Have You Considered Challenging Negative Items on Your Credit Report?
Learn How to Challenge Your Equifax Credit Report
Anxious to remove bad credit from your Equifax credit report?
Your first step is to obtain a copy of your Equifax Credit Report and look for errors, inaccurate items, undesirable information, and/or information that is misleading. Damaging credit items include:
third party actions
court decisions, such as judgments
bankruptcy proceedings, such as Chapter 7 or Chapter 13
home foreclosures
auto or boat repossessions
wage garnishment
payment inconsistencies
settled accounts, collection – paid or settled for less
public records
Your second step is to write an Equifax dispute letter. You will need to include your personal information and reason for the dispute. In other words, you need to say why you believe the information is inaccurate.
The final step is to wait 30-45 days for the results.
Should I Do Anything Else?
If your dispute is successful, continue the process to attempt to remove all negative entries from your credit report. Once this step is completed, clear up any remaining issues, such as discrepancies involving personal information.
If your dispute is successful, the negative item in question will be removed by Equifax. At times, a credit bureau will revise items on your credit report after they have been contacted by your creditors. This information can be good or bad, depending upon the creditors’ reports. For instance, your credit report might be revised to show that an account went to collection.
Expect the negative item to remain on your credit report for 7-10 years if you lose your dispute with Equifax. However, don’t lose heart! There are other options available to continue trying to rebuild your credit.
Methods beyond a simple dispute are more advanced and require the help of a credit professional. Some techniques an attorney might use include negotiating directly with the creditor, payment for deletion, or debt validation.
It is important to understand that creditors are not required to report credit history to credit bureaus. Only credit bureaus must follow the law requiring the seven year limit. Therefore, an experienced attorney may be able to convince a creditor to remove a negative credit item.
Discover how I raised my credit score from 582 to 745 in four months with the help of Lexington Law. Learn the truth about quickly and effectively deleting bad credit at www.creditforcouples.com.
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