| The process of removing collection accounts from | | | | In most cases the process of investigating is not done |
| your credit report is very doable, but you must | | | | thoroughly enough to come up with proof that the |
| understand what makes it possible, which is the law | | | | account is accurate and verifiable in which case it |
| that governs your credit report and the factors that | | | | needs to be deleted from your credit report. |
| influence what goes on and comes off your reports. | | | | In the event that the account is verified, you have |
| Most collection accounts that are on your credit report | | | | other options. One of those options is to pay for the |
| are from third party collection agencies. These are | | | | deletion of the item. With this approach you will call up |
| guys that buy bad accounts from creditors for pennies | | | | the collection company and try and settle the debt with |
| on the dollar and are now entitled to collect the debt | | | | them in exchange for the account being deleted on |
| from you. | | | | your credit report. |
| There are a few different ways to have these | | | | Remember that they paid pennies on the dollar for the |
| negatives removed but the first step is to challenge | | | | original debt so don't be afraid to negotiate a |
| the item with the credit bureaus directly. At that point | | | | settlement with them that is far less than the original |
| the bureaus are supposed to launch an investigation | | | | amount that you owe. Also receive something in |
| into the account and if proper proof is not presented | | | | writing saying the account will be deleted from your |
| from the collector, the account needs to be removed | | | | credit report. |
| from your report. | | | | |