How to Correct Negative Remarks on a Credit Report

Your credit report plays a large role in your financial life and if you have negative statements on it, it can end up costing you a lot of money. Instead of simply leaving these negative remarks on your credit report, you may be able to take action and remove them. By communicating with your creditors and with the credit bureaus, you could potentially get the remarks removed and start to improve your credit score.

Instructions

1

Get a copy of your credit report so that you can see the negative remarks. If you plan on removing these remarks, you need to see exactly is included in the report. You can find out exactly which creditors left negative remarks and what they said. You can get a free copy of your credit report from the credit bureaus or buy one from FICO.

2

Contact your creditor to ask them to remove the negative statement from your credit report. You can start by calling your creditor on the phone and talking to them about the issue. If they are unwilling to remove the negative statement after talking, you can send a letter. Write a letter to the creditor and politely ask them to remove the statement. You should also include any proof of payment if you believe that the statement was left in error.

3

Contact the credit bureaus immediately after contacting your creditors. You can write letters to the credit bureaus that have the same information as the one that you sent to your creditors. Include the same proof of payment that shows when you paid off your accounts. If the company is incorrectly reporting that you had late payments on your account, you should be able to prove when you paid your bills with documentation.

4

Use a rapid rescoring service to help you with the process. If you are in the process of applying for a mortgage or some other type of loan, you can hire a rapid rescoring service to help improve your credit file. They have relationships with credit bureaus and they can often get negative remarks removed from your credit file within two or three days.

5

Investigate any credit repair services before hiring them to do work for you. When you work with this type of company, do not pay them for the services until they have done what they claimed they would do. Many of these companies are scams and they do not do what they claim, so you have to be careful in this industry.