Letter to credit company to remove old bad credit?

Question

My 7 years is coming to an end, and I need some advice on how to remove old bad credit from my report. I have to contact the account holder, but how do I do that without making the account active again. I understand not to include SS# , but do you have any other advice how I should go about this? What to say? What not to say? I really appreciate all the help I'm getting

Answer 1

If the credit company you are talking about is a collector, you might send them a debt validation (DV) letter.
Do not sign your signature to any correspondence that you send to a collector, only type your name or print your initials.
Send it certified mail return receipt.
If the collector is reporting on your credit reports, when you receive the signed green card back from the DV then send a dispute to the CRA's (credit bureaus)

If only the original creditor is reporting, don't send anything to them at this time. Send the CRA's your dispute first.

For the CRA's, you might send something like the following:

Your name & address

CRA name & address

Re: Account #xxxxx
My social security number is xxx-xx-xxxx (yes it is ok to give the CRA's your SSN)

Dear CRA,

I have included a copy of my drivers license and a copy of my utility bill as proof of my identity.

I have no knowledge or records for the account #xxxxx that is on my credit report #xxxxxx.

Please inform me of the name and address of the original creditor **and of the current reporting account holder.(**include the starred sentence if there is another company also reporting, Omit the starred sentence if only the original creditor is reporting)

Please inform me of the reported date of first delinquency as any account I may have had at one time would be obsolete at this time.

I am also requesting the name of the person that provides this information and the manner in which it was provided so that I may persue legal remedies if I so choose.

Sincerely,
Your signature (yes you can and should sign your signature to a CRA dispute letter)

*If your drivers license shows a state ID number in lieu of your SSN then use a marker to cover that number up. Also use the marker to cover up your utility bill account number
(they do not need that info and marking it out will keep them from selling it)


Again as I mentioned in your other quesiton, you might click on my profile and do some reading in the last link I have listed (you might start reading in the Newbie Forum). It is a "free" credit discussion board where you can learn how to use your rights. There is also many sample letter templates that you can freely use.

Answer 2

It should come off automatically in a short period of time. It might work to simply wait for it to be seven years old and then dispute it through the credit bureaus. If you do it on line I think they may even have that as a reason to dispute the in question trade line.

If it is paid off, they probably wont even respond to the dispute.

Good Luck

Answer 3

Contact the credit bureau and explain to them that there is an incorrect information on you credit report. In order to do that you must get your credit score first.

http://creditrepairrevolution.com, this website is not only a credit repair website but gives you alot of information on how credit works.