Credit Report Dispute
To remove negative marks on your credit report you must dispute the credit bureaus. You have two methods to do this.
1. Craft a dispute letter
This method requires you to create a dispute letter. In this letter you identify the negative mark you want removed and provide a reason why that mark is inaccurate.
Reasons often include; not my account, amount is wrong, item is out of date and etcetera. You must send this letter to each credit bureau.
2. Hire a professional credit repair company.
With this option the company will write the dispute letter for you and mail it to the credit bureaus. The advantage of a company is they have advanced dispute techniques such as; escalated dispute information requests, debt validation, and creditor direct intervention.
I would suggest hiring a company if you have multiple negative listings on your credit history. However if you only have one or two negative listings you can remove them yourself.
When the credit bureaus receive your dispute letter and deem it a valid dispute then they will conduct an investigation. If the listing can not be verified then it must be removed from you credit report.
Be aware that it is common for bureaus to use stall tactics to avoid conducting investigations. This is because it costs the credit bureaus potential profits to conduct an investigation.
The Fair Credit Reporting Act says the bureaus must investigate a disputed listing and if it is found unverifiable it must be removed from your report. The difficulty is getting the bureaus to find you dispute letter valid.
If you are struggling with this then I suggest hiring a professional. However with persistence you can get the bureaus to deem you letter valid.
It is common for investigations to result in removal of negative marks. This is because many lenders are unwilling to spend the time and money to verify a debt.
However you choose to dispute negative marks on your credit, they can be removed. You do not have to live with these marks for seven years.
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