You have seen it on television oh so many times. A company promises to completely wipe things off your credit report and have your credit score fully restored virtually overnight. Well, unfortunately, real life is nothing of the sort. Companies, like this one, have the same powers over your credit report as you do. The simple fact is that you cannot remove an accurate , legitimate debt from your credit report without paying it or settling it with the debtor, period. There are ways, however, to remove ones that are not legitimate. You do not need anyone to assist you to accomplish these tasks.

There are companies, however, that can perform all of the legal measures available for you. This can be anything from submitting credit disputes, to requesting debt validations, to setting up a debt repayment plan for you. Many different law firms specialize in this area. If you are too busy, or just would rather have someone else do it, then I would highly recommend one of these programs. They are usually very affordable, and there is almost always some level of benefit to the consumer. Just watch out for the incredulous promises like, “all negative items removed from your credit report” and other similar claims.

If you do have the time and energy, and you know for a fact that some of the items on your credit report are erroneous, then I also recommend taking your credit into your own hands. If there are erroneous debts on your credit report, you have to write to them with a formal letter and explain the discrepancy in detail. Tell them why you believe the debt is not legitimate, and provide copies of any documents and receipts to strengthen your case. When the credit bureau receives your letter, either they will remove it immediately (unlikely), or they will start an investigation into your claim. It takes about 30 days for this process to complete, and even a lot earlier sometimes. If you have used the same name and address for years on end, then they will have no trouble locating records about you, thus it is easier for them to complete the investigation.

After they are done, they send you a letter of decision. That letter will tell you that they found the debt to be accurate (it stays on the credit report), or they cannot prove the validity of the debt and remove it from your credit report. This is just an example of one of the simpler scenarios in dealing with the credit bureaus. Sometimes, the process can get complicated; getting to know the ins and outs of the credit industry can go along way towards helping you beef up your FICO score. This letter is an example of an erroneous entry removal request that you would send to the credit bureaus, just adjust it in the appropriate areas, and send it to the credit bureau.

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