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How do i build my credit and get rid of the negative history on my credit report.? |
How do i build my credit and get rid of the negative history on my credit report.? To boost your credit score: The first thing you will need to do is call the three major credit reporting agencies and request a free copy of your credit report. www.equifax.com www.experian.com www.transunion.com Then once you get those in the mail (7-10 days) there will be a dispute form attached to the reports. Fill those out for every negative account on your report regardless. Fax, mail go online whatever it takes to get those submitted as quickly as possible. Then those companies must answer your dispute within 30 days or it is removed from your credit report completely. So that will eliminate some things, hopefully. Then make sure you pay all your revolving accounts to below 50% of your credit limits. Make sure that you make all your payments no more than 20 days from the date it is due. Good Luck! Only time will repair your negative history. Pay your debt. Pay your bills on time. And never make a late payment again. Go to the forum section of www.creditboards.com and READ READ READ Ok first things first. Check to see what the statute of limitations for credit reporting is in the state you live in. If it is past statute you can report it to all three major credit reporting bureaus and have them dropped off. Also dispute anything that is not valid, correct or was not of your doings. If you have anything on there that you didnt do...file a police report and forward a copy to the creditors and bill collectors. If they are not past statute and are valid...you need to get them paid. A credit institution will charge you money to do the same thing you can do. Start by calling the collection agency try and cut deals to settle the accounts. Some agencies will take as low as 30% to settle. Others will request more. Very rare but some creditors will not accept a settlement at all. Try and make them to agree to delete from your credit report as well. Some agencies may require that you pay the entire balance for them to delete it. Others will agree to delete with the receipt of the settlement amount. Get the deal in writing before you pay and than more on to the next one. One by one...next thing you know its done. Thats how you get rid of old history and reportings. As for building your credit. Start all over again and do not make the same mistakes. I am a Collection Agent law is that if your credit report has negative items that arent correct...........so if it has neg but was never paid late...if it has a wrong balance...etc then you dispute it with all 3 credit bureaus and the bureaus will write to the company to ask them to prove the validity of the bad debt. if they are not able to validate the debt (good or bad) then they must change the status to what you say it should be. if the debt is old then chances are it wont be validated because it's either not worth their time to search for old boxes of records and make copies and mail it or it's too old and they cant find the documents. Either way, the credit gets changed to what you say it should be. |
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