"I have a bankruptcy on my credit reports so my credit score is abysmal. Is there anything I can do ? There are credit repair companies who claim that a bankruptcy can be removed from my credit file. Is there really some way I can get my good credit back?"
Questions like these are common. Poor credit scores affect millions of people in this country and in an economic climate where even people with average credit are having a hard time getting loans, people with less than desirable credit scores are finding themselves being left out of the credit game entirely. Naturally, they begin inquiring about what they can do about it other than biding their time for years waiting for the negative credit listings in their credit records to age and eventually disappear.
The answers people receive in response to these questions are typically disheartening. The majority of the time, they are simply told that they will have to wait. Wait 7 long years for most negative listings and 10 years or more for a bankruptcy. And to make matters worse, the people answering these questions also tend to throw in unnecessary jabs like, "that's what you get for being careless" or "you should have thought of that before you acted irresponsibly".
This is sad because what most people don't realize is that so many people with bad credit don't deserve it. They are merely a victim of circumstance and in many cases, a circumstance that is practically unavoidable.
The single largest cause cause of bankruptcy in America is fallout from a medical emergency or illness and while on on hand you can say that insurance and preventative care will keep these situations from destroying a person's finances, that is not always the case. Complications from unforeseen gaps in insurance coverage and billing errors can end up making you have to pay much more out of pocket than expected. When coupled with the loss of wages or sometimes loss of job that can go along with an illness or injury, these expenses can start even the most responsible people down the road to bankruptcy.
Fortunately, even if you have no choice but to declare bankruptcy, not all hope is lost. Regardless of what most people think, it is possible to dispute and permanently remove any type of item from a credit report, including a bankruptcy. The law gives consumers the right to dispute any item on their credit reports that they feel is inaccurate or misleading. The law gives people who are being unfairly labeled as a a credit risk the opportunity to work to correct their credit score.
This process of working to remove questionable negative items from credit reports has become known as credit repair. Whether through their own credit repair efforts or with the help of a reputable credit repair service, hundreds of thousands of people have been able to legally and permanently delete negative items from their credit reports including late payments, charge offs, collections accounts and bankruptcies.
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You can work to fix your credit score on your own, but increasingly, people are turning to professional credit repair services for help with their credit. To assist these people, TheTopTens provides a list of the top 10 best credit repair services.
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