How do I dispute accurate negative info on my credit reports?
Posted in Credit on 12/09/2008 09:31 pm by admin
shygirl asked:
I have paid collections accounts on my credit reports I know there is a way to remove them or dispute them without having to wait 7 years. Does anybody know how? or where could i get sample letters?
GARTH
I have paid collections accounts on my credit reports I know there is a way to remove them or dispute them without having to wait 7 years. Does anybody know how? or where could i get sample letters?
GARTH
12/11/2008 at 3:21 am
RON
check out the site
12/12/2008 at 9:19 am
ASHLEY
Hello Shy girl!
I call Equifax at 800-685-1111, to order my credit report about every year! Depending on your situation, it may cost $7.95 or it may even be free! When you get your credit report, there are blank forms enclosed to dispute any wrong information on your report! The forms are easy to fill out, and when you send them back, your dispute will be researched! If your dispute is correct, they will mail you a letter telling you of their findings! It’s interesting, and oftentimes there are mistakes! It’s smart to keep a file just in case your dispute doesn’t get corrected! I hope this helps!
12/14/2008 at 7:26 am
CHANCE
I am not sure I am reading your question correctly, however, if you know the negative information to be accurate, technically, there is no way to dispute it. If you want to include a statement for the account you can request a free credit report once each year (from each of the 3 major credit reporting agencies) at annualcreditreport.com I believe your can use the dispute form at each of the sites to add a statement to accounts. Also, I am not suggesting you do anything unethical but if you are not sure about an account try disputing it; who knows it may be removed. Good Luck
12/14/2008 at 8:22 am
MANUEL
You can try, but by your own statement you know that the information is correct.
Correct information can not be removed from your credit report. The credit bureaus will research the information and once they find out that it is correct, it will reappear on your credit bureau.
12/16/2008 at 1:51 pm
COURTNEY
From what I’ve been told, often simply disputing information will prompt its removal. Sometimes if the account is closed, and is no longer being paid on, the credit bureaus will contact the information provider and the provider must prove that the account information is correct. This can take time and money, and sometimes the account provider will not follow-up or doesn’t pursue it in an adequate period of time for the investigation to remain open. If this happens, the information is removed from the report.
Although, I personally can’t tell you if this is accurate, it’s only what I have been told.
I’d say if you’re trying to increase your credit, get some credit cards, keep them on time and well below the limit. At first it’ll hurt your credit in that you have several new accounts, but it should help in the long run with multiple current and paid accounts.
Just make sure you read the TOS first. Some of the cards built for low credit individuals are more theives than anything else.
29.99 apr, with $150 annual fees, additional membership fees, $20 per month services fee, and one had a credit limit increase fee of 50% of the credit limit approved.