Remove collections from Credit Report

Remove collections from Credit Report
To get collections removed from a credit report there is a
process to follow. There is also a big misconception out
there that you can get collections removed that you owe.
Yes you can get collections removed but there is seasoning
requirement in order to get them removed. In this article
we will discuss what can and can't be removed from your
credit report.

Get a copy of your credit report with credit scores
If you want get collections removed you obviously need to
know what is being reported on your free credit score
report. You also need to make sure you pull a 3-1 credit
report with all 3 of your credit scores. Once you have done
this then you can determine what you need to start
disputing. I see a common problem all the time, and that
problem is people disputing information they owe. That does
absolutely no good unless the original collection date has
expired per the Fair Credit Reporting Act (FCRA). Here is
list of when certain collections will expire and are to be
removed from your credit report by law.

Derogatory expirations guidelines:
* Chapter 7 - 10yrs
* Chapter 13 - 7 yrs
* Tax Lien - Until paid off
* Child support - Until paid off
* Collections - 7yrs
* Chare Offs - 7 yrs
* Late payments - 7yrs
* Inquires - 24 months
* Foreclosure - 7 yrs
* Repossession - 7 yrs
* Judgments - 7yrs

*Expirations date starts ticking from the original
collection date.

Dispute expired items on credit report
Once you have reviewed what derogatory information on your
credit report is inaccurate, make sure you highlight those
items on your report. Determine which collections, late
payments, charge off, etc..... are set to expire or have
already expired. Now you can start the on-line disputing
process. I am personally a fan of disputing on-line for the
simple fact that it is faster and easier. The credit
bureaus will be able to verify the original collection date
after you dispute. If the bureau finds you are correct they
will remove the derogatory remark. This will start
increasing your credit scores. If the collection has not
expired don't dispute it, you are wasting your time. The
collection will not be removed unless the expiration date
has expired. Folks it's really that simple. There is no
quick way to get bad credit removed. Just remember if you
are late on a obligation you can expect your credit score
to drop around 150 points, and the negative mark will be on
your credit report for 7 yrs. So with all of this being
said, make sure you pay all your bills on-time.

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About the Author: Mike Clover is the owner of
http://www.creditscorequick.com/ . CreditScoreQuick.com is
the one of the most unique on-line resources for free
credit score report, Internet identity theft software,
secure credit cards, and a BlOG with a wealth of personal
credit information. The information within this website is
written by professionals that know about credit, and what
determines ones credit worthiness.