How to remove bad credit from your report?
Emily S asked:
My boyfriend has been trying to clear his credit. He has written to all of the companies on his credit report that he owes money to, in hopes of negotiating settlements. One company will not respond to him. He has written them twice since August, certified mail. He has gotten both receipts back signed but no response from the company. How does he go about getting them removed from his credit report?
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My boyfriend has been trying to clear his credit. He has written to all of the companies on his credit report that he owes money to, in hopes of negotiating settlements. One company will not respond to him. He has written them twice since August, certified mail. He has gotten both receipts back signed but no response from the company. How does he go about getting them removed from his credit report?
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Tags: Certified Mail, Money, Receipts
November 12th, 2008 at 2:07 pm
For starters - pay off the bill……………….
Then don’t go into debt again.
November 15th, 2008 at 5:58 am
He could try contacting the credit “bureaus” informing them of his efforts to clear the accounts and their lack of response. Don’t know if that will make any difference, but it seems to be the only way to proceed.
November 17th, 2008 at 8:43 am
Writing to the companies hoping to settle isn’t going to remove them from his credit report after his settles he is still going to have bad credit and all those creditors will still be on his report. he is going to have to rebuild his credit over time. maybe the company doesn’t want to settle. they may just turn it over to a collection agency.
November 17th, 2008 at 10:10 pm
He may want to contact a consumer credit counseling agency. It should be easy to find one in the phone book or a quick search on the internet for a local organization.
November 19th, 2008 at 5:19 pm
When negative information in your report is accurate, only the passage of time can assure its removal. A consumer reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years.
November 21st, 2008 at 1:20 am
Dispute the debt with the credit bureaus. The credit bureau will contact the creditor to verify the debt. If the creditor does not respond within 30 days, the debt has to be removed. If, however, they verify the debt as correct, then it will remain.
November 24th, 2008 at 11:17 am
You can’t just remove something negative from your credit report. You have to resolve it. The creditor isn’t obligated to negotiate with you, so if they don’t respond you have no recourse.
To clean your credit, first off pay up. Get everything current, and don’t fall behind again.
Credit isn’t an entitlement. You have to convince me as a creditor that want to lend you money. In general, I don’t know you, and can only base my decision on your credit history. If you didn’t pay someone else, why would I expect you to pay me.
People always say “give me a chance”. You’ve already had a chance and blew it. Think about when you were a kid and did something that made your mother crazy. How long did it take for her to trust you again? And she already LIKES you!
November 26th, 2008 at 8:53 pm
He doesn’t. They will stay on his credit history for seven years.
November 28th, 2008 at 10:37 am
Has he asked for validation or just made a settlement offer? If he has asked for validation and the collection agency failed to respond, he should file a dispute with the credit bureau, attaching a copy of his validation request, indicating the creditor failed to respond. That should get the item removed.
Paying off derogatory items won’t get them removed. Nor will it improve his score. However, creditors do look at your whole credit report and paid old debt always looks better than unpaid.
Derogatory items will age off his credit file, 7-12 years from date of first deficiency, whether he pays them off or not.