How to Get Bad Credit Removed From Your Report

Sick of being constantly reminded of your past mistakes on your credit report? You’re not alone. Unfortunately, past mistakes when it comes to credit history can linger for years on your account before they disappear, regardless of how fastidious you have been with your credit recently.

Of course, you want your credit to be as high as possible. It can help you get loans with a good credit score for a home or a car. These negative marks can bring your credit down in a big way. They can be removed, but the credit bureau is not going to do it for you. You have to do it on your own through hard work and attention to detail. The following are the steps to having bad marks removed from your credit report.

Dispute

The first thing that you want to get removed are things that you don’t feel should be there in the first place. Thanks to the Fair Credit Reporting Act, you can submit a dispute to your credit bureaus about negative marks you feel are unfounded. Before you set out to repair your credit, read the Fair Credit Reporting Act to determine what is legally allowed to be included in your report.

Thanks to advancements in technology, you no longer have to file these reports in person. In fact, the easiest way to do it is online through a credit score service. There are multiple different credit bureaus, so make sure that you are disputing your report with the same company that has the negative marks since not all reports are the same. For instance, if you have a negative mark on your Experian account, report it to them and not another bureau.

Go directly to the business that reported you. You can also contact the creditor directly that has given you the bad mark. If they feel that the mark is warranted, they might not help you. The best option here is to pay at least a portion of the money that you owe them and ask for a “pay for delete” option after it is paid. This agreement forces them to take the mark off of your credit report.

Wait it out – After seven years bad marks on your credit will be removed. This means if you wait long enough all of the bad marks on your credit will be gone. This won’t aide in bad credit removal in the same way that paying off your debts immediately will, though.

Leave a Reply

Your email address will not be published. Required fields are marked *