Question by -♥-Ciara-♥-: Credit Report?
I have alot of negative items on my credit report.. what’s the best way of getting these removed quickly? If i write a letter to the creditors explaining why i didn’t make a payment.. will they remove it? im 21 yrs old and need to repair my credit.
Best answer:
Answer by hoemer1977
nope but you can dispute the items with the credit breau’s or pay the past due debt but it is not a quick process it takes time
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Best way to fix is to know what you are dealing with. Have a copy of your credit report(s) handy. Go over each of them. Know what date the older ones are scheduled to be deleted. Pay the most current delinquencies first, and kind of work your way backward. The ones with the highest interest rate also should be at the top of your list so you don’t accrue more of a balance. Some collection agencies will delete the item if paid. Ask in advance if they will do this. Get it in writing.
Bad credit did not happen overnite and will not be fixed overnite, but it can be fixed.
Make a form letter and send it to all of the lenders/agencies who placed a negative item on your report and ask them to provide verification of the debt.
If they don’t respond within 30 days, you may dispute the item with the credit bureaus and it is very likely it will be removed.
You can place a “comment” on your credit report that shows whenever your credit report is pulled, adding any statement you wish. This would not change your score and would not likely influence a lender’s decision to extend you credit.
There is no really quick way of getting negative items removed. Either wait the 7 years from last payment for them to drop off, or start repaying them and that would reflect well on your score – but it would take a couple years of good history before that would happen.
I was told to pay all of my credit card bills prior to their due dates. Set a good example of bringing your trust back up again. It’s also helpful to get another loan and make them payments on or before time. And once your loans are payed off, you’ll definitely get a boost in your credit ratings. I sure hope this helps.
You can’t get it removed unless you can prove that it’s wrong. The only way to fix your credit record is to build a long-term record of paying on time.
you should go to http://www.vurl.us/credrep/ because they helped me a lot in fixing up my credit report. its a great free service.