Creditors and Bankruptcy/experian credit report

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Expert: Regan Shinski - 1/5/2010


Question
I filled bankruptcy in 1995. Experian has me listed as the settlement was do to bankruptcy with a bank that I filled with. It has been 15 years.I thought 7-10 years it was removed like the other two reporting companies. When I purchased my credit report and found out the Experian was the only reporting company that has not removed my bankruptcy from their records I could see why I've been having problems. I have applied for loans and low credit interest credit cards to manage my finances and have been denied many times.  When I was fighting for my life and on treatment I lost track of many things and this was one. What do you suggest?  

Answer
Hi Dennis:

You should dispute this with the Experian directly.  Send a simple letter to them stating the bankruptcy is "obsolete" and should be deleted.  The should respond back to you in about thirty days with their investigation results.  If it is as you say, it will likely be deleted.

Bankruptcy typically stays on for roughly 10 years from the discharge date.

Good luck!
Regan

Creditors and Bankruptcy

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Regan Shinski

Expertise

I can answer questions on collections, repossessions, bankruptcy, credit repair, credit counseling, FICO scores, credit planning, and the cause and effect of credit related decisions. I can also answer questions on collection settlements and preparing to sue your creditors for false debts and credit reporting.

Experience

Fifteen years ago I was financially devasted due to severe health issues. I filed bankruptcy, had a foreclosure, car repossession, tax lien, and ruined credit. I immersed myself in credit law. I settled dozens of accounts and had them removed to improve my credit. I personally sued four creditors and collection agencies and won cash settlements for their false reporting on my credit reports. Since then, I have completely recovered and have nearly $100,000 in revolving credit lines and perfect credit. I have owned a credit repair company for the past five years and have an additional three years of specific work in the collections and debt management industry. I am fully versed in the Fair Debt Collection Practices Acts (FDCPA), Fair Credit Reporting Act (FCRA), and have used them successfully in collection settlements and lawsuits for myself and others. I am also familiar with and abide by the Credit Repair Organizations Act (CROA). I have deleted or helped delete literally hundreds and hundreds of derogatory items from consumers' credit reports and helped negotiate many settlements with collection agencies and creditors. I have also advised people on bankruptcy at any stage. In the current credit market, I have successfully advised numerous people on how to obtain credit and how to negotiate for better terms.

Education/Credentials
BA - University of Minnesota

Past/Present Clients
(private)

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