by John Cooper,
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on the net: http://www.707creditscore.com
UNITED STATES, Nov 03 — In order to remove derogatory items from your credit report you have to dispute the credit bureaus. There are two options to do this.1.Which ever method you choose negative credit can be removed from your credit report
I
n order to remove derogatory items from your credit report you have to dispute the credit bureaus. There are two options to do this.
1. Craft a dispute letter
This option will require you to write a letter. In this letter you will need to identify the negative mark and provide and explanation as to why it is inaccurate.
Reasons often include; not my account, amount is wrong, item is out of date and etcetera. You must send this letter to each bureau.
2. Hire a professional credit repair service.
Using this method the service will create a letter on your behalf and send it to the bureaus. These services have advanced techniques to remove negative credit such as; debt validation, creditor direct intervention, and escalated dispute information requests.
I recommend hiring a service if you have multiple bad credit items on your report. However if you only have one or two items then you can do it yourself.
Upon receipt of your "valid" dispute letter the bureaus will hold an investigation. If the negative mark can not be verified then the bureaus must remove it from your credit history.
You should know that it is common for credit bureaus to use stall tactics to avoid conducting an investigation. This is because the bureaus spend potential profits when they conduct an investigation.
The Fair Credit Reporting Act says the bureaus must investigate a disputed listing and if it is found unverifiable it must be removed from your report. The difficulty is getting the bureaus to find you dispute letter valid.
If you are struggling with this then I suggest hiring a professional. However with persistence you can get the bureaus to deem you letter valid.
Frequently an investigation will result in a bad credit item being removed. This happens because many lenders are not willing to spend the resources to verify debts.
Which ever method you choose negative credit can be removed from your credit report. You do not have to wait the full seven years.
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