Credit Repair Information - Negative Credit Items - What They Are And How To Eliminate Them

A person goes to a credit repair company and gives their credit repair information so that they could get their credit scores increased

. But doing this would be a problem. One cannot make the negative credit items disappear legally. However the inaccurate items can be removed. But sometimes these negative credit items would negatively affect the credit rating. Let us see how to remove the negative credit items and increase the credit items.

When it comes to the negative credit items, the fair credit reporting act comes to help. They place the requirements from the creditors. These creditors report to Equifax and trans-union. The accurate credit information is required by them to investigate and resolve disputes and they are also required to correct any information that may be wrong. They do not catch all the errors and they also do not double check every charge. This is because they process millions of transactions and thus it is very natural for errors to occur. It is not the creditor's job to review the items for accuracy. This is the job of the credit repair agency. They have to find the inaccurate items and rectify them.

Once the credit report is reviewed the inaccurate items have to be looked for. The inaccurate items may be a bill that was reported late but was paid in time or some false charges or there might be some payments that were made but was missed. These are some of the examples of the errors that could occur and affect the credit score negatively.

Once they are spotted, the creditor should be contacted with the disputes. The creditor should be able to resolve the dispute in 30 days time. However an extension of 15 days is allowed if there is some additional information required and if it would require more time. This process could even take a longer time. So, one has to be very careful with this. If there are any items on the list that could not be validated, then the item would be removed and the change would be reported to the credit agency.

There are options available to repair bad credit and raise your credit score. Something as simple as disputing negative items can help. These items can be erased from your credit report, resulting in a significantly higher rating. Click the following link for more information on how to repair bad credit quickly and legally:

Erase Bad Credit

by: Rose Graham

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