Erasing the Past – Your Credit Reports and Collections

Most people do not know that you can have collection accounts deleted from your credit report. There are two reasons why people have collection items on their accounts in the first place. The first reason is mistaken identity, the second, which is more common, is because the person did not pay the bill and it got sent to a collection agency.

Regardless of whichever has happened to you, do not lose hope. You can get the collection item off of your credit report. The first step is to request a copy of your credit report with the three main credit bureaus (Equifax, Transunion and Experian). Next, you have to thoroughly investigate them to see which credit bureaus have the collection account listed on your report.

After you figured out which report it is you have to write them disputing the collection with each bureau separately. Once the dispute reaches the creditors via registered mail, they have thirty days to do their investigation and get back to you with the results. If they do not get back with you on the results of the investigation, they have to delete the collection item off of your credit report.

Knowing how to delete negative items off of your report will not help you if you do not have a full understanding of credit. It is extremely important to understand the Fair Credit Reporting Act and how it works. This will help you to have a full understanding of your rights and what the credit bureaus can and cannot legally do when handling your credit file.

Source by Tony Banks

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