To remove negative marks on your credit report you must dispute the credit bureaus. You have two methods to do this.
1. Craft a dispute letter
This method requires you to create a dispute letter. In this letter you identify the negative mark you want removed and provide a reason why that mark is inaccurate.
Reasons typically include; item is out of date, information is wrong, not my account, account paid in full and etcetera. This letter will need to be sent to each credit bureau.
2. Hire a professional credit repair service.
If you choose this option the firm will create a dispute letter for you and send it to the bureaus. The benefit of a firm is they have advanced dispute techniques such as; creditor direct intervention, escalated dispute information requests, and debt validation.
I recommend hiring a service if you have multiple bad credit items on your report. However if you only have one or two items then you can do it yourself.
Once the bureaus get your dispute letter and deem it valid they will conduct an investigation. If the item can not be verified then it must be deleted from you credit.
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 says the bureaus must investigate a disputed listing and if it is found unverifiable it must be removed from your report. The difficulty is getting the bureaus to find you dispute letter valid.
If you are experiencing trouble with this I recommend hiring a professional. However you can get the bureaus to deem you letter valid with some persistence.
Often an investigation will result in the negative listing being removed. This is a result of lenders being unwilling to spend the time and money verifying debts.
However you decide to dispute your credit, negative marks can be deleted. You do not have to wait the full seven years for these marks to be removed. - 15790
1. Craft a dispute letter
This method requires you to create a dispute letter. In this letter you identify the negative mark you want removed and provide a reason why that mark is inaccurate.
Reasons typically include; item is out of date, information is wrong, not my account, account paid in full and etcetera. This letter will need to be sent to each credit bureau.
2. Hire a professional credit repair service.
If you choose this option the firm will create a dispute letter for you and send it to the bureaus. The benefit of a firm is they have advanced dispute techniques such as; creditor direct intervention, escalated dispute information requests, and debt validation.
I recommend hiring a service if you have multiple bad credit items on your report. However if you only have one or two items then you can do it yourself.
Once the bureaus get your dispute letter and deem it valid they will conduct an investigation. If the item can not be verified then it must be deleted from you credit.
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 says the bureaus must investigate a disputed listing and if it is found unverifiable it must be removed from your report. The difficulty is getting the bureaus to find you dispute letter valid.
If you are experiencing trouble with this I recommend hiring a professional. However you can get the bureaus to deem you letter valid with some persistence.
Often an investigation will result in the negative listing being removed. This is a result of lenders being unwilling to spend the time and money verifying debts.
However you decide to dispute your credit, negative marks can be deleted. You do not have to wait the full seven years for these marks to be removed. - 15790
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