Tips On How You Really Delete Negative Information Off Your Credit Report

Like a whole lot of you out there my credit was a mess. Late-pays, collections, charge-offs, judgments, you name it. I decided to go to a "credit expert", however, I'm sure just like a lot of you again, I got robbed. So I decided to do something and learn everything I could get my hands on the subject. I ended up fixing my credit after much frustration and effort as well as helping others.

After weeding out all the junk from what was actually useful here are my truthful thoughts on what I believe are the current best methods for deletion. First you must take the action to fix your credit on your own and not rely on someone else. So go get your standardized reports (Experian, TransUnion, Equifax) not those tri-merge mortgage reports or from those credit monitoring sites.

You're allowed one free report a year (check your state laws). You don't get your score but you do get the same credit history that the banks and mtg lenders see. After making a copy of all three reports, look for any inconsistencies. Examples would be seeing wrong dates opened or closed, dates of last activities, account balances, etc. Note: The date of last activity is the last recorded activity you did anything on the account.

The credit bureaus sometimes interchange this with the date of first delinquency. Anyways, start disputing on factual errors and not simply saying 'this account is not mine'. You've just wasted a shot with one of the bigger bureaus Experian. Remember Experian is now making it even harder to start a redispute so make it count. If an account is old, in collections for a long time, check with the original creditor to see if there are any records. These are usually the easiest to delete because current records are no longer kept.

Keep in mind if the creditor does not have any records of your account than how can they verify information being reported as accurate as they are required to do so by the FCRA (Fair Credit Reporting Act). Can you say VIOLATION, From experience don't bother disputing any government/federal accounts like Sallie Mae Student loans with the credit bureaus. It will most likely get verified.

Fight it with the original creditors. Concentrate on hitting the most recent negative accounts being reported every month as these items are the ones really lowering your score. Remember, base all your disputes on factual information. You can always find something wrong. If you totally can't then get a little creative. You are more likely to get deletion on the first try and have more leverage to pursue actions against them based on violations.

Another thing to remember is that the majority of all the credit bureaus do not retain accurate information nor do the creditors. This gives them a reason to charge you higher percentage rates since your credit is bad. Another point is to not copy your letter disputes word for word from one of those credit repair courses. This will get your letter ignored and deemed frivolous. Dear "Credit Bureau", Please delete (account name and number) because there are multiple inaccuracies. Thank you'. Short and simple.

Whether you hire a financial institution to handle it for you, or go it alone, be sure to take the necessary steps to avoid your information from ending up in the wrong hands. If you're actively repairing your credit, then credit monitoring is the only way to track if you're truly making progress. If you decide that after the credit repair process is finished that you no longer want to monitor your scores, make sure to pull your free credit reports at least once a year. It never hurts to check to make sure that your credit profile is 100% accurate.

A consumer's credit score ratings are used to measure their creditworthiness. The score is calculated using the information presented in an individual's credit report. This data is sourced through the major credit bureaus namely Experian, Equifax and TransUnion, and made available to lenders, insurers, landlords and other credit providers to help them identify a credit risk. In addition to this, consumers use the information on their credit reports to help improve their overall credibility and financial profile. The most popular rating system in the United States is known as the FICO score model, and it is widely used.

The statistical technique used to calculate a FICO score is generated by algorithms and is the sole determining factor of the credit worthiness of an individual. Each credit bureau has their own database that collects the data that is used to calculate an individual's FICO score. This means that the data can vary from bureau to bureau, and therefore produce three different score ratings for an individual.

To get around this, there is a 3 in 1 credit report monitoring service available to consumer's that will provide them with a detailed report, bureau by bureau, on each account listed under their name. This report allows consumers to quickly view how all 3 bureaus are reporting their credit accounts, as well as allows the consumer to see which credit providers or grantors have recently viewed their credit report. This helps to maximize a consumer's credit protection as they will very quickly be alerted to accounts that are fraudulent. There are millions of errors reported annually by consumers who check their credit reports. It is therefore important for a consumer to check their report thoroughly on a regular basis, not just annually, so that errors can be quickly rectified.

Can you trust providers of “free” credit reports and scores, Are providers of free credit reports and scores trustworthy, Some providers of free credit reports or free credit scores are legitimate. One way to get free credit reports is to apply for credit. Companies like Discover offer free credit reports to card applicants.