Insiders Guide To Deleting Bad Credit

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 results in falling behind on bills, and that will cause lenders to create derogatory marks on your credit report. There is a lot of information that claim negative marks must remain on your report for seven long years.

This is not true. The truth is bad credit items can be removed and are removed every day.

To remove bad credit from your report you should dispute each item with the credit bureaus. This is done be sending a dispute letter in which you provide a reason why the item is wrong such as; not my account, account paid in full, item is out of date, information is wrong, etc.

Once received the bureaus will conduct an investigation. They will contact the creditor and ask them to verify the account, the dates on the debt, and the total on 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 law that is referred to when people claim an item must remain on your credit report for seven years. This act plainly says an item can remain on your report for a maximum of seven years, it does not say anything about the minimum amount of time a mark must stay.

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.

The truth is every item can be erased.

You can create a dispute letter or you can employ a service to dispute bad credit for you. Disputing bad credit is 100% legal and you will never have any fines, jail time, or arrest.

The bureaus have financed a large campaign to get false beliefs across to consumers. This is because the bureaus are a business and it costs them potential profits every time they 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 is used as a stall tactic. This is frequently where individuals give up on repairing their credit report and decide to just live with a low score.

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.