Credit reports: Have you been successful at throwing yourself at the mercy any of the credit agencies?

Question

I do not have a great excuse other than I was laid off when something was reported on my credit. Have you ever been successful at getting something removed from your report that wasn't there "in error?" I do not know if it is even worth trying.

Answer 1

Here's the deal the quick answer is Yes. However, it's a matter of knowing the law and using it.

Is the tradeline being reported by the original company or has then debt been sold or transferred to a collection agency? Are you 100% positive you owe exactly what is reporting and to the person that it reporting it? What type of debt is it? How old is this debt? How is it reporting?

These questions are important to ask yourself so you will know where to start.

You need to read and understand the FDCPA (fair debt collection practices act, FCBA (fair credit billing act), FCRA (fair credit reporting act), know your state's statutes of limitations...just to name a few.

You will then need to go through each line of the reporting tradeline with a fine tooth comb. Once you understand the FDCPA/FCRA it will be much easier to do. You will look for reporting violations in the tradeline. These violations can be your leverage to have the account deleted.

Understand if.....and thats a big if (considering there's a 70% error rate) the tradeline is reporting 100% accurate, chalk it up to another hard knock from life. If it's 100% accurate it can and should remain there for 7 years from the first date of delinquency.

Good Luck!

Answer 2

Unless there is an error, the item should stay there. You can try to dispute the item and hope it gets overlooked and not verified. But, what are you going to dispute? You have to put a reason behind the dispute, so basically lying on the dispute would be the only choice. Any company that will help you remove accurate items should be avoided.
If it is accurate, leave it and start building up your credit.

Answer 3

Believe it or not, there is nothing you can't have removed from your credit report. It usually requires hiring a professional, though. Legitimate items are a bit more difficult to have removed than other items and only those with a very good knowledge of the Fair Credit Reporting Act will know how to remove that kind of information from your report. If you try it yourself, more than likely, you will run across the brick walls of "verified" or "frivilous", which means that you will not get any farther. You will then have to hire a credit restoration specialist to do so for you or you will have to live with the item on your report for seven to 10 years, depending on which state you live in.

When deciding on which company to use, I recommend extreme caution. There are a lot of people out there who have bought a do-it-yourself kit and think they can restore anyone's credit report. Unfortunately, there is no "cookie cutter" approach to credit restoration that will apply to every situation. I can recommend a company if you want me to, but if you prefer to do your due dilligence on your own, read this article first: http://EzineArticles.com/?id=446559

It is a very good article on how to tell the legitimate companies from the rest.

If you have questions regarding any of your credit issues, you may email me at [e-mail]

Answer 4

no