If you are in the process of filing for bankruptcy, you might be wondering how you will be able to restore your credit. In many cases, bankruptcy filings can appear in a credit score for more than ten years. However, filing for bankruptcy doesn’t mean you won’t be able to rebuild your credit. Our Irvine credit repair attorneys explain if you can get bankruptcy off your credit report.
Bankruptcy In Your Credit Report
It is important to know that even though bankruptcy will be listed on your report for a maximum of ten years, you can still apply for new credit opportunities. In fact, bankruptcy can help you become more eligible for credit than ever before because your debt will be lower than your income.
Credit Report Accuracy
If you believe that the information in your bankruptcy file is even slightly inaccurate, you have the right to request a review. You will have to file a dispute with the three credit bureaus by submitting proper documents to receive approval. This could even lead to the removal of bankruptcy from your credit report.
Pay Off Your Debts as Quickly as Possible
Developing good financial habits is a great way to rebuild your credit score. If you file for Chapter 13 bankruptcy, you can develop a plan to repay some or all debts over the course of 3 to 5 years. By doing so, the bankruptcy itself will be deleted from your report in no less than seven years from its filing date.
Irvine Credit Repair Attorneys
If you filed for bankruptcy and you need guidance to repair your credit report, our team at McFarlin LLP is here to help you. You don’t need to navigate this process on your own. Our Irvine credit repair lawyers have the set of skills, experience, and knowledge needed to help you achieve your desired results. We help clients obtain financial freedom from beginning to end.
We offer $0 down for our credit repair services. Contact our Irvine credit repair lawyers today at (949) 570-5025!