You Can Improve Your Credit
Report Rating Quickly and Legally!

Blatantly displayed bankruptcies and repossessions can decrease your credit score by several hundred points. A bankruptcy report stays on your credit report for 10 years, and repossessions can remain for up to seven years. To get rid of these two pesky items in your credit report, you will need to verify that these statements are no longer valid. A bankruptcy claim and repossessions appear in your credit report even after they are settled because although the creditors have wiped off your debts, the credit bureau still had those records with them.

You can dispute the bankruptcy statement and make arrangements for the complete settlement of your loan in the case of repossessions. Many people believe that it takes either a lot of time or money to get either of these alerts off of their credit report. It is true that you can hire a lawyer to handle this, but you can also do it yourself by following some effective steps.

First, put together a folder containing your driver's license, social security card and Schedule F (schedule of debts from your bankruptcy petition). Make three copies of these documents, one each per major credit bureau.

Proceed to dispute resolution by contacting the bureaus via postal mail. While all of the three bureaus provide dispute resolution online and via telephone, it's best to get everything in writing, hence the recommendation to opt for written mail. Send a copy to the proper address, including a request describing how each creditor listed as active in your credit report was in fact included in your petition and therefore, should be removed from your current credit report.