How to Remove Negative Items from your Credit Report
A credit report is a detailed statement of an individual’s credit information. Companies report to credit bureaus and build a report with that information. This means that if you consistently pay a bill off on time, it shows as a positive item on your report, which adds to your credit score. But, if you are late on payments or ignore bills your credit score will go down. With all this reporting to credit bureaus, it is possible to have negative items and mistakes put on your report. It is important to make sure your credit report is accurate because a bad credit score can mess up everything. Having bad credit will stop you from getting a house/apartment, a credit card, a car, a job, and more. Luckily, you can get these items removed.our text here...
Disputing Incorrect Items
Disputing is the best way to get incorrect items off of your Credit Report. Disputing is when you reach out to one of the three major credit bureaus (Equifax, Experian, TransUnion) and ask them to correct information on your report. You can dispute things on their websites or write a letter and send it by mail.
Goodwill request for Deletion
Goodwill request for deletion is a more approachable and gentle version of a dispute letter to the creditor. When writing one of these letters you should admit that you were late but say that you are a reliable client and that you won’t make a mistake again. This strategy is more effective than disputing if you do not have a lot of negative items on your report and if you have been a great client for a while.
Send a pay for Deletion
If a goodwill request for deletion did not work out, pay for deletion is more likely to get a creditors attention. Offering to pay to get a collection or judgment off of your credit report is not the same as paying the debt. Payment for deletion letter lets a creditor know you are willing to pay off a debt that they say you owe. You’re asking for a contract saying they will remove the negative item from your credit report.