Methods of Deleting Negative Credit Report Information
Deleting bad credit from your credit reports is the quickest and most powerful way to improve a low credit score. There are two techniques you should use to erase negative, inaccurate, out-of-date, or questionable items from your credit history.
Deleting Bad Credit – Method #1 - the most common method of deleting bad credit is to file a dispute with the three major credit bureaus (Equifax, Experian, TransUnion). The credit bureaus have 30 days to investigate your dispute and update your credit report (if new information is available). Often creditors fail to respond to the credit bureaus inquiry. In this case the credit bureaus are obligated to delete the negative credit item from your report.
Top 5 Most Damaging Negative Credit Items
- Charge Offs - a charge off often results in two negative listings – one from the original creditor and any successive collection agency
- Judgment/Public Record - a judgment can often attach to your home or personal assets
- Collection - even a single default can lead to a string of collections on your credit history
- Bankruptcy - a bankruptcy remains on your credit for up to 10 years (this is 3 additional years as compared to other types of delinquency)
- Repossession - repossessions are a major headache when applying for a mortgage or car loan
Deleting Bad Credit – Method #2 - the second technique to delete bad credit is to intervene directly with the creditor. This involves negotiating a payment or re-payment schedule in exchange for reporting a “paid” or “paid as agreed” status with the credit bureaus. (The creditor can be the original company that issued the loan, credit card, loan, etc.)
This technique works best if the debt IS LESS than 180 days late. If a debt is more than 180 days late, then the creditor has likely sold the debt to a third-party collection agency and has no reason to negotiate with you.
Three Critical Do-It-Yourself Credit Repair Mistakes
- Disputing too many items at once
- Sending dispute letters too frequently
- Providing “frivolous” grounds for your credit dispute
Deleting bad credit items such as charge offs, repossession, or even late payments to your credit card can often be a frustrating process. You may want to consider hiring an affordable credit repair attorney who can take care of the whole process on your behalf. The Lexington Law Firm helped us delete our bad credit and raise our credit scores.
You can learn more with a Get Started Right Now. (Don’t worry – the consultation is free
“HOW I DELETED CHARGE OFFS, COLLECTIONS, AND LATE PAYMENTS & RAISED MY CREDIT SCORE 177 POINTS!”
Learn How I Improved my credit score from 530 to 707 by deleting stubborn charge offs, collection agencies, and late payments from my credit reports -
“I went through some hard financial times a little while back. I lost my job and as a result I struggled to pay my car payment and credit card bills.
I was devastated.
I tried working with my creditors, but they made it almost impossible. Many of the credit card accounts were reported as “charge offs” to the credit bureaus without my knowledge.
To make matters, worse collection agencies got involved. They began checking my credit without my consent, which I was told hurt my credit score. There were also duplicate entries for the same accounts.
I wanted to start over, clear up the bad credit, and raise my credit score. I decided to hire professional credit repair attorneys. After reviewing many options, I chose the Lexington Law Firm.
They started the credit repair process almost immediately and cleared up four negative credit items after only 30 days! They even deleted things that I had totally given up on.I monitored my score each month and saw that my score was steadily improving.
Below is a chart demonstrating the progress I made:
I enjoyed receiving Deletion Letters in the mail each time they removed an item.
Here are some of the Deletion Letters:
$7,411 Discover Charge Off | $1108 Credit Card Collection | 90-Day Late Payment – DELETED!
$1,114 Collection Agency & $606 Collection Item – DELETED
$2,289 VISA Credit Card Charge-Off Deleted | 90-Day Late Payment – DELETED!
Lexington Law’s Credit Attorneys cleared up other negative items including a medical collection item, charge offs, and a judgment.
My Credit Score is now 707 (which is above the national average). It continues to improve every month. I actually look forward to checking my credit score.
Here is a copy of my Credit Score:
My Current Credit Score - 707!
I recommend the Lexington Law Firm to anyone who is shouldering the stress and frustration of bad credit. Lexington Law has experiencing deleting all types of negative credit items including judgments, foreclosure, and more.
The results really do speak for themselves. Lexington Law has helped many people repair their credit reports. In fact, according to the Lexington Law Website, they deleted more than 600,000 negative credit items including collections, foreclosure, late payments, charge offs, repossession, and bankruptcy!