Learn To Remove Charge Offs From Your Credit Report In Two Easy Steps
There are a variety of ways that you can destroy your credit score. The biggest thing that can bring down ones credit score is charge offs. A charge off is equivalent to Microsoft’s blue screen of death. Its defiantly something that nobody wants to see.
I know this article may have started out a little on the dark side. I will need you to keep the faith, and I promise that there will be a pot of gold at the end of the rainbow. With that thought in mind please keep reading! You are just a few sentences away from discovering how to skyrocket your credit score through the roof. Keep that image planted in your minds eye and lets proceed to the first step… Shall we?
In order to really get the ball rolling you first need your credit reports in hand. Take note that I intentionally put a “s” at the end of the word report. That’s because you are going to need to request all three of your reports from the credit bureaus. Thanks to the Fair Credit Reporting Act each and every U.S. citizen is entitled to at least one free credit report per year. Personally I recommend that you check your credit two times a year.
You can consider this the second step. This is when you actually have your credit reports in your hands. You will want to take a highlighter and highlight all of the negative dings (charge offs) on your credit report.
You will want to then write a detailed letter of dispute to each of the credit bureaus. Here is the catch and where most people make a mistake. When mailing your letters of dispute you MUST send the letters via certified mail.
Your certified mail receipt will be the only acceptable proof of the time and date that your dispute letter was sent. From this point the credit bureaus have 30 days to conduct their investigation and to respond to your dispute. If the credit bureaus fail to respond within the allotted time then the disputed charge offs must come off of your credit report.
The average person fails to comprehend the importance of the strategy that I just explained. You could easily increase your credit score by over 100 points if you only removed one charge off. Do you want to save hundreds or maybe even thousands of dollars? How would you like to have more buying power? After all we could all use the extra buying power.
Now go old wise one and share your newly found credit repair information with the world. And together we can make it a better place for all.
