How To Remove Negative Items From Your Credit Report

hell yeah it will negatively impact

the pandemic left alotta ppl's finances in the shitter, this might be a way to help begin fixing your credit.



u cant remove negative items from your credit report unless the information listed is incorrect. if the entry is an error u can file a dispute with the 3 major crt bureaus to have it removed, but the info will remain on your report for 7 years if its accurate.

review your credit report to locate the negative items entry.
investigate the entry to confirm it is inaccurate.
choose a dispute method (online, phone or mail) if the info is not accurate.
file ur dispute via the chosen method.
wait for the results (30 - 45 days).

if the info is correct n you pay off the outstanding debt, you can then ask the lender via phone or in writing to make a goodwill adjustment, removn the derogatory mark from ur crt report. although the lender is under no legal obligation to do it generally goodwill requests are successful in many cases.

the ffair crt reportn act (FCRA) entitles u to dispute inaccurate items on your credit reports.

the ideal outcome is to remove enough negative items to give your crt score a boost.

upon receipt of a crt report dispute the crt reportn company has 30 days to investigate theyll fwd disputes to the original debtor that furnished the info. the debtor will review the crt report dispute n report back to the crt reportn bureau.

if the debtor finds that the info was inaccurate it must notify that fact to all 3 crt bureaus n req its removal. the crt reportn bureau will report the results in writing to u n send you a new copy of your report if any items were corrected or removed.

you can DIY crt repair by ordering ur 3 credit reports from AnnualCreditReport.com a source of free crt reports authd by the federal govt. ull need all 3 reports (1 from each crt bureau. experian transUnion n equifax) bc creditors may report transactions to only 1 or 2 crt bureaus.

after receiving the reports u review the 4 sections for errors

identification: information identifying yourself, inclg ur address, date of birth, n soc sec #.

tradelines: this contains ur account data which incls ur use of crt n ur borrowing activity. the data incls loan n credit account balances, pmt history, n a collection account or a charge-off.

public records: court info re adverse legal judgments, bankruptcies, liens, foreclosures, vehicle repos, n money owed for child support.

inquiries: hard inquiries are those u authorize a credit provider to make when you apply for a crt card or loan. these can lower ur credit score. unauthorized soft inquiries have no impact on ur score.

if u come across inaccurate info, file a dispute w/the crt bureaus website

u should 1st req a debt validation letter from the collector verifying it has accurate info about ur debt.

if you dont recognize or agree with the debt in question u can req the collector to prove u legally owe the money. if it cant provide proof it must drop its collection account request. this wont automatically remove the item from your crt report but you can req that as part of the dispute.

heres some sample templates
[link to www.consumerfinance.gov (secure)]

creditors are under no obligation to remove negative info from ur crt reports when u pay off a delinquent debt. however, if you enter a pmt plan, you can enter an arrangement for them to report to the bureaus as 'paid as agreed'.


debt collectors arent the only ones with time limits.

u got just 30 days from the date you recv the validation letter to dispute all or part of the debt. if you fail to dispute the debt in that time the debt collector is entitled to consider the debt valid.

some debts may be too old to collect on

one of the recommendations for what to include in ur verification letter is a request to be provided with the age of the debt. the age of the debt may really be one of the most important pieces of info u recv from the debt collector.

thats bc most types of debt are subject to a statute of limitations which is the legal time frame during which the debt collector must begin legal action. once the statute of limitations has expired the debt collector can no longer sue u to recover the debt (tho they can still contact you to try n collect).

the actual SOL for a given debt will vary based on both the type of debt and the state where u live. in general, debts are broken down into 4 types: written contracts, oral contracts, promissory notes, n open-ended accounts.

while it can vary by state, the SOL countdown generally begins when the account becomes delinquent, so typically thats when it reaches 30dys past due.

[link to imgur.com (secure)]

https://imgur.com/GbE245F

suck a dick stymie

Phenn you are too nice, tell that motherfucker to fuck off.

Theres a better way, dont use credit period, there are 3 agencies for a reason, you try to fix something with one the other keeps the crap on your record and they keep tossing you around like a rotten potato.

I get it life happens or people make mistakes, but working within the system is not the answer, because just from your post you can tell the the onus is on the borrower, the creditor is not obliged to release your or fix your record, they have the money bought the courts and have every reason to keep you fucked in bad faith.

Waste your time and health to jump through their hoops is a recipe for ruin, chances are if you have a dodgy history you deserve your suffering and if your a victim of fraud or something that put you in such a situation its because karmically your deserve it as well. God sends the fraudster and the thief because you owe something, theirs no escape. Suffering is a way to pay back what you owe, so accept it and move on, stop stealing defrauding people and your debts will solve themselves.

Who the fuckcares about J credit scores. Bunch of commie bullshit.

Did you know that paying your bills on time and NOT carrying a balance will impact your credit negatively?? It will LOWER your score, cos you're no use to the elite!

Phenn: your thoughts on this?

Ha! I work for one small law firm in south Louisiana. Maybe other companies have different standards.