"Remove Inquiries From Credit Report" Discussion

Upsolve Community Member
that’s what i want to know as well good question 

Upsolve Community Member
Stephen, thanks so much for asking! This may be a good place to start learning more: https://upsolve.org/learn/how-long-bankruptcy-on-credit-report/ 

Upsolve Community Member
Generally speaking, information on your credit report isn't taken off once a bankruptcy is filed. There's generally a time limit for how long any information will stay on a credit report (i.e. for charge-offs it's generally 7 years). This wouldn't automatically change due to a bankruptcy filing. 

Upsolve Community Member
Please let us know if you have any other questions! 

Upsolve Community Member
Hi Stephen, even LATE payments can stay on your credit reports for up to 7 years! So don't be late! ;-). FYI, Upsolve has a new "Room" in this Community where conversations about https://my.upsolve.org/rooms/19 and rebuilding credit are/will be happening! See you there! :-) 

Upsolve Community Member
Stephen, you might also be interested in reading https://upsolve.org/learn/chapter-13-credit-report/ and https://upsolve.org/learn/remove-hard-inquiries-from-credit-report/ after you read the article Claire suggested. 

Upsolve Community Member
Mary, this is a great question! Generally speaking, while hard inquiries can impact a person's credit score, they aren't related to a bankruptcy proceeding. 

Upsolve Community Member
It's not a requirement to consider hard inquiries when filing for bankruptcy. If you're looking into improving your credit score, this might help! https://upsolve.org/learn/remove-hard-inquiries-from-credit-report/ 

Upsolve Community Member
Hi Mary! If you haven't seen this article in Upsolve's Learning Center, here it is: https://upsolve.org/learn/remove-hard-inquiries-from-credit-report/

Upsolve Community Member
Hard credit pulls makeup 10% of your credit score. That's relatively small compared to other factors, but it does impact the score. They get removed after 2 years. Soft inquires have no effect and doesn't matter how many soft pulls you have. :-)

Upsolve Community Member
There's a number of ways to improve your credit- removing hard inquiries is one of them, but don't think that's the only way to get your credit score up! 

Upsolve Community Member
Mohammed, great question! There's a few ways to do this, all outlined in this article! https://upsolve.org/learn/remove-hard-inquiries-from-credit-report/ 

Upsolve Community Member
You can dispute hard inquiries with the credit reporting bureaus. If two years pass, hard inquiries will no longer be reported on the credit score. Hope that helps! Please let us know if you have any other questions! 

Upsolve Community Member
Karen, there is! It's called the  Total and Permanent Disability (TPD) discharge of your federal student loan debt. 

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You can learn more about this option and it's requirements here: https://upsolve.org/learn/student-loan-tpd-discharge/ 

Upsolve Community Member
There's information in that article about a borrowers ability to get new loans, too

Upsolve Community Member
Hi Karen, In most cases, to qualify for a TPD discharge, you must complete and submit a TPD discharge application, along with documentation showing that you meet the Department of Ed's requirements for being considered totally and permanently disabled, to Nelnet, the servicer that assists ED with the TPD discharge process. 

Upsolve Community Member
To answer your second question as to whether you can apply for a student loan in the future: Yes, but with some conditions. sign a statement acknowledging that you can't get a TPD discharge of the new loan based on a disabling condition that already exists unless that condition substantially deteriorates in the future.

Upsolve Community Member
Nelnet is the servicer of Disability applications for the Department of Education: https://disabilitydischarge.com/

Upsolve Community Member
Mark is absolutely right. You can print the form off or request they mail you one. If I remember right it was an easy basic form to fill out. I believe you have to be on Social Security Disability. Once they “approve” the discharge of your student loans, which have to be federal loans, there is a 3 year waiting period. During this time it will still show your balances on your credit report and basically puts a forbearance on them. Then once a year they mail you a form you have to fill out to make sure your circumstances haven’t changed. As long as you still qualify after 3 years then they will officially discharge your federal student loans and show $0 balance on credit reports. I did mine several years ago so the process may have changed a bit. If they are private loans I don’t know of a way to get them discharged though.