It is not uncommon for life to throw us a curve ball sometimes. Such as a sickness in the family, getting laid off from a job, or simply not being able to make ends meet.
This often results in falling behind on bills, and that will cause creditors to create negative marks on your credit report. There is a lot of information that says these negative marks must remain on your credit for seven long years.
This couldnt be further from the truth. The truth is negative items can be removed and are removed every day.
To erase negative credit from your report you should dispute each item with the credit bureaus. This is done be writing a dispute letter in which you give a reason as to why the item is wrong such as; not my account, account paid in full, item is out of date, information is wrong, etc.
When received the bureaus will conduct an investigation. They will contact the lender and ask them to verify the account, the dates on the account, and the balance of the debt.
If it's not verified then it must be deleted from your credit report. This is according to the Fair Credit Reporting Act.
This is the act that is cited when the claim that an item must remain on your credit report for seven years. However this act specifically and plainly says an item can remain on your credit report for a maximum of seven years, nowhere is anything said about the minimum amount of time a item must remain.
This incorrect information is causing many to feel hopeless and frustrated paying the high cost of bad credit. However you dont just have to live with it, you can delete each and every bad credit item on your report.
Every item can be removed. That is the truth.
You can create a dispute letter yourself or you can hire a service to dispute bad credit on your behalf. Disputing negative credit is 100% legal and you will never face any fines, jail time, or arrest.
The bureaus have paid for a large campaign to get these false beliefs across to consumers. This is because the bureaus are a business and it costs profits in man hours and resources every time they have to investigate a dispute.
Additionally if you dispute these items yourself be prepared for the bureaus stall tactics. Often they will respond to a dispute letter by requesting more information.
This is not because they need the information but instead used as a stall tactic. This is where they hope you will give up on repairing their credit report and just live with it.
You don't have to live with the high cost of bad credit. You can dispute and remove any mark from your credit report. This will give you and your family with the quality of life that you deserve.
This often results in falling behind on bills, and that will cause creditors to create negative marks on your credit report. There is a lot of information that says these negative marks must remain on your credit for seven long years.
This couldnt be further from the truth. The truth is negative items can be removed and are removed every day.
To erase negative credit from your report you should dispute each item with the credit bureaus. This is done be writing a dispute letter in which you give a reason as to why the item is wrong such as; not my account, account paid in full, item is out of date, information is wrong, etc.
When received the bureaus will conduct an investigation. They will contact the lender and ask them to verify the account, the dates on the account, and the balance of the debt.
If it's not verified then it must be deleted from your credit report. This is according to the Fair Credit Reporting Act.
This is the act that is cited when the claim that an item must remain on your credit report for seven years. However this act specifically and plainly says an item can remain on your credit report for a maximum of seven years, nowhere is anything said about the minimum amount of time a item must remain.
This incorrect information is causing many to feel hopeless and frustrated paying the high cost of bad credit. However you dont just have to live with it, you can delete each and every bad credit item on your report.
Every item can be removed. That is the truth.
You can create a dispute letter yourself or you can hire a service to dispute bad credit on your behalf. Disputing negative credit is 100% legal and you will never face any fines, jail time, or arrest.
The bureaus have paid for a large campaign to get these false beliefs across to consumers. This is because the bureaus are a business and it costs profits in man hours and resources every time they have to investigate a dispute.
Additionally if you dispute these items yourself be prepared for the bureaus stall tactics. Often they will respond to a dispute letter by requesting more information.
This is not because they need the information but instead used as a stall tactic. This is where they hope you will give up on repairing their credit report and just live with it.
You don't have to live with the high cost of bad credit. You can dispute and remove any mark from your credit report. This will give you and your family with the quality of life that you deserve.
About the Author:
For a free credit consultation call 1-866-246-7311. Visit us for a free credit dispute letter used to remove a charge off and other bad credit or debt collectors such as Midland Credit.
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