Will Deleting Bad Credit Improve My Credit Score?
The fastest and the most influential way to improve your low credit score is to delete bad credit from your credit report.
You could use two techniques to remove either inaccurate, negative or questionable items from your credit report.
A very simple way of deleting bad credit from your credit report is by filing a dispute with the three main credit bureaus that are Equifax, Experian and TransUnion.
These credit bureaus take about 30 days to process your query and respond back to you.
In most of the cases, creditors do not respond back to the credit bureaus, hence, in such a case the negative items are deleted automatically from your credit report.
Another method of dealing with the bad credit is by dealing with your creditor yourself.
This could include discussing about a repayment plan or even payment in exchange for writing as paid as agreed or paid status with the credit bureaus.
This method could be more favorable to you if the debt is less than 180 days due.
In case the debt is late than 180 days then the creditor may have sold your debt to a collection agency and then you have no reason to negotiate with them.
If you have an agreement to pay a part of the total amount as a payment in full, then be certain that any agreement you make should be in writing form and signed by both the parties.
If you are presently preceding the collecting SOL and living in a state that permits the collecting SOL to be rearranged upon your on paper settlement to pay, they could lawfully be able to sue for the outstanding lot.
In case it is former the lawful collecting SOL in your state, you do have an authorized right to send them a SOL letter telling them the debt is no longer lawfully collectible.
You could use two techniques to remove either inaccurate, negative or questionable items from your credit report.
A very simple way of deleting bad credit from your credit report is by filing a dispute with the three main credit bureaus that are Equifax, Experian and TransUnion.
These credit bureaus take about 30 days to process your query and respond back to you.
In most of the cases, creditors do not respond back to the credit bureaus, hence, in such a case the negative items are deleted automatically from your credit report.
Another method of dealing with the bad credit is by dealing with your creditor yourself.
This could include discussing about a repayment plan or even payment in exchange for writing as paid as agreed or paid status with the credit bureaus.
This method could be more favorable to you if the debt is less than 180 days due.
In case the debt is late than 180 days then the creditor may have sold your debt to a collection agency and then you have no reason to negotiate with them.
If you have an agreement to pay a part of the total amount as a payment in full, then be certain that any agreement you make should be in writing form and signed by both the parties.
If you are presently preceding the collecting SOL and living in a state that permits the collecting SOL to be rearranged upon your on paper settlement to pay, they could lawfully be able to sue for the outstanding lot.
In case it is former the lawful collecting SOL in your state, you do have an authorized right to send them a SOL letter telling them the debt is no longer lawfully collectible.
