Disputing negative items on credit report?
Oh my these answers! OK, first you need to understand how the "game" is played. I assume you have read and understand the Fair Credit Reporting Act...if not do so now. The law is very clear. If there is an error on your credit report, you have the right to report it. The credit bureau MUST verify that the information is correct, so they MUST contact the creditor. If the creditor does not respond back within 30 days, the item MUST be deleted. Many times, the creditor does not have your records any longer, or they just don't bother to respond. Either way you have now deleted a negative item. OK so the debt is accurate and you do owe them. But read my previous statement.....if there is an error...ANY error...it must be investigated. You are right...if you dispute every item as "not mine" then the credit bureau will file your dispute as frivolous and do nothing. But is that balance they claim you owe accurate? Maybe the collection agency padded it with illegal fees? What about the delinquency date? Did they illegally re-age the debt? By law, they must report the accurate delinquency date within 90 days of posting it. Did they just make up a date? Can they prove it? The FTC did an audit of thousands of credit reports, and it was determined that nearly 60% had some type of error. What you are going is using their incompetency to your advantage. There is nothing wrong with doing this! You are not lying! You are simply enforcing your right to challenge inaccurate info. Yes, you need to dispute items with each of the credit bureaus, as they do not share information between themselves. You can do them all at once in the same letter. Must important...you do NOT need to hire a credit repair agency, as this is EXACTLY what they do, and they will charge you a whole lost of money. Don't forget...you must also send a letter to the creditors and demand that they VALIDATE their debts. They must supply you with copies of contracts, bills, receipts, and everything they used to calculate what they claim you owe.
How can I remove a paid collection report from my credit report?
Depends on the Collection Agency that you paid off.You’ll need to:Address via written request that they remove the collections account from your Credit Report as you no longer owe them anything,If they fail to ‘nicely’ correspond to your request, dispute it with the CRA that the item is showing in,Or, at worst, if nothing works, you may have to legally threat them by way of identifying FCRA and FDCPA Violations (Trust me, you’ll almost always find a few).No matter what, the mere aspect of a collections account being on your credit report, I can confirm that there is at least 2 violations and punitive damages that they are immediately liable for. There are supporting case laws for this, you can find them easily.Hope that helps.P.S / Never pay a collection account without demanding your terms as part of the pay off. Such terms should be that your information will no longer be sold to any further debt buyers, that the item will come off from your credit report, and that they will accept the payment as the last and final payment.Thanks
Should I dispute everything on my credit report even if some items are correct?
Hi. I have 3 debts not that big but they pop up under all three bureus, like for example i have one that is $425.00 but on all three bureus it comes up as a different name and different account number but same balance and they all say open, Im 23 yrs old i wanna clean up my credit but don't even understand how it works i dont have money to hire some company to do it, so i have seen many answers say to just dispute everything but i dont want that to come bite me in the a** later my score is mid 500 and the other two coll accounts are $100. and $119 should i just contact the creditor and try to settle or dispute? If I pay off will my credit go up? How can i clear all this up and get my credit score up.HELP!
If you pay off a charge, then will it come off of your credit report?
No. Generally it lasts 7 years from the date of last activity.It can be reported as paid. Keep your receipts as collection agencies are only as good as the people running them. They can be slow to report.Also if you are in decent financial shape and can make a 1 time payment in full they often negotiate the balance down to get it off the books.If you have numerous collections be careful. You are risking garnishment if your job is stable and the debt is large enough to warrant the court fee.
How come I do not have a credit rating score?
To make a long story short.. I HAVE NEVER had a credit card, I have never had a CAR LOAN. etc... I Have NO DEBT AT ALL. I OWE NOONE ANYTHING... I Never have charged anything. I have always saved my money and bought what I wanted to include cars, truck etc. I do not want a house so never bought one.. How come Now If I try to check My credit score I get a message saying there is no record of me? I cannot start my Social Security ON LINE as the SS office says they cannot verify who I am.. BUT I DO have tax returns, income records SS number etc. just NO RECORD of loans etc. so I have no score.. HOW CAN I GET A CREDIT SCORE TO PROVE I AM SOMEONE.. NOT A REPORT I CAN GET THAT I JUST CANNOT GET A SCORE...
How long do I have to wait to not pay medical bills before they go off my credit?
