If you want to get a new mortgage or car loan in the near future, it’s smart that know how to remove negative entries from your credit history. Before seven years have passed, if something happens and it doesn’t work out with one of these lenders then you can just ask them nicely for some help removing this information on their end.
Whether you’re dealing with late payments, collections, charge-offs or foreclosures for that matter. The tips below will help to repair your credit in no time at all! It is important that before we get into the details of how to fix your credit rating it’s critical to understand what exactly a bad debt looks like and why they happen.
Credit Repair of Orlando is the right place to go when you are feeling overwhelmed by credit card debt.
Check Credit Report for Inaccuracies
Most people have inaccuracies in their credit report. Make sure to look for errors, and if you find any be careful of the information being correct but inaccurate at the same time.
The first step is getting your hands on an accurate copy from one or all three credit bureaus, so you can review for accuracy.
Things to check
- Account number.
- Account status.
- Balance.
- Date opened.
- Payment status.
- High Balance.
- Credit Limit.
- Other errors.
If you’re looking to raise your credit score in the quickest and most effective way possible, Credit Repair of Orlando is here for all of our clients.
Submit Credit Dispute Letters
How about I call the three major credit bureaus and dispute inaccuracies? This is a great idea that will get rid of my negative information.
FCRA protects credit bureaus from irresponsible reporting of inaccurate information on your credit reports. Negative entries that are not verifiable must be removed and this is a right you can exercise when reviewing the contents of your report.
Write Goodwill Letters
If you’ve already looked through your credit reports and can’t find any errors, or the bureaus have fixed all of them, then a goodwill adjustment is next on the list.
Negative credit reports are a huge issue that can hurt you in many ways. But there’s no need to panic, because it is possible for bad debts and unpaid bills to be removed from your credit report once they age out of the system.
You can make a goodwill letter simple yet sound more professional by asking advice from experts.
Describe your situation to the creditor, such as mortgage application, and struggle because of the entry.
Negotiate a “Pay For Delete” Deals
For unpaid collection accounts or charge-offs, a pay for delete agreement will help remove the negative item from your credit report. Work by negotiating with creditors over the phone if they agree you should offer to pay them on top of what’s owed and cut all contact afterward.
Contracts with collection agencies are typically made in writing, so always have a contract signed by the agency before paying any money. This way you can ensure that they’re bound to their word and won’t scam your bank account for more than what is owed.
Use Credit Repair of Experts to Help Remove Negative Items
Handling credit disputes or negotiations isn’t for the faint of heart, but this is one situation where you can fight your battles with a little help from Orlando’s Credit Repair experts.
The FCRA protects consumers from unscrupulous organizations or individuals who might want your personal information for nefarious purposes – but don’t be afraid because this law was put in place specifically with YOU in mind.
A lot of people make the mistake of thinking they can do their own credit repair. The problem with this is that it takes a long time and you might not get as good results in comparison to paying for help from an expert company like Credit Repair Orlando. These companies know how to deal with deletion methods, so you’re more likely going to see better success.