After bankruptcy a credit report doesn’t automatically start to go up. My credit score was affected, as I expected it to happen, when I filed bankruptcy. What I didn’t expect was to have the same collections and charge offs being reported, still as collections and charge offs a year after my case was discharged. Not only did I have the bankruptcy but now I was still showing collections. It wasn’t until then that I really started to consider how long it was going to take for that bankruptcy to come off my credit report and it became obvious that I was going to have to address what was left behind.
I researched before I filled how long it would take for the bankruptcy to come off my credit report and if there was any possibility to have it removed. After doing this I was convinced that there was going to be at least a 10 year period that I was going to have to wait to see it come off my report and have a clean credit report again. Though it was tough to make the decision, I couldn’t continue to deal with the debt, the damage that it was doing to my family and I had reached its limit and I decided to file the bankruptcy.
My experience with having the bankruptcy removed from my credit report came by accident. I was addressing the mistakes on my report when I was told that the bankruptcy might be a candidate to be removed. Bankruptcy and a credit report usually go hand in hand, for ten years, by what I understood. The possibility of having it removed was news to me, being that I hadn’t considered trying to have it removed.
It wasn’t until I talked to a professional about my situation that I got some information that I missed while doing research myself. I also learned that I don’t have to wait 10 years to do anything with credit. I was under the impression that the black mark on my credit would prevent me from owning a home again and having credit for ten years. When I realized I could apply for credit in spite of the bankruptcy I was very surprised and hopeful of owning a home in as little as three to five years.
Don’t assume that a bankruptcy is the end of your credit report. There are options.
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As I mentioned above my bankruptcy credit report wasn’t looking very good. I had the BK and still the negative accounts. When I discussed it with the credit repair professionals, they told me I could have the mistakes taken off, not corrected. A correction still shows as a derogatory, it’s much better to have it removed. Which is what they assured me, they could get done.
My bankruptcy credit report now looks better with all the minor things removed. Yes the bankruptcy is still there but I know they’re working on getting in off. I’m giving it some time. If it doesn’t get done in the initial quoted time, then I’ll reconsider my approach. For now I’m grateful that there has been improvement and I’m getting back on track financially. If you want to try to remove the bankruptcy from your credit report, there are some good credit programs you can use like Credit repair magic. I opted for getting a free consultation from one of their experts and get the facts from them. That is what they do, after all. I didn’t have the time to learn and apply all the bankruptcy information.
It’s a great feeling to know I’m improving after all the months of feeling down and feeling like a failure. It’s not an easy decision to file bankruptcy and considering the bankruptcy credit report I was left with its easy to see why someone would be down. Getting the help I needed was crucial to not just my financial recovery but to my mental and emotional recovery also.
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Start by knowing whats on your credit report**
Many of us make a big mistake by ignoring our credit report after bankruptcy. Yes, credit’s probably the last thing on our mind and something we swear off for the rest of our life. We’ll at least while the wound is still fresh, so to speak. Yet there are a number of mistakes that are common everyday occurrences that we need to be aware of before we prolong the damage and expense of the bankruptcy.
First mistake I made, myself, after bankruptcy was to avoid seeing my report. I didn’t want to see it because I didn’t want to be reminded of how I failed. That’s what the bankruptcy meant to me. In reality, it was my only option but when you’re going through it you simply feel like a loser. Assuming that all is bad on your report is a safe bet but the purpose of the bankruptcy was to get a new beginning. By not reviewing my credit report after bankruptcy I was prolonging my recovery.
The second mistake I made was that once I got around to checking what was on my credit report and I noticed that there were many accounts reporting erroneously, I did nothing about it . A good year eight months after the discharge, I realized that things don’t get updated and report properly after the discharge. Some accounts were updated to show they were discharged in the bankruptcy but many were still reporting as collections and charge offs. I didn’t realize how damaging that was at the moment, until I started thinking of moving. I was being refused everywhere for an apartment and though I was upfront with them about the bankruptcy and they said it wasn’t a major issue. Once they reviewed my credit report and saw all those collections still showing they weren’t quite so sure it wasn’t an issue. I had to do something about it.
Those two mistakes cost me an additional 6 months of stress and troubles simply because they weren’t being reported properly. Check your credit report after bankruptcy and correct or delete everything that is being erroneously reported. The best option is to have bad accounts deleted. At the very least a correction will get you back on track.
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When I finally started to work on my credit report after the bankruptcy, I had allowed almost a year to pass by. I looked at many options to have my credit report improved but the best option for me at that time was to work on it myself. It made sense for me because the bankruptcy had cleared all of the bad accounts out and it was just a matter of having them report correctly. So I thought.
I bought the credit repair magic program after getting a few other programs like 37 days to clean credit and Credit repair secret code. After a quote from a credit repair firm of about one thousand dollars I figured I could buy a handful of credit repair programs and still save money. What I liked best about Credit repair magic was the self directed approach. Most of the work was already done and all I had to do was follow along. I also liked that I learned about having the account deleted instead of corrected. The correction would leave the account there and it was much better for me to have it removed. That became the focus and what I wanted to accomplish with my credit report after bankruptcy.
The 37 days to clean credit program and the Credit Secret Code were also good. I simply liked Credit Repair Magic because it was easy to use and it generated most of the materials I needed.
I would say to anyone to give Credit repair magic a try. It’s a good program, if you’re patient and follow along you will see results especially when you get around the 90 days.
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