How can I remove negative information from credit report?

I opened a credit card account through my old employer (Circuit City) in 2001 when I was 17. I made payments on time until 2002 when I joined the Armed Forces and was unable to pay on my account due to not having the account information available at the time. Consequently, it was keyed negative on my credit report and by the time I was done with Basic Training it went to collections. The collection agency was sending bills to collect the debt back home. When I had the chance to receive the letters, I called the collection agency and made an arrangement to pay the debt. The credit bureau then marked it as a charge off; paid in full on my credit report. After a few years I tried disputing this hoping to get it removed, but the bank denied the request. So I've been suffering since and now its 2007. I guess I supposed to wait until 2009. My questions are, can I get this removed and when it is removed will my credit score rise? When inquiries disappear from my credit report, will it rise?

How can I remove negative information from credit report?
you can dispute all erroneous items online with the 3major bureaus. it's very easy..and you can see results within 1-2months. there is a section that you can indicate you were in the armed forces with transunion. make sure you are disputingg with the agencies not with the bank. sometimes it takes a while to do it. you can also remove those inquiries...and dont have to wait for 2yrs.
Reply:dispute them, you can go to experian.com equifax.com and transunion.com and dispute the accounts or you can mail a handwritten letter with a copy of your drivers licence and social sec card to the 3 companies. you can also check out www.myfico.com for any questions you have
Reply:Sorry, but only information that is not correct can be removed from your credit report.





Derogatory information stays on your report for 7-years from the date of first delinquency.





Look at it this way, a paid collection looks a whole lot better then a unpaid one.





And yes when these things drop of your report your score will increase.