Strategy 2 | How to remove your publicly known record of a bankruptcy
A Bankruptcy is a public record about you that everyone can see
We mentioned earlier that bankruptcy is a public record that is available to the public.
Yes, that’s right, anyone can look you up to see if you have any civil judgments, liens, foreclosures, and of course bankruptcy.
The 3 major credit agencies go out and buy these public records from other third-party reporting companies.
These companies are referred to as furnishers.
Here is the definition of a furnisher from Investopedia.
A furnisher is a company that provides information about a consumer, including credit history, to a credit bureau.
For example: A furnisher can be a bank, other credit bureaus, a debt collection company, a credit card company, or data collecting organizations.
Why is this important?
It is important to realize that furnishers must abide by the Fair Credit Reporting Act regulations that ultimately protect consumers.
They must be able to back up the bankruptcy information about you with full records. If they cannot, as a result, the bankruptcy must be removed.
They must disclose the methodologies and sources that they used to obtain your information about you and the information MUST be 100% accurate or again, the bankruptcy or public record must be removed.
It is your right by the law to dispute the information provided by the furnisher.
To sum it up, if you can find any iota of false reporting, you will have a strong chance of success removing the bankruptcy early.
Here’s what to do step by step
Write a dispute letter and send it to the credit bureaus or the furnisher or both. Ask them to provide proof, methodologies, and sources of their findings.
Step 2 (This is the secret sauce)
If they cannot verify the dispute or if they do not respond within the statute of limitations (usually 30 to 45 days) the bankruptcy (by law) must be removed from your credit report. Mission accomplished. :)
If the dispute comes back as verified by the credit bureaus or furnisher, simply take the response letter they sent you and mail it in a self-addressed envelope (with a stamp on it) to the county clerk of the courthouse where the bankruptcy was filed and tell them that your furnisher (which with whom you disputed) said that your bankruptcy was verifiable and ask the court clerk to please reveal exactly what information the furnisher requested, the procedure the courthouse took to verify it and the proof that was sent to the furnisher.
There are many ways that you can go about writing this response letter. Make it personal and use a sense of urgency.
What may happen next is that the court will respond with a letter to you stating that they do not report to the credit bureaus.
If they do, send that letter back to the furnisher and give them all of your information about your previous dispute and tell them that the court did not verify or even report to the furnisher therefore you now have proof that the furnisher never tried to verify the info in the first place.
This means you most likely caught them making a mistake or in a lie, and if so, either way, you can sue them.
Demand that according to the Fair Credit Reporting Act, the public record about you must be removed.
You can do this whole process yourself or you can hire a professional trusted company like Sky Blue Credit to do it on your behalf.
Overall, I would attest that Sky Blue Credit is a fantastic credit repair firm! I highly recommend them to anyone because of their professional, honest, non-salesy team.”
Credit Repair Expert
Founder of CreditRepairReviews.co
Hire Sky Blue to help you to remove your bankruptcy and any other derogatory information about you
Sky Blue Credit will work on your behalf for just $79 a month to not only try to remove your bankruptcy but also to remove any other misleading or erroneous information. They also offer a 90-day money-back guarantee. You have nothing to lose but your public records and negative baddies that are being reported about you.