Effective Techniques You Should Master to Get Rid of Collections From Your Credit File
"I have got a couple of collections and some delayed payments listed on my credit profile.
What do you think I can do to remove them?" That was the question an old college friend posted at me recently.
You see, Sean that I knew right from our freshman days at college is a prudent fellow and he has got a pretty good job that pays relatively well.
But to hear that he has run into financial problem was quite unbelievable.
So here's how I told him he could do it, and I hope you apply same if you are in a similar distress: You are sure that those accounts listed in your file are not yours, so you should take immediate steps to get rid of them, else you might be ruining chances of getting good deals with financial institutions in the near future.
What's more? You will be putting yourself at risk also if you are planning to change jobs and your prospective employer checks your credit report to know how good you are with money matters.
Perhaps, the first thing you should do is to decide what method suits you best to restore your credit status.
Since there are two known methods: the self-help repair, and the agency repair services, you therefore have two options .
You decide.
If you choose the self-help method, here's how to go: Compose a dispute letter to the information bureau that has the negative listed in your account challenging them to launch an investigation into the authenticity of the account.
The bureau has either of two options if it concludes its investigation at the end of thirty days - to delete the account if it is found incorrect, or to let it remain if it is confirmed correct.
However, if the bureau is unable to finalize its investigation within the 30-day period, the law requires that the account you challenge should be deleted.
Apply the same dispute method with the collector if the bureau yields a dead-end.
What do you think I can do to remove them?" That was the question an old college friend posted at me recently.
You see, Sean that I knew right from our freshman days at college is a prudent fellow and he has got a pretty good job that pays relatively well.
But to hear that he has run into financial problem was quite unbelievable.
So here's how I told him he could do it, and I hope you apply same if you are in a similar distress: You are sure that those accounts listed in your file are not yours, so you should take immediate steps to get rid of them, else you might be ruining chances of getting good deals with financial institutions in the near future.
What's more? You will be putting yourself at risk also if you are planning to change jobs and your prospective employer checks your credit report to know how good you are with money matters.
Perhaps, the first thing you should do is to decide what method suits you best to restore your credit status.
Since there are two known methods: the self-help repair, and the agency repair services, you therefore have two options .
You decide.
If you choose the self-help method, here's how to go: Compose a dispute letter to the information bureau that has the negative listed in your account challenging them to launch an investigation into the authenticity of the account.
The bureau has either of two options if it concludes its investigation at the end of thirty days - to delete the account if it is found incorrect, or to let it remain if it is confirmed correct.
However, if the bureau is unable to finalize its investigation within the 30-day period, the law requires that the account you challenge should be deleted.
Apply the same dispute method with the collector if the bureau yields a dead-end.
Source...