How To Repair Credit Report

How To Repair Credit Report

Repairing Credit Report Is Debt Management Tool

Credit is one of the things in life that can put a great deal of stress into an otherwise okay world. Credit imposes a rating on us that defines who we are. If our credit is flawed with late payments or even bankruptcy, we are treated different than if we have Good Credit. Good credit ratings open doors in times of hardship and helps garner us the respect we deserve.

If your goal is to repair your Credit Rating the first step would be to get copies of your Credit Reports. You can get free reports any time you are turned down for credit by a Credit Card company, however in light of the ping your credit rating takes to have someone look at your rating as a possible lender, it may be worth just paying for them. Once you receive the reports, look them over very carefully.

If you have anything that looks out of the ordinary or suspicious on them, you should instantly file claims with the three main agencies. These disputes may remain on your record for up to six months while they are investigated. In the meantime, you should identify any delinquencies on your report and being to take care of them as soon as possible. Even making partial reports can keep delinquent payments from showing on the reports so be sure to talk to your creditor and agree upon a repayment plan. Once you establish what is on your report at this time and how you are going to take care of the items that are showing, make a plan to check it again on a regular basis to ensure there are no new unknown charges and to verify your efforts are working! This is the first step toward a lifetime of good debt management habits.

About the Author

Clinton Maxwell regularly publishes summaries on areas relating with investing and debt relief. You might come across his
abstracts on how to eliminate debt from Credit Cards
over at http://www.debtania.com .

How do I get a collection removed from My Credit report?

This is a charge that should have never been entered. At the time I was dually insured from my employer and the state to cover anything my employers insurance did not cover. The charge is from 3/2002. I have disputed this 3 times through Equifax and once from both Tran union and Expiren. They finally called me last week so I finally have a number for them as none has ever been posted and if I did a Google search this creditor never showed up. They only listed a P.O. Box. I have over the past year completely repaired my credit but cannot get these guys to remove there listing or even research this debt. HELP!!!!

I'm not sure by your explanation what the debt was about, or whether it can be removed or not. But there is a set procedure for disputing any negative listing. All you need to do is follow it.

The link below does a good job at describing it, but here is a brief walk-through.

Send a letter to the Credit Reporting Agency and dispute the listing (sounds like you already did, but you need to have a certified letter to prove it). They will contact the creditor and request that the debt be "validated". All that means is they ask if the debt is legitimate, and no real investigation is done. If the creditor says yes, the listing stays on your report.

Get the contact information from the CRA (you say it's that PO Box...good enough) and send a certified letter demanding that the "VALIDATE" the debt. That means they must send you copies of contracts, bills, receipts, and everything used to calculate what they claim you owe. If they do not send this information within 30 days, send another letter, along with a copy of the "validation" letter, to the CRA and demand that the listing be removed due to lack of validation.

If still don't remove it, file a small claims suit.

If you need any help, contact me.

 

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How To Repair Credit Report

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Filed under: Repair Your Credit

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