A bankruptcy on your credit report can be devastating to you credit scores. A bankruptcy can be reported on your credit report for 10 years from the filing of the case. However, contrary to popular belief, you don’t have to wait up to 10 years before being able to get a mortgage, car loan or any other type of credit again.

In order to improve your credit score, you need to eliminate negative information as well as establish positive credit history. Bankruptcies can be disputed and removed from your credit report just like any other negative account. If the reporting agency can’t verify the accuracy of the information, they must remove it.

It’s very important that you learn the in’s and out’s of credit repair before you attempt to start repairing your credit on your own. You can actually hurt your credit even further by disputing negative items the wrong way.