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How to Protect Yourself From Identity Theft
How to Obtain a Personal Loan After Bankruptcy
How to Apply for a Visa Credit Card
How to Remove Bankruptcy From a Credit Report
Tips for Paying Off a Vehicle Loan
When Can a Bank Foreclose?
What Are Charge Cards?
How Long Does It Take to Foreclose on a Home?
Letter to Close a Bank Account
Is Bill Consolidation a Good Idea?
Where to Get Loans After Filing Bankruptcy
About Visa Cards
Is a Student Card a Good Idea for a First Credit Card?
Pros & Cons of Short-Term Loans
Difference Between Short-Term & Long-Term Intermediate Loans
Filing for bankruptcy involves choosing between a Chapter 7 or Chapter 13 bankruptcy and should be done wi… More
Chapter 11 bankruptcy is typically a corporate re-organization case in which the corporation identifies th… More
Chapter 11 of bankruptcy is part of the United States Bankruptcy Code. The law establishes the fundamental… More
What can you do when debts and bills are piling up and no money is coming in, your business is failing and… More
There are a number of different types of bankruptcy cases that can be filed in the United States. Two of t… More
After bankruptcy, a person can start rebuilding their credit immediately by acquiring a credit card and pa… More
Rent a house during bankruptcy by gathering a copy of the lease and obtaining permission of the Chapter 13… More
The myth that it's impossible to buy a home after filing a bankruptcy is simply not true. It won't happen … More
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was the most significant revision to t… More
Bankruptcy cannot be removed from a credit report unless it was erroneous, and typically, it takes seven t… More
After filing for bankruptcy, most people will be able to get a secured credit card, as long as the bankrup… More
In personal bankruptcy matters, both federal and state laws apply, but the requirements for commencing a b… More
Summary: Bankruptcy cannot be removed from a credit report unless it was erroneous, and typically, it takes seven to 10 years for a bankruptcy to disappear from a credit report. Discover how foreclosures can also damage credit reports with help from a financial adviser in this free video on credit scores and bankruptcy.
Ted Schmidt has spent the last 21 years as a financial strategist and consultant. He is active in the Hendersonville Chamber of Commerce and the Real Estate Investors of Nashville.read more
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"How do you remove a bankruptcy from a credit report? The answer is, you don't. It's there, it happened, it's real. If it was erroneous, of course you can always get it removed. But typically that type of event is going to remain on your credit report for a minimum of seven years and in some cases ten years. Foreclosures likewise are damaging to a credit report but the good news is the further out you get from the event, the better it is. Here's the difference between a chapter thirteen and a chapter seven. A chapter seven bankruptcy is once and done. A chapter thirteen is where you pay your creditors back at some agreed upon rate and that can last two, three, four, five, six years. If you have a choice between a thirteen and a seven, from the standpoint of reestablishing your credit you're better off in doing the seven because then it's once and done. The thirteen is the more noble thing to do, you've paid off your credit card and your mortgage or whatever else may be, but it puts you in suspended animation as far as getting credit is concerned, the whole time you're inside the thirteen. It's like you're you know, in suspended animation, your life can't go forward. People find this out after the fact. So if you have legal options and you can repudiate that debt, doing a chapter severn my suggestion would be go ahead take that chapter seven, get done with it and go forward and get your clean slate going. So there's no way of removing, now if it stays on your credit report longer, for a longer period of time then that, you can certainly contact the credit card companies, file a complaint in writing and they'll have to remove it. But by law it needs to stay on at least seven years."
eHow Article: How to Remove Bankruptcy From a Credit Report
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.
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