How To Remove Bad Credit
Need to know how to remove bad credit? Bad credit accounts may appear on your credit report for seven to ten years. If this time has expired, you may request that the credit bureau remove it. You may also request to have bad debt removed that is inaccurately listed, such as, an account that you paid but doesn’t show a zero balance. The three major reporting agencies: Transunion, Experian and Equifax that maintain credit reports may be contacted to begin the process of removal.
- Obtain a copy of your credit report. You may contact Annualcreditreport.com to receive one free credit report per year. If you have been turned down for credit within the last 60 days, you may qualify for a free report from each reporting agency. Review the item that you wish to remove and record the account number and the creditor’s name.
- Contact the original creditor. If you still owe on the account, you may be allowed to negotiate that the creditor remove the account from your report if you pay if off.
- Contact all three credit reporting agencies and request that the item be removed. Be prepared to give an explanation as to why the item should be removed. You may also visit the credit reporting agency’s Website and submit an online dispute form.
- Provide the agency with the account information, including the creditor’s information. The agency will a dispute file and provide you with a file number.
- Allow the agency to investigate your claim, which may take up to 90 days. You will receive a response by mail with an updated copy of your credit report.