Sunday, October 11, 2009

How do I get old debts off my credit report without waiting the 7 years?

I am 20 years old and my family always moved around a lot, because my dad was military, I recently applied for a few credit cards and all of them were denied, so I decided to check my credit report. Apparently there were 2 unpaid doctor's bills for $46 and $111, obviously if I knew about them, I would've paid them, they are very low amounts. I dont believe it is fair that they should be able to haunt my credit for 7 years because I didn't even know about them. If I pay the balances, is there a way to have them removed so they no longer have a negative effect on my credit? I hope someone can help me because this is really nerve racking! Thanks! =)

How do I get old debts off my credit report without waiting the 7 years?
First of all, you need to understand that there are only two ways to get negative information removed from your credit reports.





1) The creditor fails to respond to a dispute investigation from the credit bureau.





2) The creditor must remove it himself.





Very important!!!! Just because you pay off a debt does NOT mean it will be removed from your report. All they are required to do is show the debt paid with a zero balance. But all other negative information will stay. That includes late payments, and the fact that it was charged off and went to collections. Anyone who tells you otherwise is lying, or just plain ignorant.





Therefore, here is what you need to do.





Follow the dispute process. That involves sending a letter to the credit bureau and disputing the entry. Also send a demand to validate letter to the creditor, and make them prove that this is a valid debt.





See the first link below for a flowchart and info on how to do this.





If this fails, you will need to contact the creditor and arrange to pay off the debt. Fortunately it's not for a great deal of money. But remember what I just said....they don't HAVE to remove the negative information.





Therefore, as part of your negotiation to pay this off, demand that the credit delete this information, and get this agreement IN WRITING! If they refuse to do it, then DO NOT pay off the debt?





Remember, the whole purpose of this is to clean up your credit report. If paying it off won't do it, why on earth would you pay off the debt?
Reply:You can raise your credit score.


First you have to learn how to eliminate bad spotd from your credit.


You can do it yourself or take help from experts.


Here are some tips How to Evaluate and Raise Your Credit Score





http://surl.se/dipg





Best of luck
Reply:First, make sure they are paid then try to deal with the company you have the dispute with and have them remove any incorrect information. If they agree, get it in writing!! If they refuse, then you can dispute through the credit bureaus directly.





If you go to www.annualcreditreport.com you can get a free copy of your credit bureau once a year from each one of the three major bureaus, Equifax, Transunion and Experian. Sometimes the bureaus don't match. A good account on one may not be on the other and a bad account on one may not be on the other so it is a good idea to check all three. (You do not get your score from this site, you will have to pay a small fee to get your score from this site but that is it. There are no annual fees through this site unlike some of the other companies you see advertising "free reports") When you print your bureau from this site (which directs you to each of the bureaus sites) it will also come with a dispute form that you can fill out and send back in. The companies have 30 days to investigate your claim.
Reply:If you pay them they'll remove it from your credit report in about a month.
Reply:Having multiple credit cards brings more problems than benefits to a person's life. Keeping track of multiple repayments, varying interest rates can be too overwhelming and if not managed properly can lead to late payment penalties. Procrastination on repaying the debts can lead to accumulations of high interest credit card balances, that threaten to throw a person into credit card debt and under serious default it can lead to bankruptcies. Credit card debt consolidation helps such people, but an individual is not qualified and experienced to get the best consolidation deal. Here's when the credit card debt consolidation agencies come into the picture. They can do a lot for such debt ridden people. In this article we take a look at what benefits a credit card debt consolidation company can bring to a person who is suffering due to multiple credit card debts.





1. Single not multiple debt





Credit card debt consolidation gets rid of multiple credit card debts instantly. This brings a welcome relief to the debtor who is plagued by multiple credit card repayment dates, juggling of APRs and various penalties.





2. End of harassment





Credit card debt consolidation brings an end to the threatening calls from debt recovery agencies. All the communication is now channeled via the debt consolidation agency, which takes care of all the harassment in a more professional manner and restores peace back in your life.





3. Professional negotiations on your behalf





Credit card debt settlement agencies, have seasoned professionals with extensive experience in negotiating debts with credit card companies. This ensures that your point is put correctly before the credit card companies and a well negotiated settlement is reached. Read more from: http://www.credit-card-gallery.com/artic...
Reply:the other way to get it off is to dispute those charges by saying the the collection accounts are unauthorized. then the credit reporting agencies will remove the delequint charges.


i had the same problem too lol and i got the collections account off my report that way. here is the site to do it since experian is the most popular credit company.


http://www.freecreditreport.com/


i am sure once you get the those collections accounts off your report, you will get credit cards easy.


good luck ^_^
Reply:Just dispute them and the creditors will remove them from your credit file in 40 days . make sure to keep records of dispute letters in case the hospital trys to put them back on your file in a year. So in 40 days pay the bills off and keep record for yourself,as proof that it was resolved. Good luck
Reply:You might want to check out this site - they can help you improve your credit score by using the law and they're 100% legal. They are also in good standing with the Better Business Bureau and do not charge those extremely ridiculous prices like those companies that scam. I used their service and was so happy that I did. They offered a money-back guarantee, were professional, and delivered on what they promised. Check out their website to read all about them. Let me know if you have any questions about the process - I'd be happy to help.





http://www.secureyourcredit.info


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