For those who have had to declare bankruptcy, you already know that this is one of the most damaging marks that you can have on your credit report. Many creditors consider it a “deal-breaker” when considering credit applications.

The two most common types of bankruptcy are referred to as “Chapter 7” and “Chapter 13”. A Chapter 7 bankruptcy may display on your credit for 10 years from the date of filing. Chapter 13 may stay for 10 yeas also, but it is customary for those to be removed after 7 years.

Either way, bankruptcies stay on your record for at long time. If you want to improve your chances of getting credit in the future, you should consider trying to do some bankruptcy repair.

It doesn’t matter if everything else on your report is perfect, as long as it’s showing that you’ve filed for bankruptcy that flaw is going to stick out like a sore thumb and you’re going to have problems trying to get any sort of credit. If you have any hopes of restoring your credit to what it once was, you’re going to have to find out everything you can about bankruptcy repair.

You can consider consulting different services that specialize in bankruptcy repair. You can often find a lawyer who will represent you through any proceedings or hearings. These days, you can even find a treasure trove of information online, including step-by-step guides to do it yourself.

While it is difficult to remove bankruptcy information completely, there are credit repair companies that have had success doing this. More often, the information can be cleaned up and updated, adding explanations that will be included in your credit report.

There are also legal firms who specialize with bankruptcy repair as well as other agencies that will repair your credit listed on the internet or through yellow pages. These agencies will talk to you on the phone or through free first appointments.

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