Mark Clayborne

How to Remove a Collection From Credit Report : Little Know Secrets



Posted: Tuesday, September 20, 2011

by Mark Clayborne
Mark Clayborne

It will be important to learn how to remove a collections from your credit report and other negative entries found there, if you want to earn or maintain a high rating. Your credit score is probably the most important three digit number in your life. It effects just about everything financially-related (and otherwise) in your world, for instance, whether or not you are able to obtain a loan and at what rate. A bad score can even keep you from landing a job. Because this is true, it is extremely important to safeguard it and clean it up when necessary. This can be accomplished with a little know-how, discipline, dogged determination and action. A great score has to become your mission. 

If you want to know how to remove a collection, step-by-step, we’ll provide that information here. The first thing that you will need to do is order your report. This can easily be done online.  Each year, you are eligible for one free report.  You will have to pay for any additional one. After it has arrived whether in the mail or digitally, you will need to make note of what company the collections is for, when it occurred and the amount of the debt. If you find that the entry is not accurate or not yours, the first thing you will need to do is fill out and submit a dispute and ask that it be removed.

If you would like to learn how to remove a collections from your credit report on a debt that’s actually yours, you may be able to, but there are no guarantees. The first step would be to have the debt validated. This will force the collector to prove that the debt belongs to you. If they are unable to or they fail to respond to your debt validation request, then it may be possible to have the collections removed. 

Past due accounts, including collections, must be removed from your report after seven years, as per the Fair Credit Reporting Act. If a debt is not removed after that time, you can dispute it.  Some companies will attempt to defy the act (FCRA) and re-age the debt. If they do, take action. 

For people interested in additional how to remove debt collections from your credit report information, it can be found here. Consider disputing the collections when or if your account is sold to another collection agency. Accounts get bought and sold all the time and this may provide you with an out.  Other options include paying off the debt in exchange for its removal. 
Mark Clayborne is a Certified Credit Consultant with ten years of experience assisting consumers with credit issues. Show me how to Improve My Credit Click Here and get a Free Restore your Credit E-class at http://www.hiddencreditrepairsecrets.com
This Article has been viewed 59 times. (Not updated in real-time.)
No comments yet.
We want your comments! If you can read this, you don't have javascript enabled, so you can't use this comment system. Please enable javascript.