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Here is an excert from Phil Turner's book the Credit Bible about disputes. Action Strategy 2: Dispute those items you know are incorrect -- meaning accounts that are not yours, and or outdated accounts. Note: Don't dispute negative accounts just because the balance is incorrect. For example, if you dispute negative accounts by saying "I paid this account in full" you will possibly lock yourself into a negative mark for at least 7 years. The only thing that the credit bureau will do is change the balance -- the negative mark will not be removed. There are strategies used by credit repair companies in this book to show you how to dispute these incorrect items. Action Strategy 3: It is o.k. to dispute at once all the negative marks that are not legitimately yours or are outdated; otherwise dispute only three (3) accounts or two to four inquires at a time. This takes longer, but the strategy has been proven to be effective. If you dispute too many items at once, the credit bureau will think you are trying to get off the hook and will delay or not reinvestigate your request using the "frivolous or irrelevant" clause under the FCRA. You must work within the system, the results are a lot more favorable. Note: When preparing your first dispute letter, you can start disputing items that may be correct if you have less than three (3) accounts that are incorrect or outdated. Don't dispute more than three (3) items, unless you're disputing false information. Dispute: "I never had a collection account..." You really need to have the proper knowledge prior to disputing. Mistakes can be costly. This is why I recomment getting a good book on the subject.

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17y ago

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Is there a time limit on disputing inaccurate credit information?

There is no statute of limitations in disputing information on your credit report. If it is being reported, it can be disputed. Simple enough! ;o)


How do you remove collections from credit report?

Good question. There are a few tactics to remove collections from your credit report; First, is the debt paid off? If so, the option I would suggest is to write a dispute letter to that specific credit bureau. If the debt has not been paid yet, typically, you can negotiate with the creditor to remove the collection account from your credit report if you pay the debt (WARNING!!! make sure this is stated in writing before you send any money).


Can a collection ruin your credit report?

Yes a collection can ruin your credit report. Collections are similar to charge offs and will lower your score significantly all depending on the age of the collections and the amount owed. You can remove a collection by disputing it to the credit bureaus or by contacting the original creditor and working out a deal. Either way works well. You might have to hire a credit repair service if you decide to dispute it or have the money to settle the collection if you contact the creditor directly.


Do collections appear on a credit report?

Yes, collections can appear on a credit report.


What are three types of credit?

1 Liberal on credit/conservative(tight) on collections 2 Moderate on credit/moderate on collections 3 Conservative(tight) on credit/liberal on collections


Can collections hurt your credit score?

Yes, collections can hurt your credit score. When a debt is sent to collections, it indicates that you have not paid it as agreed, which can lower your credit score.


Where can someone find a software that helps keep track of credit card spending and collections?

There are several different personal budgeting software packages that help track credit card spending and collections. Popular examples are Quicken, TurboSystems, and Mint.


Can the same debt be on your credit report multiple times due to collections?

No, but it happens. This can be disputed before you pay any collection agency call me first to give you information about a free weekly conference call on credit repair and what protect you from these collections agencies.


How can you get all your credit reports to match?

AnswerYou get them to match by disputing errors with each individual credit agency.


How do collections impact your credit score?

Collections can have a negative impact on your credit score. When a debt is sent to collections, it indicates that you have not paid it as agreed. This can lower your credit score and make it harder to get approved for loans or credit cards in the future. It's important to address collections promptly to minimize the impact on your credit.


How do you get credit reporting agencies to delete items from your credit report?

By disputing negative or errorenous information on your credit report. You can do it yourself or hire a reputable credit repair firm.


What are the names of some debt collection services?

There are many debt collection services. Examples of some companies are EOS Solutions, Credit Resource Solutions, Reliable Collections and Ultimate Credit Services.