Can credit repair companies remove recent bankruptcies?

No. Credit repair companies cannot remove bankruptcies, but they can help you improve your credit score by showing you how to raise your score yourself. Here's why: Credit reporting agencies like Experian, Equifax, and TransUnion base all of their credit scores on a combination of five categories: 1. Payment History (35%) 2. Amounts Owed (30%) 3. Length of Credit History (15%) 4. New Credit (10%) 5. Type of Credit Used (10%).

They use this information to calculate your credit score based on the data from your credit report, which the agencies get from creditors who have extended your credit in the form of loans or credit cards, or both. You actually have three different scores that are used for different purposes by different entities: The FICO score, which is used for "decision making" such as mortgage and auto loan approvals; the Vantage Score by Experian; and the PLUS Score by Equifax. All three scores are based on the same five pillars of credit, but there are slight variations in what each one considers most important within those categories.

No, with that being said, sometimes bankruptcies are removed from credit reports. This is done by using a legal loophole that requires credit bureaus to disclose, on request, any public records related to the consumer. Once the consumer requests that such records be disclosed, the consumer can then submit a dispute regarding the accuracy of the bankruptcy information and have it removed. This does not always work. You should speak with a credit repair lawyer to get more information. Call this law firm below:

Ascent Law LLC

8833 S Redwood Rd Ste C

West Jordan UT 84088

(801) 676-5506

https://g.page/AscentLaw

https://www.ascentlawfirm.com/can-credit-repair-remove-bankruptcies/


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