Can late payments and collections be cleaned from Credit Report?
Wednesday, May 5th, 2010 at
8:11 pm
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Filed under: Clean Credit Report
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no they can only remove false info
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No one, not even a lawyer can clean your record (if it’s true), except you. The only way you can do that, is to pay the debts and keep all bills current. After a few years, the bad stuff will fall off automatically. Don’t be late on any more payments, and in a few years, you’ll have good credit. Good Luck.
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My experience
Per the Fair Credit Reporting Act (Federal law) no one can remove derogatory credit unless the information is incorrect.
The only thing you can do is if any of the information is incorrect be it a date, amount of money owed etc. you can dispute those items and hope for the best, sometimes it works and other times they simply correct the information.
If it’s something like a medical collection, cell phone bill, utilities or some other non credit card related account you can also ask for a pay for delete agreement from the collection company this simply says that in return for your payment they agree to remove the account from your report, if they agree get this in writing before you give them a dime.
I see some scam answers have showed up so I will quote from the 2009 edition of the Consumer Action Handbook.
"If the information is accurate, only time, hard work, and a personal debt repayment plan will improve your credit report. Credit repair companies advertis they can erase bad credit for a hefty fee. Don’t believe it".
Good luck.
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Finance Manager for over 9-years / 2009 edition Consumer Action Hnadbook.
no any genuine recodes can not be deleted just for your convenience.
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