Debt Consolidation Credit Counseling In Phoenix

You do not have to just wait for negative marks on your credit report to fall off. You can remove them and improve your credit score.

The Fair Credit Reporting Act that was passed by Congress gives you the right to dispute any item on your report. This act also makes it law that if the item is not verified by the creditor then the bureau must delete it from your credit report.

For you to dispute an item you must create a dispute letter. You can do this yourself or you can hire a service to do it on your behalf.

Upon receipt of a valid dispute letter the bureau will investigate the item. They will ask the creditor to verify the account, the balance and the dates of delinquency.

If the account is not verified then it must be removed from your credit report. It has been found that items older than 2 years, charge offs, repossessions, late payments and discharged bankruptcies are easier to remove from your credit.

After two years the lender has received some form of payment. For example with a charged off credit card account the debt has been sold to a collection agency, and the lender has no need to save any record of your account.

This account will be deleted when disputed. It is more difficult to remove; judgments, tax liens, recent bankruptcies and recent delinquent accounts. This is when having a service to dispute your credit can be very helpful.

If you have a service and your disputed item is verified then they can use advanced dispute techniques to remove the item. The techniques include; creditor direct intervention, escalated dispute information requests, and debt validation.

In addition it will help your credit score if you open a revolving line of unsecured credit. I suggest a bad credit credit card. This will help you build a positive payment history which is very important when your score is being calculated.

In sum do not wait to repair your credit score. You can remove bad credit items and improve your score today.