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If there are items on your credit report that were not included in your bankruptcy how do you add them?

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2005-11-25 20:00:39
2005-11-25 20:00:39

Having a bankruptcy reopened to include debts is very difficult, it is usually only allowed if the BK has been ruled a "no asset" case. The ususal reason for reopening a BK, is non-exempt assets have been found and are of enough value to liquidate and the monies be used to repay creditor(s). Contact the bankruptcy trustee for specific information pertaining to an individual case.

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Yes, discharged debts are generally noted as "included in bankruptcy" on a CR.

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You can dispute bankruptcies and items included in bankruptcies the same as any other negative item on your credit report. You must submit a dispute letter to the credit bureaus stating why the item(s) are being disputed. The credit bureaus have 30 days to verify the items or it must be removed from your credit report.

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No, a BK does NOT remove negative items in credit reports.

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Included in bankruptcy accounts and collection items both stay on your report for seven years maximun per the fair credit reporting act. The answer is 7 years.

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Your credit score will go down drastically with a bankruptcy reporting on your credit reports. All your items included in bankruptcy will be reporting too. The best thing you can do is try to remove the bankruptcy by disputing it to the credit bureaus. You will also need to dispute everything that is included in bankruptcy. You will also need to pay your bills on time, get a variety of credit and begin a good payment history on your other accounts.

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You can dispute a bankruptcy to the credit bureaus. This gives them 30 days to verify it with the courthouse that filed it or it must removed from your credit report. This would only be the bankruptcy, not the items included in bankruptcy. You would have to dispute them separately. Answer No, a bankruptcy cannot be removed if you actually had one and it was discharged. Rather, it will "time out" after a set number of years. You can recover some credibility after a couple of years of paying accounts as agreed.

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No. The repossession will be its own listing. If is was including in the bankruptcy, it will be listed as 'included in bankruptcy' but it will still be listed as its own listing.UPDATE: Actually, you can force Equifax, Experian and TransUnion to remove a Bankruptcy from your credit report and you can do it legally using a federal law that is in place. Credit Bureaus MUST have "verifiable proof" of the "bankruptcy" in their files if they are going to report the negative item on your report. The dirty little secret the credit bureaus don't want you to know is that they do not have any "verifiable proof" in their files for any of the negative items on your credit report. The Federal Court that the bankruptcy was filed in may have this information on file but the credit bureaus don't. If you request the credit bureau to provide you with the "verifiable proof" that they have in their files they will remove the negative from your file.Not only can you get a Bankruptcy Legally Removed from your credit report but you can also get Foreclosures, Default Judgments, Tax Liens, Repos, collections etc...all removed. All negatives no matter how bad, how many or how recent ... they all can be removed legally!

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The bankruptcy will remain on the credit report until the required ten years has expired. UPDATE: Actually, you can force Equifax, Experian and TransUnion to remove a Bankruptcy from your credit report and you can do it legally using a federal law that is in place. Credit Bureaus MUST have "verifiable proof" of the "bankruptcy" in their files if they are going to report the negative item on your report. The dirty little secret the credit bureaus don't want you to know is that they do not have any "verifiable proof" in their files for any of the negative items on your credit report. The Federal Court that the bankruptcy was filed in may have this information on file but the credit bureaus don't. If you request the credit bureau to provide you with the "verifiable proof" that they have in their files they will remove the negative from your file.

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Bankruptcy may remain on your credit report for up to ten years. However, what is probably more important to you is the impact that bankruptcy will have on your credit options. That depends heavily on how you handle your finances and credit accounts after bankruptcy. Many bankruptcy petitioners who manage their credit carefully and make an effort to rebuild credit are able to qualify for traditional mortgages and car loans within about two years.UPDATE: Actually, you can force Equifax, Experian and TransUnion to remove a Bankruptcy from your credit report and you can do it legally using a federal law that is in place. Credit Bureaus MUST have "verifiable proof" of the "bankruptcy" in their files if they are going to report the negative item on your report. The dirty little secret the credit bureaus don't want you to know is that they do not have any "verifiable proof" in their files for any of the negative items on your credit report. The Federal Court that the bankruptcy was filed in may have this information on file but the credit bureaus don't. If you request the credit bureau to provide you with the "verifiable proof" that they have in their files they will remove the negative from your file.

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Bankruptcy information (and other legal actions like judgments) may stay on a credit report for up to ten years after the fact. If your credit report still reflects a bankruptcy after ten years, create a dispute/update request with the associated credit reporting company and include proof that the bankruptcy is older than ten years old (the state record of the original date of bankruptcy action is typically all of the proof one needs). Negative items (including home loans that may have been forgiven) may stay on your credit report for up to seven years after the occurrence, regardless of bankruptcy status. Similar to the process above, if there is negative information on your credit report after seven years, one can request an update/modification of the credit report by providing appropriate proof.

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All reportable items with the exception of bankruptcy will stay on your report for 7 years from the date of the reportable occurance.

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After 1998, the only new information that the creditor should be reporting is that the debt was included in the bankruptcy. The debt is nearly 7 years old anyway and should drop off your credit report by the end of 2005. Visit the website for the Federal Trade Commision and you will see they they have very helpful information on how to dispute items like this on your credit report.

