How to Delete Bad Credit and Enjoy a Much Improved Credit Rating

by Jim Briskk on April 24, 2012

How to delete bad credit is not exactly a very easy task. However, given the proper information, everyone should be able to d it and ultimately enjoy a healthy credit rating. Maintaining a healthy credit score is very important as this will be referenced not only in renting or buying a home. It can also dictate your chances at getting that job that you have always wanted. Even the minutest negative item in your credit report can also spoil your odds so you have to make sure that it is as desirable as it could possibly be.

To start cleaning up your credit report, you need to obtain a copy of it first. In the United States, you are legally entitles to a free credit once every year. You can get it from any of the three major credit bureaus namely Experian, Equifax, and TransUnion. You are also legally entitled to one if you have been denied with credit for whatever reason and when a company takes unfavorable action against you.

Your next stage on how to delete bad credit is to take a good look at your credit report and check for any errors that it might have. Statistics have shown that there are actually a big number of people who credit ratings suffer from their lender?s inability to report a loan that the borrowers have already paid. If you do come upon an erroneous entry, dispute it to the credit bureaus by calling them on the phone or filing your complaints online.

The statute of limitations state that any credit that has stopped reporting your debt to the credit bureaus may actually be removed from your report after some time if you ask for it. Although the time span can vary from state to state, the typical time is about 7 years. Still, you are not spared from having to pay for this debt. Your creditor might notice this after some time and, before you know it, it will be put right back to your credit record.

Another method that you can use on how to delete bad credit is to check the time passed on your credit. There are instances that any debt that you have already paid in full might still be reflected in your credit report. Particularly common among judgments and bankruptcies, you can simply just dispute this and the credit bureau should promptly remove it.

There might be a handful of techniques that you can use to fix your bad credit but the best way to do so would be to start paying off your debts and maintaining a good credit score. Contact your creditors and ask for a payment plan so you can start paying your obligation little by little. Your debts might reflect negatively on your report but this should be removed after some time.

A bad credit rating can have a negative impact on the various aspects of an individual?s life. However, you might never know that your low credit rating may just be brought by incorrect information that you have not bothered to look through and get it fixed. With the right knowledge and guidance on how to delete bad credit, you should be able to boost your credit score after some time.

Credit correction might be long and tedious but this can be done! Know how to make a remove charge off letter and other strategies here.

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