It is not uncommon for life to throw us a curve ball sometimes. Such as a sickness in the family, getting laid off from a job, or simply not being able to make ends meet.
Typically this results in you falling behind on bills, and that will cause creditors to create bad credit marks on your credit report. There is a lot of information that says these bad credit marks must remain on your credit for seven years or more.
This is not true. The truth is bad credit items can be removed and are removed every day.
To delete bad credit from your report you should dispute each mark with the bureaus. This is done be sending a dispute letter in which you give an explanation as to why the item is wrong such as; not my account, account paid in full, item is out of date, information is wrong, etc.
Once received the bureaus will conduct an investigation. They will contact the creditor and ask them to verify the account, the dates on the debt, and the total on the debt.
If it is not verified then it must be removed from your credit report. This is according to the Fair Credit Reporting Act a federal law.
This is the act that is cited when people claim an item must remain on your credit report for seven years. This act specifically and plainly says an item can remain on your report for a maximum of seven years, nowhere is anything said about the minimum amount of time a mark must stay.
Unfortunately this false information is leaving many feeling hopeless and frustrated paying the high cost of derogatory credit. However you dont just have to live with this, you can remove each and every derogatory credit item that is on your report.
The truth is every item can be erased.
You can create a dispute letter or you can employ a service to dispute bad credit for you. Disputing bad credit is 100% legal and you will never have any fines, jail time, or arrest.
The bureaus have financed a large pr campaign to get this false belief to consumers. This is because the bureaus spend potential profits every time they investigate a dispute.
If you dispute your credit yourself be prepared for the bureaus stall tactics. Frequently they will respond to a dispute letter by requesting more information.
This isn’t because they need the information but it is used as a stall tactic. This is often when individuals give up on repairing their credit and decide to just live with a low score.
You don’t have to live with the high cost of bad credit. You can dispute and remove any mark from your credit report. This will give you and your family with the quality of life that you deserve.
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