For you to remove bad credit items from your credit history you must dispute the credit bureaus. You have two ways to do this.
1. Craft a dispute letter
This option will require you to write a dispute letter. In this letter you will need to identify the negative mark and provide and explanation as to why it 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Reasons often include; account paid in full, item is out of date, information is wrong and etcetera.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.
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 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.
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 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.
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.
1. Craft a dispute letter
This option will require you to write a dispute letter. In this letter you will need to identify the negative mark and provide and explanation as to why it 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Reasons often include; account paid in full, item is out of date, information is wrong and etcetera.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.
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 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.
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 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.
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.
