How To Get Stuff Off Your Credit Report?

Credit reports contain a detailed list of records of an individual’s credit lines, credit accounts, and credit transactions, and it can be very annoying to find negative entries on your credit report.

Your credit report is one of the most important aspects of your finances. It is applied in processing credit applications for loans, credit cards, renting an apartment, or even employment. As such, you would like your credit report to be as accurate and, consequently, as positive as it can be.

Here are the tips that would help you to delete the incorrect negative information if any that exists in your credit reports:

Go Over Your Credit Reports You have to start by reviewing your credit reports from the three major credit reporting companies—Equifax, Experian, and TransUnion. Every year, Equifax, Experian, and TransUnion—the three credit bureaus—allow you to get one free copy of your reports yearly at annualcreditreport.com. None of the three hold the same data, hence all three have to be examined. Examining the reports thoroughly, check for any bad items—like those that shouldn't be there—such as: 

• This excluded accounts that are not owned by the user of the application.
• Receipts that have not been entered by you but which signify delayed payments
• Specifically, the…single bond that has already been paid out.
• Other such wrong details as the address or employer.

If you notice mistakes, you also have to go through the dictation process to get them corrected.

Contest Mistakes with the Credit Reporting Agencies

The Fair Credit Reporting Act mandates credit bureaus to investigate any dispute that may be brought on information on your credit file. To begin the dispute process, initiate an online dispute or write letters to the reporting agencies outlining entries that are incorrect and include copies of any documents such as bank statements or records of debt payments. It is also important that you provide your full name, current postal address, Social Security number, and date of birth on your dispute to enhance the chances of them identifying your file. Use certified mail with the return receipt requested for the sending of dispute letters so that you can be in a position to prove the time and kind of delivery that was made.

This is a period that starts from the time the credit bureau receives the dispute and ends after 30 to 45 days have elapsed, in which the credit bureau investigates the item in dispute. They will then get in touch with the company they received the information from to confirm with them. If the company is unable to provide proof or agrees the information is untrue, the credit bureau is to delete the wrong entry.

Disputes should be forwarded to both the creditor and credit reporting agencies.

Not only are you able to, but it is also recommended that you dispute those errors with the credit bureaus and the companies that reported the information. This could be a credit card company, an auto loan company, a debt collection agency, or any other form of creditor. To also provide specifics of what is being falsely reported, enclose copies of any evidence you have. Write and send letters of dispute to the company’s Bureau of Consumer Complaints or the chief executive officer. Same as credit bureau disputes – yup, to the address specified, send through certified mail with return receipt.

It is recommended that one should make records of the credit bureaus, creditors, or anyone you communicated with regarding the disputed items on your credit report and also retain copies of all replies that were made. By the provisions of the Fair Credit Reporting Act, the company that supplied the incorrect information about the account has the responsibility to report the correct new status of the account to the credit reporting agencies upon your filing of the dispute.

Common Credit Report Errors Some common mistakes to check for on your credit reports include:

• Includes the accounts that were recorded in the wrong status as being a late payment, delinquent, or even settled.
• Accounts which in actuality have been charged off but were fully paid.
• Loans that were foreclosed but were brought back or reinstated.
• Credit cards, bank accounts, and other such financial tools opened in the victim’s name but without his/her consent.
• Civil cases involving old data of bankruptcies and tax liens not older than 7 years for non-Chapter 13 bankruptcy and 10 years for Chapter 13 bankruptcy which should be removed.
• Delinquent accounts that you have recorded in your credit report but were included in the Chapter 7 bankruptcy you applied for.
• Loans that are confused for another party with a similar name to the actual account holder.
• Some accounts that should not be categorized under the open account are classified under this account.
• Wrong personal details such as the present or previous residential address, employers, or occupation.

Stay Persistent

Unfortunately, if the first attempt of the dispute does not result in getting the accurate mark removed, do not lose hope. According to the Fair Credit Reporting Act, if one needs to conduct further investigation or the matter was not handled satisfactorily the first time around, one can appeal again. And file another dispute arguing that the law permits you to continue disputing while the falsehood is still circulating. You don’t have to exclude any new evidence found to support the claim or the conclusion made.

In the long run, furnisher and credit bureaus should remove data that they cannot affirm as accurate if you continue to challenge. It is good to stick to it since any wrong decision has to be removed as long as it is an error or an unconfirmable fact. Thereby, your credit score can improve by letting go of the unwanted marks on your credits.

Ready to boost your credit score? Call +1 888-804-0104 now for the best credit repair services near you! Our expert team is here to help you achieve financial freedom and improve your credit. Don't wait—get started today!