Can Bad Credit Be Deleted? |
 |
Yes, it can. Despite the fervent proclamations of bureaucrats and credit bureaus everywhere,
a simple fact remains: negative credit listings are deleted from peoples' credit reports by the thousands each and every day.
A few years ago, an attorney from Lexington Law.
The Agency's office, as a matter of course, believed the credit bureaus' claim that bad credit couldn't be deleted. The visiting Lexington attorney asked, "How many negative listings would you have to see deleted from consumer credit reports before you would believe that bad credit can be deleted: ten? fifty? a hundred? one thousand?" The agents responded with only blank stares. |
|
|
"How about 50,000 deleted listings, would that convince you?" continued the Lexington attorney. From his briefcase he pulled a stack of papers six inches high. In these pages, we have listed the permanent deletion of over 50,000. listings from our clients' files in the last two years alone," he explained. The agents pulled the stack across the conference table and began to pick through the pages, taking in the massive list.
"But have you deleted any bankruptcies?" shot back one of the agents, "we know that bankruptcies can't be deleted." The Lexington attorney leaned across the table and ran his finger down the first page.
|
|
"There's one deleted bankruptcy... and, there's another,... and another,... and another. Should I go on?" asked the Lexington attorney.
The agents sat back in their chairs. "You know," began the junior agent, "I have this one listing on my credit report that simply must belong to somebody else..."
How is credit repair possible?
The Fair Credit Reporting Act ( FCRA) allows a consumer to challenge the information on his credit
report on the basis of "completeness and accuracy." When a consumer files a dispute, the credit bureaus must contact the source of the credit information (the creditor)
and confirm that the information is accurate, verifiable, and not obsolete. In some circumstances, the credit bureau is required to go beyond a simple verification of the
creditor's own computer record. If, within 30 days, the credit bureau has not received verification from the creditor, then the credit bureau must promptly delete the credit listing.
Learn More.
|
|
Not All Credit Repair Companies Are Bad
|
The biggest question circling the credit repair business is whether or not to hire one of the many credit repair companies or to do it yourself.
You can repair your credit on your own, but there are a few key things you should know before you tackle the task yourself. This article will look at credit repair and your options...
Read Full Article |
|
Bad Credit Repair-- Defining The Problem |
Before you begin the process of repairing your credit, you first need to ask yourself why you are having credit problems? Poor credit is nothing to be ashamed of. It is far more common than you may realize. Often it may not even be your fault, like Gerald and Lisa... Read Full Article
|
|
Credit Repair: 10 Simple Steps for Quick Credit Repair |
We live in a credit-driven economy, where bad credit can cause life to be miserable. After all, you can hardly get a good apartment - you let alone a mortgage, without good credit. This article offers simple steps towards quick credit repair and some common mistakes to avoid... Read Full Article
|
|
|
|
