Remove Collections From Your Credit Report

How you can remove a collection account from your credit report.

You will have to dispute the collection to have the credit bureaus remove it from your credit report. You must file a dispute directly with the bureaus.

A dispute letter must be sent to each bureau. In your letter you have to identify the mark you are disputing and why it is inaccurate and should be erased from your report.

You will have to send a copy of this letter to each credit bureau. Upon receipt of your letter the bureaus will conduct an investigation into the dispute.

Often an instigation results in the removal of a bad credit item. This happens because many collection agencies and lenders will not spend the time or money verifying a disputed debt.

If your debt is verified then a credit repair service can really be helpful. They can use advanced dispute techniques such as; debt validation, escalated dispute information requests and creditor direct intervention to remove a negative mark.

What is a collection?

A collection will occur approximately after 6 months of delinquency. It is a lenders last resort to recover payment.

Most lenders have some form of in house collection. However many also will use an outside collection agency and/or sell your account.

Collection agencies will either buy your debt for a fraction of the balance or they will collect on a commission basis. Meaning they will be paid a percentage of every dollar collected.

An important tip to know is that if you get a collection on your credit report and just pay it, the negative mark will not be removed from your credit. Instead it will just change the status of the collection. The mark will remain and it will still be seen as a negative mark by potential lenders.

In sum you can remove collections and bad credit marks on your credit report. You do not have to wait 7 years for the mark to expire.

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