How to Remove Public Records from Your Credit Report

How to Remove Public Records from Your Credit Report

Public records can often be an extremely concerning document on your credit report. This predicament is especially true if you can not pinpoint the most consequential data to remove public records from your credit report. 

There are several commodities to consider when looking at public records on credit reports.

You may dwell on “how is bankruptcy public record?” or have other burning questions in search of valuable answers. 

Comprehending how to find a derogatory public record or collection filed will save you a lot of the unnecessary hassle that comes with removing it from your credit report. 

What is a public record on your credit report?

Public records are pieces of information typically in the configuration of documents that are not confidential. 

Not all public records are negative, so it is pertinent to recognize when your public record displays a derogatory mark on it. This documentation is also repeatedly labeled as a derogatory public record.

What is a derogatory public record?

A derogatory item or mark on your credit report is a note that is often deemed unfavorable by lenders because it signifies danger and debilitates you from qualifying for credit or other services. 

Public records and collections are derogatory items because they emulate financial priorities that never received the initial payment from the primary collaborative agreement. 

For any derogatory public record, the deprecatory note could be a miscalculation. 

If this fallacy transpires, filing a dispute with the credit bureau is the most productive course of action to remove the corrupted data from your credit report.

Concerning credit reports, there are three significant types of derogatory public records. These three categories are bankruptcy, civil judgments, and tax liens.

So what do each of these derogatory marks convey? How else can you go about removing them from your credit report?

Bankruptcy

Bankruptcy is a legal proceeding that assists anyone who can not appease their debts. It offers the debtor an opportunity to start from scratch. 

The bankruptcy application completion occurs through the liquidation of the assets or a repayment plan design. 

You can begin this process by filing a petition yourself as the debtor. This appeal is one of the most common forms of filing for bankruptcy. 

Filing for bankruptcy

The repayment plans and costs can differ when filing for bankruptcy. These costs are dependent upon what type of bankruptcy you are requesting. 

Identifying the varying types of bankruptcy is crucial in determining whether or not filing for it is the most suitable procedure for you. 

Other bankruptcy filing categories include family-owned fisheries and farms, cross-border trade cases, financially antagonized cities or districts, businesses, and individual wage earners.

Bankruptcy Law

Every claim related to bankruptcy must be filed with the U.S. Bankruptcy court. 

Most bankruptcy cases exist under federal law. There can be exceptions made through legislation passed at the state level. 

Bogus Bankruptcy

It is vital to understand bogus bankruptcy or bankruptcy fraud as it is an extensive criminal offense.

Revisiting the process of filing for bankruptcy, it is vital to hold total integrity when listing all the assets and debts on your petition. 

When signing your bankruptcy petition, you are doing so under penalty of perjury that everything listed is truthful and accurate.

One key example is choosing not to list a particular property you own, regardless of its location. This deception could lead to massive obstacles that ultimately result in civil or even criminal proceedings.

Civil Judgments

A civil judgment results from a court of law ruling against a defendant. 

The legal matter never connects to any criminal charges or offenses and customarily involves the defendant paying any amount of money for damages or other inconveniences.

Civil judgments will habitually appear on your credit report as public documentation but are often not reported to credit bureaus straight away.

You cannot remove a civil judgment from your credit report. The ruling will remain on your credit report anywhere between one and seven years. If the civil judgment secures a full payment before seven years pass, the record will not appear in your future credit reports. 

Furthermore, acquiring a civil lawyer can also expedite the resolution process for the civil judgment. Among other things, a civil lawyer could help aid the judgment status toward being satisfied or vacated. 

Unsatisfied and Satisfied Judgments

Unsatisfied judgments are legal claims that have yet to be paid in any manner by the person the judgment was initially ruled against. 

A judgment lien is formulated when the creditor is granted interest by the court in the property of the debtor. 

On the contrary, satisfied judgments signify that the debt is settled or paid. 

This does not necessarily mean that the debt got paid entirely. Rather it satisfied the original judgment by either making a repayment plan or paying the initial sum listed on the agreement between the debtor and the lender.

Vacated Judgments

Given the proper circumstances, you can vacate a judgment. A vacated judgment voids the preceding judgment under legal terms. 

Vacating a judgment is one of the very few feasible ways to remove a civil judgment from your credit report. This relinquishment occurs once the judgment is appealed and then dismissed by the court.

Tax Liens

Generally speaking, if a business or individual does not pay taxes owed to the government on time, a legal claim known as a tax lien is placed against their assets.

There are two primary types of tax liens to consider, which are designated as consensual liens and non-consensual liens.

Consensual liens are liens that the lender and the debtor agree to when purchasing property with a loan. 

Non-consensual tax liens get placed against property through the court or the government due to the non-payment of taxes.

The most common tax liens occur when a home is not paid the precursory amount on the agreement made between the buyer and the lender. As a result, this could lead to serious delinquency.

Serious Delinquency

Delinquency on your credit report can damage not only your credit but also cause difficulty in making purchases in the future.

Oftentimes, serious delinquencies are mistakes, and the steps needed to remove them from your credit report are simple. 

Reviewing the straightforward methods to remove delinquent credit, you can submit a dispute to the credit bureau. 

Comparatively, you can attempt to identify what business reported the delinquency to the credit bureau, seeing if it is possible to dispute it directly from that business before contacting the credit bureau.

Removal of Tax Liens

In considering other ways to remove tax liens, simply paying it off is no longer a guarantee to remove the derogatory public record or collection filed from your credit report.

Removing a federal tax lien through subordination, discharge, or lien release are several possible methods.

Essentially you can request that the government subordinates sell your property and have the government receive the proceeds, or simply satisfy the debt in full or through a repayment plan for the release of the tax lien.

How to remove items from LexisNexis

LexisNexis is a frequently applied public records database that many note as a far-reaching supplier of credit report information. 

The best method to remove your information from LexisNexis is by creating an online request that the website suppresses your information. You will need to provide LexisNexis with documentation that supports your removal request.

How do public records appear on your credit report?

Unlike debt collectors that typically report any derogatory public records, credit bureaus (such as Experian, Equifax, and TransUnion) will instead indirectly go to the court through a third party, requesting your information either by electronic or physical inquiry. 

This information includes your civil judgments, tax liens, and bankruptcy filings. After submitting the request, the credit bureau will then put the information they received onto your credit report.

How long do public records stay on your credit report?

There are various ways a public record can affect your overall credit, but how long do these public records stay on your credit report? 

Now that you have the necessary steps on how to remove a public record from credit reports, it will further benefit you to know the duration for which each type of derogatory public record can remain on your credit report. 

Similar to civil judgments, which are mentioned above as lasting for up to seven years, derogatory public records could stay on your credit report for ten years and can even be renewed if they are not resolved after the typical seven-year mark.

Conclusion

It can be complicated trying to retain information on how to get public records removed.

The good news is you possess all the tools required to successfully remove derogatory public records from your credit report promptly.

To better assist you in getting started, searching up public record removal letter templates that you can utilize as a guide on removing a public record from court documents is the next logical move in your journey to exemplary credit.