Knowing how to remove negative entries from your credit report is smart, especially if you plan to apply for a mortgage or car loan. You can have something removed before seven years pass by contacting the appropriate organization and filing an application with them.
The following tips will help you quickly repair your credit.
Credit Repair of Philadelphia can help repair your credit and take the pressure off you.
Check Credit Report for Inaccuracies
First, make sure negative entries don’t include inaccurate information. Negative reports can be a troublemaker in your life and are best dealt with sooner rather than later. Most people have errors on their credit report so it is important to take the time to look for these inaccuracies before they become too much of an issue down the line.
First, you need to find your credit report. The three major bureaus are Equifax, Experian and TransUnion — make sure they’re all accurate.
Things to check
- Account number.
- Account status.
- Date opened.
- Payment status.
- High Balance.
- Credit Limit.
- Other errors.
Credit reports are important but sometimes there may be some mistakes or misinformation within it which needs to fix as soon as possible.
Submit Credit Dispute Letters
You have the right to dispute any and all inaccurate information on your credit report. You should carefully examine each of these reports for inaccuracies, including errors in identity theft protection services that you may not want them to provide like fraud alerts or account monitoring. All three major bureaus offer a form online with which you can request an investigation into this inaccuracy.
Credit bureaus are required by law to remove inaccurate information from credit reports and can only report accurate data.
Write Goodwill Letters
The first step is to make sure you don’t have any errors on your credit report. If the bureaus find and fix those problems, then you might be able to request a goodwill adjustment.
There are many ways to fix your credit score. One of the simplest is letting original creditors know and asking them to remove negative entries from your history.
A goodwill letter can be as simple or complicated as you want. But even the most basic of letters will benefit from expert advice like a complimentary font, color scheme and envelope style that are sure to make your recipients smile every time they open their mailbox.
Describe your situation to the creditor, such as mortgage application, and struggle because of the entry.
Negotiate a “Pay For Delete” Deals
For unpaid collections accounts or charge-offs, a pay-for-delete agreement will help you remove the negative item from your credit report. Work by negotiating with creditors over the phone to see if they’ll agree. If so, be prepared to finally settle up and offer them payment in return for their cooperation on getting it deleted off of your file permanently.
Some people may not know how to handle a debt collector. The good news is there are ways for you to get out of your contract with them, and if the contract was obtained falsely or without cause it might be worth looking into that option.
Use Credit Repair of Experts to Help Remove Negative Items
Don’t waste your time writing letters to debt collectors or trying to negotiate with creditors. Credit Repair of Philadelphia can do it for you and they’re experts at resolving all disputes.
Credit experts know the Fair Credit Reporting Act to every detail, and you can count on them for your needs.
Inaccurate data can be removed faster by hiring an expert than taking care of it yourself, but there is more work involved too. For instance: Credit Repair of Philadelphia knows how to deal with these deletion methods so they know what needs attention first; this helps them get better results from our clients as well as quicker ones.