3 Simple Ways to Clean Credit History for Free
Positive credit entries reflect in a credit report for an indefinite period, whereas paid accounts report for up to 10 years, providing various perks to the individual. If, however, a credit report has any negative information, it needs immediate attention. Delinquencies that are 30 to 180 days may stay in the credit history for 7 years from the date the debtor missed the initial payment. If the damage is already done, rather than wasting time pondering over questions such as “how do I erase my credit score” or “how to delete credit history”, invest the time in preparing an effective plan to undo the damage.
To help, in this post, we discuss three simple tips to get you started on the road to redemption, especially if you need to repair your credit score after debt settlement. Let’s take a look.
1. Use Federal Provision
Federal laws entitle US taxpayers to challenge any unverified, false, inaccurate, or obsolete entries listed in their credit report. If you are troubled by a low score, the first step you need to take is request a copy of your credit report from all of the three major credit bureaus. All American taxpayers are entitled to receive one free copy of their credit report every year, from all three entities. Closely examine your credit report to check whether it contains any objectionable information. If unsure, we recommend seeking the help of a credit repair expert.
2. Be Proactive
Don’t wait for the debt load to grow so high that the scenario goes completely out of hand. If you notice any discrepancy in credit report or have any financial issue, get in touch with the concerned financial institution for help. Some banks and credit card companies assist their customers in managing finances by lowering interest rate, waving off late fee, and delaying payments, provided they are intimated in time. If you make the payments as promised, the bank or lender might also agree to remove the negative elements from your credit report.
3. Use Non-listed Credit
If any of the issuers of your credit cards are not reflecting in your credit report, you can always ask them to prepare a positive report for you. This increases your trustworthiness and may also balance the impact of any negative marks you may have on your credit report. One thing that you need to keep in mind is that it is not mandatory for these companies to prepare a positive report for their clients, and therefore, you need to contact the issuer(s) to check if they agree to provide a positive feedback regarding your credit management abilities.
Last Few Words
Although it is not possible to erase bad credit overnight, and anyone claiming to do so is nothing but a snake oil charmer, there are many effective long-term strategies to repair credit, even after charge offs. In addition to following the measures discussed in this post, it is advisable to consult a credit expert who can create a tailored recovery plan based on the dynamics involved. If you too are troubled by a low credit score or have negative entries in your report, RMCN’s team of credit repair professionals are here to assist. You can reach us at (888) 469-7372 for a no-obligation consultation.