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Like other credit items in your history (other than bankruptcy) it will remain on your credit report for 7 years. You may be able to have it removed sooner if it is not documented properly.

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{| |- | AnswerSome things like filing for a bankruptcy never come off easily from your credit report as such an incident is considered as you are not able to manage your finances and lenders later see this as a risk.|}

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Get your disputed items cleared and marked paid before you get started on the loan. Having derogatory items on your credit report will affect their opinion of your credit worthiness.

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Credit scores can increase or decrease monthly depending on when your creditors report items on your credit report. Typically creditors only report items to the credit bureau every two to three months, but if you make a late payment of 30 days or more delinquent they report monthly.

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By disputing negative or errorenous information on your credit report. You can do it yourself or hire a reputable credit repair firm.

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Any account included in a bankruptcy remains on your personal credit report for a maximum of 7 years from the date the bankruptcy was filed. The bankruptcy itself, listed in the public record information section of a credit report, remains for either 7 years from the filing date if it was a Chapter 13, or 10 years from the filing date if it was a Chapter 7, 11 or 12. Source: ExperianMore Information:A bankruptcy can be removed from your credit report. I know two people who have done it.Basically how credit repair like this works is you, or attorneys you hire, challenge negative marks on your credit report. The Fair Credit Reporting Act - - gives you the right to dispute anything on your credit report. Once the credit reporting agency contacts the creditor to verify the account they have 30 days to respond with verification. If they do not respond the mark is removed. If they do respond you can challenge again and ask for real proof. I don't know the details of what is required but it can get to the point where they have to provide signed contracts, a list of all payments and bills, etc. What usually happens is the creditor does not respond and it is removed. The same is true of a bankruptcy, often the court does not get the information to the credit reporting agency so the bankruptcy is removed.That doesn't mean they can definitely remove a bankruptcy, or anything else. They may or may not. Obviously if the mark on your credit is not accurate it is a lot easier to have taken care of. I had credit issues caused by id theft that I was unable to do much about, but a credit repair agency quickly removed all the negative items and increased my score over 200 points. I know others who had legitimate bad marks, they seem to be able to get most of them removed but not all.Of course, this doesn't remove the actual bankruptcy, or any debts owed. It just removes them from your credit reports

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Here is the question, was the judgment placed under the bankruptcy? If so, you can dispute the items as part of the bankruptcy. If not, it is a separate entry and has the right to stand on it own.

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In the majority of situations, bad credit items are supposed to fall off your credit report after 7 years, HOWEVER, this doesn't always happen. After the fall of date has passed, it is best to get a copy of your credit report to insure that negative items have been removed. Know your rights and get a Free Copy of Your Credit Report from the credit bureau

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The bankruptcy proceedings remain on your credit record for 10 years. During this period, it is very difficult to reestablish credit and borrow funds for items such as a new car or home.

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By depositing the value of the negative items, you'll get your account balanced and the negative items will be removed.

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When a derogatory item is removed from your credit report, them yes, your score increases. If you have a credit account with no derogatory items (late payments) and you close it, then your score is likely to decrease.

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Experian is one of the three major credit reporting agencies that issues credit reports. While the other two, TransUnion and Equifax only issue personal credit reports, Experian issues both business and personal credit reports. Consumers can get a free Experian report once each year. Most experts advise consumers to get their credit reports from all three agencies at least once per year. Not only is this a good idea, but it is free, and you can access all of these reports online. Consumers who have never seen their credit report before may wonder what is contained in the report. Realize that this information comes from the companies with which you do business. Experian is the credit agency that creditors report to; they do not produce the records that comprise your report. In addition, not all companies that you do business with may report to Experian. They will only have the records of the companies that do report to them. Information about each of your accounts that have been reported to the agency will be included in your credit report. This report can contain both positive and negative information. Details such as how much you owe, the monthly payment, whether you pay on time, and how old the account is will be included. In addition, your residential address will be included in your report, along with information detailing who has requested your credit report. Your name, social security number, and employers will also be listed on your credit report. If you have disputed something on your report, this information will be included as well. If you have declared bankruptcy in the last few years, this information will be on your credit report, as well as any civil judgments against you. Experian offers other services in addition to issuing credit reports. For example, if you want your credit score, there is a fee, but you can also obtain this from Experian. They also offer credit monitoring services. Consumers pay a monthly fee for this service, which includes daily monitoring of all three credit reports, in addition to email alerts when anything of importance changes. Another important thing to know about an Experian report is that you can dispute items contained in your credit report online. After requesting a dispute, you will be able to view the status of the dispute and the result once it has been settled. The ability to go through the credit report dispute process online makes the procedure go much faster.

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It is my understanding from the answers here that each item on your credit report remains separate, and if it was handled by the BK, that is noted (to show while never paid, it is no longer owing). The BK itself is reported too. Understand, the Court may discharge your obligation to pay the debt, but no creditor has to say it is OK, you paid, or even you did what you said...it wasn't, you didn't.


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