Negative Entries on Your Credit Report Can Be Challenged

Learn How to Challenge Your Equifax Credit Report

Are you tired of the bad credit reported on your credit report?

In this process, obtaining a copy of your Equifax credit report is tantamount in order that you may review the credit report for any negative information listed. Following is a list of items which will affect your credit negatively:

third party actions involving charge-offs

court decisions, such as judgments

bankruptcy proceedings, such as Chapter 7 or Chapter 13

bank-initiated foreclosure proceedings

repossessions – auto, boat, or other property

payroll garnishment

payment inconsistencies

collection accounts, settled accounts

public records/judgments

Next, you will need to draft a dispute letter to Equifax. Be sure to include your personal information and to explain the reason for the dispute, including why you feel the negative information listed is erroneous.

Finally, you will need to wait 30-45 days to receive Equifax’s determination.

What Happens After I Mail my Dispute Letter?

If Equifax removes the negative entry, don’t stop! Continue to clear up any remaining negative items. Lastly, be sure to clean up any inaccurate personal information, such as addresses and employment information.

Equifax will delete any negative item that cannot be verified. Be aware that Equifax, when notified by creditors, will update items on your credit report. Depending on what the creditors report, this could be bad or good information. For example, Equifax might revise your credit report to show additional late payments.

Your credit report will show the negative item for 7-10 years if you are unsuccessful with your Equifax dispute. However, there are additional options to be considered in relation to rebuilding your credit score.

Methods beyond a simple dispute are more advanced and require the help of a credit professional. Some techniques an attorney might use include negotiating directly with the creditor, payment for deletion, or debt validation.

Remember, credit reporting from a creditor is completely voluntary. The seven year limit is a law imposed on the credit bureaus only. Thus, a creditor, if persuaded by an effective attorney, will often voluntarily delete information from your credit report.

Discover how I raised my credit score from 582 to 745 in four months with the help of Lexington Law. Learn the truth about quickly and effectively deleting bad credit at www.creditforcouples.com.