Removing Negative Items from Your Credit Report
If after reading below you feel that it
will be too complicated to remove the negative items from your credit
report we strongly suggest that you use an accredited legal firm to do
this. The cost is around $89. We suggest using
www.macylegal.com
When
you request for and receive a copy of your annual credit report, do
you just keep it for filing or do you immediately study the report to
look for inaccuracies? If you will not do the latter, there is a big
possibility that you will end up with a bad credit score because most
– if not all – of the annual credit reports that will be sent out to
you will have errors or inaccuracies. This is the reason why, as soon
as you receive your annual credit report, you need to look for errors
and compare the items against what you have on your financial folder
so that you can dispute any inaccuracies. Removing negative items from
your credit report is necessary if you would like to maintain a good
credit score.
Before moving on to how you can remove
negative items from your credit report, you need to first learn how to
obtain a free annual credit report. By logging on to
www.annualcreditreport.com, you can request for your annual and
free credit report to be sent out to you. The report can be from
either of these three credit reporting agencies: TransUnion, Equifax
and Experian. Financial experts suggest that you get the annual report
from all three companies so that you can take a look at all of the
free annual credit reports that they send out, and this will be your
basis for comparison.
To learn the key points in removing
negative items from your credit report, take a look at these tips:
-
Review the free annual credit reports
which are sent out to you and file a dispute for the inaccurate
items which will negatively affect your credit score.
If you find a lot of negative items to
dispute, an investigation will be held and if the negative item cannot
be verified at a particular span of time – then it should be removed
from your records. Do the reviewing yourself rather than going for
one of those credit repair companies which may prove to be a scam in
the end. Fixing your credit cannot be done overnight, no matter how
their advertisements portray to do so, But if you do the reviewing of
the items yourself and by following the steps necessary to file a
dispute for the negative items listed on your credit report – you
might just be able to start building a positive credit history for
yourself.
-
Request to delete any information on
your credit report that is outdated.
If you have previously filed for
bankruptcy, the information should be removed from your records ten
years after the date that it was filed. Another negative information
that should be scrapped – after seven years – is a collections status.
These items will inadvertently hurt your credit score, and are
considered to be negative items that should be removed from your
credit report as soon as the allotted time has elapsed.
By following these tips, you can remove
items from your credit report and start working your way towards
building a positive credit history.
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