Luckily, it is possible to remove something off your credit report before 7 years.
It’s smart to remove something from your credit report if you’re trying to clean up your credit report for a mortgage or car loan.
Perhaps the negative entries are just bothering you!
How to Remove A Negative Entry On Your Credit Report
Whether you’re dealing with late payments, collections, charge offs, or foreclosures, there are several effective techniques that will clean up your credit report rather quickly.
Check out the following articles for each type of negative entry that you might like removed from your credit report.
- Charge Offs
- Late Payments
- Medical Collections
- Hard Inquiries
- Tax Liens
Have a Professional Remove the Negative Entry
If you’re the type of person who would rather have a professional handle it and just be done dealing with it all on your own, I suggest you check out a company called Credit Saint.
We have heard that they have helped a lot of our readers, and honestly, they usually get stuff removed a lot quicker. Check out their website here.
Start With a Credit Dispute Letter
Before you try anything else, you should first make sure the negative entry on your credit report doesn’t have any inaccuracies. Studies have shown that most people’s credit reports contain errors.
The trick here is to look for any errors whatsoever on each negative entry. Just because the entry itself is accurate doesn’t mean the details about the entry on your credit report don’t contain errors.
In fact, you’ll find out that it most likely does.
The first step is to get a copy of your credit report and closely look over each entry and check each detail against your records.
Write a Goodwill Letter
If disputing the negative entry doesn’t work (that is, either there weren’t any errors or the credit agencies verified them as accurate), your next step should be writing the creditor or collection agency asking them to remove the negative entry out of goodwill.
This is most effective when you’re trying to remove late payments, paid collections, or paid charge offs.
A goodwill letter is really easy to write and you can use my goodwill letter template as a starting point. You will basically explain your situation to the creditor or collection agency.
While this may seem like a long shot, you’d be surprised how often it works. This is especially true if you’re a current customer because they want to keep your business.
Negotiate “Pay For Delete”
If you have any unpaid collections or charge offs, the best way to get them removed is to negotiate with the creditor or collection agency and offer to pay the unpaid debt if they agree to delete the negative entry from your credit report.
This is very effective as long as you get everything in writing. Therefore, never do this over the phone.