Disputing Inaccurate Information and Collections on Your Report
A debt collection agency can't report information that's inaccurate or incomplete on your credit file. It's against the law. So, if any of the information reported about a collection account is incorrect or incomplete, you have the right to dispute that account with the agencies. They must verify the information with the source. If the source doesn't confirm the information within 30 days, the credit reporting agency must remove it. If the debt on your credit report isn't yours, don't pay it. We'll have the credit bureau remove it from your account after a formal dispute. If a collector keeps a debt on your credit report over seven years, they must remove that debt.
Will a Collection or Debt Automatically Come Off Your Credit Report?
Collection accounts remain on your credit report for up to seven years after the date you first became delinquent with the lender.
Foreclosures
Remove a Foreclosure from Your Credit Report
Removing a foreclosure from your credit report requires time, patience, and expertise. You can dispute it, but you’ll need the correct documentation to demonstrate that it doesn’t belong on your credit report.
You may be able to remove a foreclosure from your credit report if:
The foreclosure is more than seven years old
The lender is no longer in business
You have a voluntary dismissal
There is a lack of available records
Violation of Predatory lending laws
How Does a Foreclosure Affect My Credit Score?
A foreclosure can drop your credit score by up to 140 points.
Foreclosures mean you were late on your payments before the foreclosure, which leads lenders to think you might not pay them back.
How Long Does it Take for a Foreclosure to Come Off Your Credit Report?
Foreclosures can typically stay on credit reports for more than seven years.
Repossessions
REMOVING A REPOSSESSION FROM YOUR CREDIT REPORT
To remove repossessions from your credit report, you’ll need to prove to the credit bureaus that the repossession is fraudulent, outdated, inaccurate, or in violation of predatory lending laws. Another way to remove repossessions from a credit report is to validate all sales and lending procedures involved are free of State DMV violations.
HOW LONG DO REPOSSESSIONS STAY ON MY CREDIT REPORT?
A repossession can stay on your credit report for up to seven years, making it harder for you to qualify for other loans.
Repossessions have a severely negative impact on your credit and can show lenders that you may not be able to make payments on future loans.
Evictions
REMOVE AN EVICTION FROM MY CREDIT PROFILE
Are you tired of being denied rental property in the neighborhood of your choice because of a past eviction? Have you ever wondered why most evictions don't show up on your traditional credit report profile, but landlords always seem to find it? At Credit Gurus, we access all credit reporting agencies, not just the primary 3 (Transunion-Equifax-Experian)
Here are some ways to remove evictions
While the process is more complicated, it's not impossible.
Petition the court: In the county that filed the case, you can petition the court to have the eviction expunged from your record.
Win your case: If the landlord served you an eviction notice without a legal or valid basis, prove that. A judge is more likely to rule in your favor if you demonstrate that the eviction was unfounded and not the result of you breaking your lease.
Show proof that you didn't violate the lease: Make it evident you didn't break the terms of your lease. For example, prove that you paid your rent and left the property in a satisfactory condition. Provide evidence when possible. Documentation, such as cleared rent checks and photos, can support your case.
Ensure proper procedures were lawful: Keep an eye on the landlord's process of carrying out the eviction. Laws vary by state, but there's always a specific procedure a landlord must follow when filing the eviction and serving the eviction notice to you.
Make yourself familiar with your state's laws governing eviction suits. Be sure to document how your landlord fails to abide by the required legal process.
About Our Credit Repair Program
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