As a Mortgage Broker and lender in the SF Bay Area one of the questions that people often ask me is “How can I remove negative items from my credit report?”
Did you know you can remove items with just a bit of know how and the right tools and language?
If you have items on your consumer credit report that are not supposed to be there than Make a Decision NOW and commit to getting them removed.
It really is not as difficult as you might think to get errors removed from your credit report and the great thing is that the FTC (Federal Trade Commission) is on your side. With the “Fair Credit Reporting Act”
Here are the Steps To Take to Remove Items From Your Credit Report for Good
READ THE 9 EASY STEPS TO REPAIR YOUR CREDIT HERE
Here is what you need to do to remove negative items.
- Download this letter template and modify it to suit your situation.
- Modify and print/sign this letter I’ve made for you along with the credit report page and any other documentation supporting your position.
- Send to all three credit companies below with a hand written envelope.
- Resend every 30 days until the item is removed or proven valid.
You can negotiate with your creditors on your own and be very successful. Many would rather hire a service to get some affordable help.
If you need help with your credit, these are some of my favorite helpers with which my clients and friends have had a lot of success.
Here is Where Your Send Dispute Letters To Remove Errors From Your Credit Report
Equifax
(800) 685-1111
Web, www.equifax.com
Experian
(888) EXPERIAN
(888-397-3742)
Web, www.experian.com
Trans Union
(800) 888-4213
Web, www.transunion.com
Equifax(800) 685-1111WebTrans Union(800) 888-4213Web, fact sheet 6 for addresses)Mailing AddressCity, State, Zip
Copy & Paste this Dispute Letter and Make it Your Own to Remove Errors from Your Credit Report
Dear Sir or Madam:
1. To dispute certain information in my credit file; and 2. To have you investigate/re-investigate and remove inaccurate information from my Credit Report and prevent its re-insertion.
The item in dispute are encircled on the attached copy of the credit report and reference below.
[Public Record] EXAMPLE OF NEGATIVE ERROR COPIED FROM CREDIT REPORT
According to FTC Fair Credit Reporting Act Section 611
611. Procedure in case of disputed accuracy [15 U.S. C. § 1681i]
Subject to subsection (f), if the completeness or accuracy of any item of information contained in a consumer’s file at a consumer reporting agency is 2disputed by the consumer and the consumer notifies the agency directly, or indirectly through a reseller, of such dispute, the agency shall, free of charge, conduct a reasonable reinvestigation to determine whether the disputed information is inaccurate and record the current status of the disputed information, or delete the item from the file in accordance with paragraph (5), before the end of the 30-day period beginning on the date on which the agency receives the notice of the dispute from the consumer or reseller.
Pursuant to my rights set forth by the FTC please reinvestigate this (these) matter(s) and (delete or correct) the disputed items within the time frame required by the Fair Credit Reporting Act (FCRA) and inform me in writing of the outcome. Thank you for your time and consideration in this matter.
Sincerely,
End of Copy Paste Sample Letter
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How to Dispute Credit Report Errors
Your credit report contains information about where you live, how you pay your bills, and whether you’ve been sued or arrested, or have filed for bankruptcy. Credit reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home. The federal Fair Credit Reporting Act (FCRA) promotes the accuracy and privacy of information in the files of the nation’s credit reporting companies. Continue Reading…
Now go and take these steps to remove negative items from your credit report today.
Contact us direct if you have questions about getting started.
About Jason Wheeler - Real Estate & Lending
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