How To Clean Credit
How to clean your credit involves improving your credit report. There are several ways to clean credit, depending on exactly what you want to have removed from your credit report.
- Request proof of debts stated on your credit report. If you have debts that you do not believe are yours, you can send a proof-of-debt letter to the lender. Under the Fair Debt Collection Practices Act, collection agencies and lenders must submit proof in order to continue collecting on or reporting debts. If the collection agencies or creditors do not submit proof of debt, you can contact the Credit Bureaus to file a complaint and/or to ask them to remove the negative information from your credit report.
Dispute any incorrect information with the credit bureaus. Equifax, Experian and TransUnion are the three major bureaus. They each allow you to file a dispute about a particular debt right from their online websites. Only dispute debts that are legitimately not yours as, otherwise, the debt will likely not be removed anyway when the credit bureaus check with your creditors and receive evidence that the info is right.
- Contact your creditors to ask them to remove black marks from your credit report. If you are a good customer and you haven't been late recently, they may be willing to remove records of late payments from what they report to the bureaus. It is worth a phone call to ask if your creditors are willing to consider this. The worst they can say is no.
Posted on: Apr. 11, 2010