subject: Are There Any Tricks To Getting A Collection Removed From My Credit Report? [print this page] Everyone wants their credit report sparkly clean so that they can achieve their dream credit scores. Among many things to botch a credit report, a collection is perhaps the most dreaded one. How can you remove a collection from your report is discussed below.
If you want to fix your credit score, chances are good that you need to handle the collection notations on your credit report. A collection notation occurs when a lender turns your account over to a collection agency, a third party organization that's job is to collect on what you owe them. If that collection agency cannot get results, they will file a claim on your credit report. That will hurt your credit score over time.
How Can You Fix Your Credit Score Fast?
For those who want to improve their credit score, getting rid of collection actions like this is an option. In fact, it can be one of the best ways for you to boost your credit score. Here are a few things you can do to get this done fast.
* First, respond to the collection agencies and pay your bill if you owe it. However, make a stipulation of paying your debt the removal of the collection action on your credit report. Be sure to get this in writing.
* If you do not believe the debt is yours, dispute the debt. You can do this by filing a letter with the collection agency requiring that company to show proof that the debt belongs to you. Otherwise, they cannot hold you liable for repayment of it.
* Another way to fix credit score numbers affected by this is to request that the credit bureau reporting it remove the notation from your credit report. If you dispute this information, the company must prove that the debt belongs to you to settle the requirements of the credit bureau. This can be hard for many collection agencies to do and it may help get the item removed from your report.
Learn how to fix credit score numbers by first making sure that all information on your credit report is accurate. If you have collections that date back more than seven years, or you have settled those claims, request that the company remove them. You can do this in writing or by calling the number listed on your credit report. It is critical, though, that you take action. The longer negative information like this remains on your credit report, the more you pay for credit use through higher interest rates and the more times you get turned down for new loans. The best way to overcome this is simply to make the right decisions by paying your debt.Credit Repair Software. Fix your credit and Increase your credit score in 40 Days and start saving thousands each year. Get your FREE Credit reports, remove errors, fix your credit and increase your credit score fast. See How Much you can save!
