How can I get rid of negative entries on my credit report?

Question

I read up on it a little, and sent in a few dispute letters, but it came back as verified and only made it worse >_<. Alot of the derogatory items are outdated, and there's a few things that aren't even mine! How is this coming back as verified? If anyone can shed some light, or knows of a reputable credit repair company, it would be greatly appreciated.

Answer 1

If the items are less than 7 years old, they are not considered out of date. You repair your credit by paying your bills on time to show creditors that you are responsible.

Answer 2

When you contact the credit bureau and dispute an item, all they are required to do is "verify" the debt. That means the will contact the creditor and ask if the information they have is accurate. If the creditor says that it is, the item will stay on your credit report.

Note that there is no real investigation that takes place. In many cases, the creditor just returns the form back to the credit bureau without checking anything.

In 2003, after an FTC report stated that the vast majority of credit reports contained inaccurate information, Congress passed the Fair and Accurate Credit Report Act. This act laid out a very specific procedure that consumers must follow in order to dispute errors on their report.

Not only do you send a dispute letter to the bureaus, but you must send a "demand to validate" letter to the creditor. "Validation" means they must supply you with proof you have a legal obligation to pay this debt. That will include contracts, bills, receipts, and everything that was used to calculate what they claim you owe.

If the creditor fails to send this information within 30 days, the item must be dropped from your credit reports.

In severe cases, you may have to file a simple small claims court suit against the creditor. This is easy to do. I did this a few years ago and won $1200 for my troubles.

See the links below as they will go over this procedure, and gives some sample letters to go by.

Answer 3

When you dispute an item, the credit bureau contacts the reporting creditor and ask for verification. The creditor only has to come back and say yes that's correct.

If the item is more than 7 years and 180 days from the date of last activity (DOLA) which is the charge off date, they should be able to re-age it. Dispute it again emphasizing that the account is past the 7 year reporting period.

You may have to contact the creditor and demand written verification. Tell them it's not your debt and insist they provide documentation to prove it is yours. Send it certified mail, return receipt.

If the creditor doesn't get back to you within 30 days, dispute with the credit bureau again with a copy of your letter, showing that the creditor failed to provide any proof/

Don't waste time with a credit repair company. They will just take your money.

Answer 4

This is what I do for a living. It is not a hard process, but it does take a lot of time and diligence. First thing that needs to be done is to review all three reports. While you may have a collection item on Trans union, that doesn't mean that they reported it to Experian and Equifax too. Treat each report and each debt individually. In addition, sometimes you will have an item listed by both the creditor AND the collection agency. This requires more of an effort to get both deleted. If you have items that are "not even yours", a decision should be made on how to approach the problem. For example: fraud, wrong party, id theft, etc. And find out WHO is making the error, the credit bureaus or the creditors. That makes it easier to repair. Obviously, I am unable to answer your question with specifics. Each credit report is different and requires a different approach. I should also mention, based on the general overview you have given, this should not be an expensive ordeal for you to hire a professional. Do not be over charged. If you wish to discuss your report further, or have additional questions, please feel free to email me.

Answer 5

Hi there. I've been using a credit restoration company for awhile, called FICO Credit Solution (not sure if that's different from credit repair, but either way, they helped). They have alot of different services, but with the one I picked, they find and dispute the errors on your credit report for you. They've been around for awhile, and they have a refund policy, so I'd say they're pretty reputable. They even analyze your reports for free, so you know what they can offer you before you commit. And you'll learn what determines your FICO score, and some simple things you can do that will help it out naturally. Not sure where you're located, I think they're based in the bay area, but everything can be handled through their website. Hope everything works out. Take care.

Answer 6

in case you have marvelous expenses, call the touch variety for each invoice and grant a freelance -- they are going to now and returned settle for a share of the debt owed just to sparkling the account. repay the expenses, and wait. it could take in to 7 years for reliable or low credit products to fall off your credit report. it is as much as the guy agency no rely if to proceed to report it after the invoice has been paid to maintain the adverse credit hit -- some do, some do no longer.

Answer 7

1) Prove them false

Or you have to wait for the 7 year expiration .
( 7 years from the last date of activity / payment )

Answer 8

what do you mean not even yours? you didn't clarify enough?
wrong name? wrong birth of date?

if so provide proof and dispute it again

Answer 9

http://www.ficocreditsolution.com...