When it comes to your credit score, a bankruptcy on your credit report can have a drastic negative effect. Many lenders will not even consider extending credit to a consumer who’s credit report lists a bankruptcy.

Many people believe that removing a bankruptcy from their financial history is impossible. Oftentimes consumers are surprised to find that they may dispute a bankruptcy on their report just as they may dispute any other derogatory mark on their record. There actually are many ways to dispute a bankruptcy on your financial record. Below is one way to dispute a bankruptcy on your credit history that may work for you.

Bankruptcies are stored in public records available for anyone who would like to check them. Many people are not aware that the credit bureaus do not actually investigate public records as the courts will only verify public bankruptcy records in person. Although the credit bureaus do claim to verify the public bankruptcy records, as you can see that would be impossible for them to do for the most part.

There are many people who have successfully had bankruptcies removed from their financial records by disputing with the credit bureau that the bureau did not verify the bankruptcy (as they are required to do) before reporting it, to confirm it’s acuracy. These consumers were aware that the credit bureaus would not personally visit the local courthouse to verify the bankruptcy, as well as the fact that bankruptcy records are not available electronically. The bankruptcy records are also not available by mail or phone. Because of this fact, these public records must be verified in person.

All credit reporting agencies are required by law to properly investigate any claims prior to placing them on your credit report.