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What the Credit Bureaus
Don't Tell You
1. Each item on your credit report must be proven
or it cannot remain in the report. If the credit bureau cannot
verify the item when investigated, it must be removed from your
file whether or not it's true.
2. Every negative entry on your report can be
denied or challenged at any time. The bureau must reinvestigate
and if that item cannot be verified within a "reasonable
amount of time", it must be removed from the file.
3. Items when challenged can be mistakenly erased.
Consumers say they often experience computer operator mistakes.
4. Many times the creditor does not re-verify
in time or the credit bureau is busy and does not handle your
dispute properly. It must then be deleted.
5. The older an item, the more difficult re-verification
is. It is possible it cannot be verified because records may
no longer exist after 1 or 2 years.
Steps to Repair Your Credit
1. Obtain your three credit reports.
2. Review the reports and locate the negative
items.
3. Dispute the negative items with the credit
bureaus.
4. Disputed items are removed or corrected. Items
that were not re-verified are removed.
5. Negotiate with creditors and collection companies.
6. After negotiating and making payment, creditors
delete the negative accounts or change them to a positive rating.
7. State the item you are disputing, but do not
use dispute forms or file numbers provided by the bureau. This
will cause fewer delays by the credit bureau asking for clarification.
8. Do not confirm the account if any information
about the item is wrong.
9. Do not use letterhead (you don't want to raise
any Red Flags).
10. Do not photocopy a fill in the blanks form
letter (another Red Flag).
11. Send disputes during busy times of the year.
For Example: The first to middle of November can cause a delay
in verification because of Thanksgiving. Christmas rush for
the creditor and the bureau can catch them before they can thoroughly
investigate within a reasonable time.Article
Article continued at http://www.loanlinks.com/loanlibrary/credit_repair_removing_1.html
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