OUT OF HIGH SCHOOL IVE HAD BAD CHOICES IN BUILDING MY CREDIT
NOW THAT IM LOOKING TO PURCHASE A HOME IT IS HAUNTING ME…..
I HAVE DEBT THAT IS PREVENTING ME FROM LENDERS EVEN WANTING TO HELP ME. I HAVE A CREDIT REPORT AND HAVE BEEN PAYING OFF DEBT
NOW I ONLY HAVE ONE OR TWO BAD DEBTS THAT I AM WORKING ON…THERE ARE SEVERAL STILL ON MY REPORT.
HOW DO I HAVE THEM REMOVED TO BUILD UP MY SCORE AND WRITING A LETTER TO THE CREDIT AGENCIES WILL THAT DO ANY GOOD IN REMOVING THEM?
A creditor can only report true and accurate information on your credit file. If there is inaccurate information you should immediately send a dispute letter to both the creditor and all credit reporting agencies (CRA) and explain the details of your dispute.
If the debt being reported is accurate then you can request that that the creditor “delete the trade-line.” In exchange for them doing this you might have to settle the account. Alternatively, it is possible that if you explain your situation to the creditor and your desire to rebuild your credit they may voluntarily delete the trade-line. This, however, is rare and largely depends on the creditor.
Jeremy Golden, Esq. is one of the resident debt experts here at GetOutOfDebt.org that helps people for free. Jeremy is a consumer rights attorney licensed to practice in California. He represents individuals in cases against debt collectors for violations of the FDCPA. He also focuses on defending people in collection cases who have been sued by their creditors or debt- buyers. In the last five years he has won at trial or obtained a dismissal in over 200 collection cases. Recently he was voted one of San Diego’s Top Attorneys in the field of Consumer Law by SDMetro Magazine. His website is goldencardona.com
Legal Disclaimer: This is for educational purposes only. It is not to be relied upon as legal advice. It also does not create an attorney-client relationship. No such relationship is formed with attorney without a written agreement.
If you have a debt collector question you’d like to ask just use the online form.
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