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How
to Remove Negative Credit (Part III)
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Step
1: To dispute a negative item on your credit file you
need to first identify the negative items that you want
removed.
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Once
you know which items to dispute, DO NOT complete the
Dispute Forms that the Credit Bureaus included with
copies of your credit file that they sent you. It's
much more effective to write a letter. Include your
name, date of birth, address, and social security number.
(If you have not been at your current address more than
2 years, include your previous mailing address as well)
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sure to include a copy of your credit file and keep the
original for your records. Highlight or underline the
items you are disputing. Mail the dispute forms to the
address listed on each credit file. |
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| To
dispute an inquiry, simply write that you never applied
for credit with that company. |
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| Make
a photocopy of your dispute letter for your records and
be sure to send it by Certified and Return Receipt Mail
from your local Post Office. Mail your dispute form to
the address provided with your credit file. Repeat the
above process for each item that you want removed or changed. |
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| Step
2: After reviewing your updated credit file and finding
that most or all the negative items have been removed,
you may now focus on building a positive credit profile.
Positive information will always outweigh a few negative
items that may remain on your file. |
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| Step
3: This technique
is extremely effective in removing any negative information
that was supposedly verified as correct after your dispute.
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| Important:
Always remember that if the dispute is sent in from anyone
other than you, the Credit Bureau will suspect that you
have paid someone to repair your credit. This raises all
sorts of Red Flags. Since they make so many mistakes it
is imperative that they believe you are working alone
and trying to fix a real legitimate mistake. |
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| If
there is a negative item that you want removed from your
credit, such as a bankruptcy, charge off or collection
account, you may want to write that this is NOT your account
and you want it removed immediately. |
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| If
the account is now paid off, but was seriously past due
at one time, DO NOT write that it's not your account.
Instead, write that it is your account but was NEVER past
due and you need it updated to say that everything has
always been current. |
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| An
Extremely Powerful Technique... |
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| This
auditing technique is usually only practiced by attorneys.
It would be very expensive to hire attorneys to do this
for you. However, by following the instructions you'll
get similar results as any attorney (you just won't have
to pay). |
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| If
the Credit Bureaus were able to verify any disputed information
as correct, it would remain on your credit file. So you'll
need to contact the creditor who is reporting the information.
The creditor who reported the item is listed on the left
or bottom of your credit file. If their phone number is
not provided, call directory assistance in their city
and ask for the creditor's telephone number. Call and
ask them to mail you written proof and documentation that
this is actually your account, since you do not believe
the account belongs to you. |
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| Almost
all creditors and collection agencies use computers to
store information about debtors and they throw out original,
signed contracts along with other original documents.
This makes it easy for creditors to store and organize
information BUT makes it impossible to actually prove
the account is really yours and not just another mistake. |
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| Federal
Law requires that upon your request, all creditors must
show you written proof that the account in question is
in fact yours. Written proof is a copy of the contract
you signed with the original creditor. As we explained
before, you are stored on the creditor's computer and
chances are excellent that they have thrown out all the
proof that this is your account. |
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only creditors that may have proof are the courts (Recent
Bankruptcies, Unpaid Tax Liens, Unpaid Judgments & Unpaid
Child Support). |
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| Again,
all Federal Laws are in your favor. If you say an account
is not yours and the creditor does not have written proof
that the account belongs to you, they must remove the
account from your credit file and cease all collection
activity. If they don't have written proof that the account
is yours, there are two ways to get the item removed (see
items A & B in Part IV). |
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