can erroneous negative hits on a credit report be completely erased?

Question

I had negative reporting for a mortgage that went into foreclosure by mistake. It was corrected by the company but 10 months later. Is there still additional damage to be aware of?

Answer 1

Rocketgirl's response is exactly why I spend a lot of time here answering questions. Too many people do not understand the law or procedure in dealing with credit bureaus.

I can GUARANTEE that if you follow the procedure, any incorrect information on your credit report will be removed within two months. If not, I can GUARANTEE that you can sue them very easily for $1000 through small claims court. I've done it, and I've helped others also.

Just do your research.

In this case, do what was suggested. Go to http://www.annualcreditreport.com and get a copy of your history. If there is any incorrect info on it, report it. Read the Fair Credit Reporting Act and follow the procedures.

Answer 2

If a third party saw your credit report can they see a foreclosure? If it was erased from the report then a creditor will not see it because it was erased to the point that it never happened. It works similiar to a driving record. As an insurance agent, I see whats on your driving record if you have the court system take it away from the report, I don't see it, I don't surcharge you anything.

Answer 3

I had something like that happen too, it took FOREVER to get it straightened out, and occasionally, i would pull a credit report just to make sure it was clean again......i got a credit report i guess 2 years in a row, and the neg that was on there erroneously FINALLY stayed off.....

Answer 4

Send for a credit report to the 3 major companies. That way you can see if it is still on your credit. If you can prove the error, you can
MAKE them remove all derogatory remarks.