Remove Collections From Your Credit Report

You must dispute a collection to remove it from your credit report. A dispute needs to be filed directly with the credit bureaus. A dispute letter must be sent to each bureau. In your letter you have to identify the mark you are challenging and explain why it is inaccurate and should be erased from your report.

Upon receipt of your letter the bureaus will conduct an investigation into the item. If the challenged item is verified then a credit repair service can be very helpful. This service will be able to use advanced techniques such as; escalated dispute information requests, debt validation, and creditor direct intervention.

What is a collection?

Your account will go into this after 6 months or more of delinquency. It is a lenders last resort to recover payment. Most lenders have some form of in house service. However many also will use an outside agency and/or sell your debt. These agencies will either work with lenders or purchase your debt outright. An agency is often brought in to collect on delinquent accounts and they are paid a percentage of every dollar recovered.

Be aware that if you just pay, the item will still remain on your credit report. It will change the status of the mark but it will not be removed from your report. Future lenders will still see the mark as a derogatory item even when paid. In sum you can remove collections from your credit report. You do not have to live with bad credit items for 7 years.

For more about how to remove a credit card debt collection from your credit report or to see how you can remove NCO Financial, a common collection agency, visit us.