Usually not. Your bankruptcy petition will ask you for information on whether or not you received a tax refund for the year prior, but they don't usually track you afterwards to find out if you got a refund after your discharge. You are applying for a clean financial slate, and taking away your refund would negate that purpose. If in doubt, check with your bankruptcy attorney for more clarification.
What are the main uses for a credit card imprinter?
A credit card imprinter is capable of taking a carbon copy image of a credit card. Its main use is in situations where the magnetic strip is not recognized.
Is receiving cash as a commission for acting as rental agenting an apartment credit or debit?
A credit, if you were taking money out of an account to pay a commission that would be a debit. So we have learned a credit is-money coming in and a debit is-money going out
What is journal entry to taking funds to reserve account?
[Debit] Net income account [Credit] General Reserves
How will taking a car back to buy here pay here affect credit when they do not report anyway?
If they don't report, then you don't have to worry about it affecting your credit.
After bankruptcy no longer is on your credit report after 10 years does your credit score immediately improve?
If by then, the consumer has establised a good payment history it may. Bankruptcy is forever. Regardless of the removal from a CR, there will always be record of it, and it can continue to cause a consumer financial problems. The previous answer is actually quite misleading. In terms of credit and credit reporting, the bankruptcy coming off will immediately improve your score, usually in the neighborhood of 75-150 points. Of course a lot entails what you did with your credit since the bankruptcy was discharged. As far as "bankruptcy being forever," yes, there is a public record out there. And yes, it could hurt you in terms of gaining employment at a high salary or taking out a high-end mortgage on a house. In terms of car loans, credit cards, low-end house mortgages, etc., the bankruptcy will have absolutely no bearing on your situation. Good luck.
Will balances still appear on your credit report after taking out a loan for your sister and letting her use your credit cards if she can't get credit on her own and you have to co-sign?
Yes, as a cosigner you will be responsible for the debt, so it will reflect on your credit report.
What do credit reporting agencies report and to whom?
Credit reporting agencies report your credit activities, such as paying bills on time, taking out a loan, etc. They keep track of this and make it available to anyone who requests it.
Once the bankruptcy has been discharged how do you get the creditors that you filed bankruptcy on to show as satisfied or closed on your credit record?
First, get your discharged letter from the bankruptcy court and send it to the credit agencies. No matter what you have put in your bankruptcy, it will not come off your credit report until the bankruptcy is taking off. Make sure you keep all your bankruptcy records that list all items. Soon as I was discharged from my Chapter 13 the very next day my credit score went up very high. Anyone claiming they can remove or change the accurate history of your past should be considered a scam artist. As all conumer affairs and agencies keep on trying to make everyine aware of. YOU can improve your future, but the past is and will remain what it is . Bankruptcy, on a credit report will remain for at least 10 years. In fact, credit reports are provided by indepndent, private companies that are paid to report things they can find. Most requests follow a standard format which ask for it as above. However if someone requests a history for a longer time, they are happy to do so, for a fee. Your BK as a Federal court record, is available and on record for an almost perpetual period of time. No one (except the BK court and judge) can have that history changed or expunged. Period.
Can your old creditors still make entries on your credit report after the bankruptcy has been discharged?
Yes, they can. The real question is, why would they want to? It costs creditors to place (and to update) information on the credit bureaus. If their debt was discharged through your bankruptcy, the only entries they should be making are to "clean up" the account and mark it as "discharged" or "included in bankruptcy". All other negative information needs to be removed from the tradeline so that this no longer impacts your credit score. (You are already taking a huge hit to your score for the legal action) If this has not happened, perhaps this particular creditor has not been notified that their account was discharged. Either you or your attorney needs to send the creditor a copy of your bankruptcy papers and request that they update the credit bureaus accordingly.
You were waiting to receive a credit card it was taking way to long to get to you so you canceled it will this be bad for your credit?
It most likely will not hurt your credit to much, When you apply for credit it shows as an inquiry on your credit report. To many inquiries is bad. And opening an account and closing it right after shows instability to your credit report and it sticks there for 7 years.
how to raise credit after bankruptcy?
I would say taking out small loans and paying them off before too much interest has accumulated. Apply for a credit card, buy something, then pay it off on your first statement.
Not taking sides in a dispute?
Neutral
If your debt with a judgment against you has been sold can the judgment still be on your credit report from the original creditor effecting your credit report twice?
No, it's the same account and the new creditor is simply taking over the same rights as the original creditor.
What options are available to those refinancing after bankruptcy?
The rule for refinancing after bankruptcy is that you should wait 10 years after filing bankruptcy even chapter 13 so that the bankruptcy is off of your credit and you can get a better chance of getting the refinance. You could try before it's removed but you will have difficulties.
What steps need to be taking in order to remove a repo from your credit?
Negative information on credit reports cannot arbitrarily be removed. They must remain on the report until the specified time limit expires. The expiration time for respossession is generally seven years. The consumer has the right to appeal/dispute an entry if they believe it to be invalid. The claim must be made in writing, with supporting evidence to prove the entry is inaccurate.
