how do i remove negative account history from my credit report?

Question

i have a copy of my report and although all put one account remains open , some closed are in my negative history list!! i am trying to raise my score.. for the pat three years i have been paying off all my debt and have only one thing remaining how can my reprot reflect my efforts over the past few years...

Answer 1

Hi there, this is the site that covers your questions from all aspects:
http://credit-cards.ebookorama.com
and here there's some info too
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
if it helps please remember me :-)
good luck!

Answer 2

You can dispute those actions directly with the credit reporting agency, either online or by writing letters to each individually. While this may be time consuming and a lot of work, you have been working hard the past 3 years and deserve for this work to reflect on the report. You are only supposed to dispute the items you feel are not valid however, what will it hurt if you dispute all the negatives? You may improve your scores and reports more.

Answer 3

There are only two ways a negative item can be removed from your credit reports.

1) The creditor must remove it

2) The creditor fails to respond to a dispute investigation from the Credit Reporting Agency.

Your problem is trying to get the creditor to change your report. Now that he has your money, you are going to find this very difficult to do.

Lesson learned: Never pay off your debt until the creditor agrees IN WRITING to remove any negative information from your credit report.

All you can do now is dispute it and hope that the creditor doesn't respond.

See the link below for all the information you need on playing the "dispute game".

Answer 4

You will have to call or write to at least one of the three main US credit reporting agencies.
A credit rating agency (CRA) is a company that assigns credit ratings for issuers of certain types of debt obligations. In most cases, these issuers are companies, cities, non-profit organizations, or national governments issuing debt-like securities that can be traded on a secondary market. A credit rating measures credit worthiness, the ability to pay back a loan, and affects the interest rate applied to loans. (A company that issues credit scores for individual credit-worthiness is generally called a credit bureau or consumer credit reporting agency.)

Interest rates are not the same for everyone, but instead are based on risk-based pricing, a form of price discrimination based on the different expected costs of different borrowers, as set out in their credit rating. There exist more than 100 rating agencies worldwide.

Try to contact Experian...

Answer 5

If the negative history is incorrect, then contact the credit agency where you got the report from and explain why it is wrong. If the negative history is correct, then you just have to wait. Normally, things on your credit report stay there for 7 years.

Answer 6

Nothing much you can do if the negative reports are true. Otherwise, you can dispute them and the credit bureau will investigate and remove them if proven to be untrue. The reports will remain in your record according to the provision of the Truth in Lending Act - 7 or ten years for bankruptcy, etc.

Answer 7

It will take 7 years for the bad debt to drop off. But if you paid them off you should be good. Every 30 days they refresh your credit so to say. And i also suggest getting an account at a credit union to help build up your credit score.

Answer 8

Time heals all. Your negative history should theoretically drop off in 5-7 years. Not much else you can do, short of filing a dispute. But, if the negative history is correct, then a dispute will just confirm it. So, my advice is to just give it time and keep your eyes on it.

Answer 9

Just showing that it is paid an no longer open may help alittle. You will have to wait 7 years or more (depending on what it is) for it to come off your credit report. That is 7 years from the date of deliquency.

Answer 10

Wait 7 years

Answer 11

there are two agencies that work out of the canada area, they are equifax and trans canada. every time you ask for credit it goes to these two companies. every person has what they call a beacon score. what that is you have a credit limit with what you earn and can afford to have, once you have reached your beacon score your tapped out. they keep every single file on you for years until the company writes them to tell them differently. so even if you have paid off your credit, unless that company calls to confirm your off, it still remains, which will reflect on your credit; you have to submit in writing along with prove of id that you have paid these off. the only thing that should be remaining on your credit file is that youve paid in full or the current credit. here we work on a scale of R1(best) to R10(don't touch) if you have R10 no one will help you except a broker. the only thing i can suggest is write to the agency that has your files and let them know that you have paid off most of your debts and that you wish for your file to reflect the changes you personally have done. the one that is left you will have to wait until full payment if made and wait 1 year from that paid in full date. be prepared to have to get a cosigner for your first attempt at credit after that is complete. good luck