Subscribe to Our I Love Making Money Weekly


Share on
Share on email
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp
Share on reddit

How to Remove Negative Information on Your Credit Report

Get Rid of Any Blemish on Your Credit Report and Boost Your Credit Score
How to remove negative information from your credit report

I Love Making Money Staff & writers

Share On:

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest

Some of the links in our posts are from our sponsors. We provide you with reliable information and may receive income from our sponsors.  Learn about how we make money

Now that you’re quarantined at home. Let’s start working on improving your credit score. It’s important to periodically review your credit report, no matter how good your credit is and remove any negative or inaccurate information from your report.

Credit Repair

Debt Repair

Credit Assistance Network

Get a Free Credit Consultation for Credit Repair

Doing this on an annual basis will ensure that there are no mistakes on your report, and any time you are planning to apply for credit or a loan, it’s best to have another look, just to make sure things are accurate.

The Fair Credit Reporting Act says that you are entitled to a free annual credit report. You can request one directly from each of the credit agencies or you can go to FreeCreditReport.com and create an account. I requested mine and now, it updates within their backoffice.

You can also go to TransUnion & create your account with them. They have a credit monitoring solution that alerts you when anything is posted or anything changes within your credit report. Click here to create your account.

Address and Phone of the Credit Bureaus

Credit BureauMailing AddressPhone NumberBBB Rating
TransUnionP.O. Box 1000
Chester, PA 19022
EquifaxP.O. Box 740241
Atlanta, GA 30374-0241
ExperianP.O. Box 2104
Allen, TX 75013-0949

Important Tip: If you find yourself in a situation where you cannot pay your bills, and you feel bankruptcy is a viable option, note that this does not fare well for your credit report and will stay on the report for 10 years.

Let’s start looking for any errors or inaccurate information. Removing any inaccurate negative information will boost your credit score.

If you see something not right on your report, these are the best things to do to remove negative items from your credit report.

Send a Dispute to the Credit Bureau.

dispute letter template for credit agencies

If you see an error, contact the credit bureau online or by mail immediately and describe the error. To submit the dispute online, follow the corresponding credit bureau’s online instructions.

Do you pay rent? Did you know you can add rent to your credit report to boost your score? Rent Reporters reports your payments to Equifax and Transunion, and the average increase is 40 points in 10 days. Click Here for Details.

To submit by mail, send a letter describing the error and submit copies of any proof you have. They will look into the matter and remove the error if their findings correlate with your dispute, or contact you with more information.

Dispute Letter Template for the Credit Bureaus

Here’s a dispute letter template showing exactly what the credit bureaus need to dispute and remove an item from your credit report.

Use this dispute letter template to send to the credit agencies to clean up your credit report. Click To Tweet

Submit a Dispute with the Business that Reported to the Credit Bureau.

If you feel that you were charged in error with any business, this may be the best place to start. Be it a service business, a credit card issuer, bank or debt collector.

If you make the dispute in writing (online or by mail), they are required by law to investigate the situation, just as the credit bureaus do.  When the business determines that there is indeed an error, they are required to alert the credit bureau to remove any inaccurate or false information from your credit report.

You can also download a free credit repair app that will locate any errors and dispute them for you.

Pro Tip: If an items is still incorrect after a dispute, then, send the same letter every six months letting them know that you want accurate information and point out the inaccuracies in your report. I did this for two years during college & boosted my score 200 points.

Credit Report Limit to Remove Negative Info

Another tactic is to simply wait out the time limit imposed on your credit report. For any late payments or other similar blemishes to your credit, seven years is the length of time these negative issues stay on your report. For any bankruptcies, the limit 10 years. And the older the negative information become, the less impact it has on your credit.

Personally, I would rather start a side hustle and use that money to pay off all my debt. There are many side hustles you can start right now to make some fast cash.

You could find a freelance job or make money blogging. You could become a freelancer on Fiverr and turn your skills into money.

Pay to Delete Negative Information from Credit Report

If you have a severely delinquent loan or credit card, you may be able to negotiate a fair pay-off amount with your creditor in exchange for having the negative details removed from your credit report.

This works for some creditors, so it is worth a shot if you can come to some sort of agreement with them. If you need to make more money, consider one of these side hustles to put more money in your pocket.

My friend works for a collection agency and negotiates $200,000 balances for $20,000 or even $2000. It can be done, and it’s all negotiable.

Of course, having more money solves most problems.

Here are four additional ways you can search our site to find ways to make more money.

  1. Find a Side Hustle to Make Money Online
  2. Make Money Blogging
  3. Four Steps to Make $1,000
  4. Find a Freelance Job

Get your current credit report today and check things over carefully. It will give you piece of mind the next time you apply for that loan or credit card.

Credit Repair

Debt Repair

Credit Assistance Network

Get a Free Credit Consultation for Credit Repair


Get strategies on making and managing money delivered to your inbox weekly!

1 Response

Leave a Reply

Your email address will not be published. Required fields are marked *