| Thanks to new laws that were passed to protect | | | | you need to do is submit a challenge letter requesting |
| consumers, erasing bad credit is now more possible | | | | the items be removed and why. |
| than ever. There were new laws put into place that | | | | After those items are removed, the next thing you |
| spell out how credit bureaus must deal with entries in | | | | want to target is any accounts that are listed as |
| credit reports. We are not going into any of those laws | | | | collections accounts or charge offs. These are going |
| in this article. Instead we are going to cover how to | | | | to be more difficult to have removed, but it can be |
| start going about erasing bad credit. | | | | done. The thing about these is they can only be |
| The first thing to do is to contact one or all of the | | | | removed if the creditor is not able to provide proof |
| credit bureaus and request your credit report. After | | | | they are valid entries. |
| you get your credit report, start going trough it and | | | | But what happens if these are validated by the |
| take note of all the things that you want to have | | | | creditor? Well that means the credit bureau is not |
| erased from your credit file. The things to look for first | | | | going to remove them, but there is still hope. You can |
| are going to be those things that will be the easiest to | | | | negotiate with the creditor and work out a pay off. Of |
| fix. | | | | course your goal here is to get them to agree to |
| The first things to challenge are entries that are errors | | | | remove any negative indication on the account. They |
| and duplicate entries. The errors and duplicates will be | | | | will tell you they can't at first, but that's a lie. Not only |
| easy to have removed. You also want to challenge | | | | can they, but if they want your money they will. All you |
| anything that has been on your report for seven years | | | | have to do is make that their only option to get your |
| or longer. The credit bureaus are required to remove | | | | money. |
| anything that can not be confirmed as a valid entry. All | | | | |