The FCRA is clear on how long certain derogatory items may remain on your credit reports. Unless you reaffirm the debt, it may remain 7.5 years from the date of last delinquency. The FCRA specifically states 7 years from charge-off. Creditors typically charge off debts 6 months after the date of last delinquency.If sued and a judgment is obtained, that judgment can stay on your credit reports for a very long time. Judgments are typically valid for a certain period of time. However, generally when that time period is up the judgment creditor can file to have the judgment revived or extended. This further extends the time they can remain on your credit reports.
I had 26 items removed from my credit reports how much will points will it jump up to?
Perhaps your credit score will not increase even if 26 items were removed from your credit file. Because credit scores are given based on merit and credit usage history; not based on how many items we have listed or removed from our files. However, things to consider would be if there is still a negative account in your file then that would put a great delay. But the fact that you were able to remove those items are very good news because most people have the miscomception that just because they open a dispute with the credit Bureus, the negatives accounts will be removed and many people cannot acomplish that.Now that you have removed those 26 negative items off your credit report the next thing to do is to open up a credit card or get a loan, even a small loan. Make payments on time and that is how you will start seeing your credit score go up.However, there may still be a lingering issue that will prevent you from making any progress since there is more than 1 credit reporting Bereau agency and unfortunately, the credit Berueus have been allowed to do whatever they want. So the fact that you were able to take off 26 negative items does not mean that those 26 negative items were revomed from the other credit reporting agencies database so I would recommed you tk pull out your credit report from the other credit reporting agecies as well.
Does anyone know how I can Remove Capital One from my credit report?
It would have been cheaper to pay ther card on time; $20 a month is better than having all this mess you have created. Once it is on your credit report as a charge off you are not going to get it off legitimately. You CAN get it off, but you have to be willing to dispute the thing with lies until someone makes a mistake and it comes off. I have done this and here is how it works. The credit bureaus have 30 days in which to verify a disputed item. This means contacting the creditor to ascertain that the item is correct. If for some reason they do not get a response back from the creditor within the required time, then they have to remove the item from your credit report. You may have to do this with Experian, Trans Union and Equifax if Capital One reports to all three. Equifax is the hardest. What you do is this: send a handwritten dispute to the credit bureau stating that the negative item is not yours, that you never had a Capital One credit card, that it has to belong to someone else with the same name, and that you have never been late with any payments. Even though none of this is true, you have to say it, and if the credit bureau cannot verify the accuracy of the item then it must come off. It might take a couple of years to do this but it can be done if you keep at it. i know this works because I have done it. You will have to send the same disputes over and over again about once every 60-90 days until someone slips up. It's easier and cheaper, though, just to pay your bills on time. The negative item will remain on your credit report for 7 years after it is paid; 5 years is incorrect. Bankruptcy stay for 10 years, and some Federal tax liens stay on forever if not paid.
If/when i pay off my debt how long will it take to come off my credit report.?
*sigh* Lots of wrong answers again. These folks just refuse to do any research...and don't even read past Yahoo answers because this very same question gets covered over and over. Das is on track though. Let me go over this again. When you pay off a debt that is in collections and is being reported as a derogatory item, all the creditor is required to do is show "paid" on your credit report, and show a zero balance. But all of the negative information such as late payments, collections, and charge off's is still there. It's still a derogatory item. In other words, you can pay off this debt and it will NOT help your credit score one bit. To make matters worse, it will reflect new activity on this item. Your credit scoring formula gives new items more importance to your score, and this "paid" item can actually HURT your score even more! Don't believe me? Ask any mortgage officer. They advise their clients to wait until the last minute to pay off their debts, so their score doesn't take a big hit. Or ask any who attended a Fair Issac scoring seminar. So what you need to do is follow DAS's advice. Send the creditor a negotiation letter. Agree to pay off the debt, but in exchange they must agree IN WRITING to delete this debt completely from your credit report. Many collection agencies will tell you they can't do it, or it's against the law. Trust me, I've done my research. There is nothing in the law preventing a creditor from deleting an item they posted. And there is noting in the credit bureau's agreement preventing it either....I've read them all. If they tell you they won't do it, it's for one simple reason. They want to continue to punish you. They will lie to you about how it will actually help your score by paying the debt, but as I just explained to you the opposite is the case. Should you pay? Here is how I see it. When you failed to pay your debt, the creditor gave you two choices. Pay up, or they will destroy your credit for the next 7 years. Well, they now posted to your reports, and your credit is ruined. Why on earth should you have to pay this debt a second time?