In order to remove derogatory items from your credit report you have to dispute the credit bureaus. There are two options to do this.
1. Craft a dispute letter
You must write a dispute letter. In this letter you have to identify the listing you want removed and give a reason why the listing is inaccurate.
Reasons often include; account paid in full, item is out of date, information is wrong and etcetera. You will need to send this letter to every credit bureau.
2. Hire a professional credit repair company.
Using this method the service will create a dispute letter on your behalf and send it to the bureaus. These services have advanced techniques to remove negative credit such as; debt validation, creditor direct intervention, and escalated dispute information requests.
I suggest a firm if you have multiple negative marks on your credit report. However if you only have one mark then I suggest do it yourself credit repair.
Upon receipt of your "valid" dispute letter the bureaus will hold an investigation. If the negative mark can not be verified then the bureaus must remove it from your credit history.
Be aware that it is common for bureaus to use stall tactics to avoid conducting investigations. This is because it costs the credit bureaus potential profits to conduct an investigation.
The Fair Credit Reporting Act made it law that credit bureaus must investigate a disputed item and if it is found unverifiable then it must be deleted from you credit report. The difficult part is getting the credit bureaus to deem you dispute letter valid.
If you are struggling with this then I suggest hiring a professional. However with persistence you can get the bureaus to deem you letter valid.
It is common for investigations to result in removal of negative marks. This is because many lenders are unwilling to spend the time and money to verify a debt.
Which ever method you choose negative credit can be removed from your credit report. You do not have to wait the full seven years. - 15465
1. Craft a dispute letter
You must write a dispute letter. In this letter you have to identify the listing you want removed and give a reason why the listing is inaccurate.
Reasons often include; account paid in full, item is out of date, information is wrong and etcetera. You will need to send this letter to every credit bureau.
2. Hire a professional credit repair company.
Using this method the service will create a dispute letter on your behalf and send it to the bureaus. These services have advanced techniques to remove negative credit such as; debt validation, creditor direct intervention, and escalated dispute information requests.
I suggest a firm if you have multiple negative marks on your credit report. However if you only have one mark then I suggest do it yourself credit repair.
Upon receipt of your "valid" dispute letter the bureaus will hold an investigation. If the negative mark can not be verified then the bureaus must remove it from your credit history.
Be aware that it is common for bureaus to use stall tactics to avoid conducting investigations. This is because it costs the credit bureaus potential profits to conduct an investigation.
The Fair Credit Reporting Act made it law that credit bureaus must investigate a disputed item and if it is found unverifiable then it must be deleted from you credit report. The difficult part is getting the credit bureaus to deem you dispute letter valid.
If you are struggling with this then I suggest hiring a professional. However with persistence you can get the bureaus to deem you letter valid.
It is common for investigations to result in removal of negative marks. This is because many lenders are unwilling to spend the time and money to verify a debt.
Which ever method you choose negative credit can be removed from your credit report. You do not have to wait the full seven years. - 15465
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