ByHow to Erase Bad Items from Your Credit Report
First, we can't overstate the need to before it overtakes your financial life. Translated through a low credit score, bad credit is one of those things you should not hesitate to remove from your report.
If you don't know where to start, you're in the right place. We'll show you how to remove bad credit from your report so you can reclaim your financial freedom. Do you need expert help to clean up your credit report fast and easy? Try DoNotPay, we will help from your report and give your credit score a good boost.
What Is Bad Credit?
is a poor financial history brought about by the accumulation of too much debt or not paying bills on time. A person with bad credit typically makes late payments and, according to Experian, is most likely to carry on the habit into the future.
Other circumstances that could lead to bad credit are:
- Accounts sent to collections
- Past bankruptcies
Such payment history and indicators are then used to score their creditworthiness on a scale of 300-850. Depending on the credit score model your lender prefers, bad credit falls below 670 on the FICO score and below 600 on the VantageScore 3.0.
Effects of Bad Credit
As discussed earlier, bad credit carries a negative impact on your credit score and can present some financial challenges.
Here are some of the roadblocks you're likely to face if you don’t .
| Loan Rejections | This is a big sign that your lenders are reluctant to offer you new lines of credit due to your low credit score. These disapproved lines of credit may include new credit cards, mortgages, auto loans, personal loans, and student loans. |
| Hard Time Renting an Apartment | Renting a living space may get difficult for you because many landlords do background checks to assess your ability to make rent payments on time. |
| Employment Issues | Your potential employer may perform background screening by viewing a section of your credit report. Although they may not see your credit score, your payment history may become the big determinant as to whether you'll get the job or not. |
Can I Dispute an Error on My Credit Report?
Yes. It is possible to dispute an error on your credit report. Credit bureaus process huge amounts of data at any given time and can easily make errors on your report, leading to a bad credit score.
If you suspect that your bad credit history is due to errors on your credit file, you can file a credit dispute with the major credit bureaus. Under the FCRA, they should correct any errors, or if unable to validate their claims, remove the entries completely.
Sue for an Unresolved Credit Report Dispute
If a credit bureau won't budge despite repeated requests to remove the errors, you have a right to sue for compensation under the Fair Consumer Reporting Act (FCRA).
Depending on the violation, you may receive compensation in terms of:
- Attorney fees
- Actual damages
- Statutory damages
- Court fees
- Punitive damages.
It is possible to sue and win against a credit bureau. Better yet, you don't have to hire expensive lawyers to win the case. DoNotPay has a feature that can help you sue anyone in the small claims court. All you need to do is offer a few details about your case and we'll advise you on the next best step to take. You'll also receive helpful materials, including a court script to help you prepare for court day so you can win your case.
Erase Bad Debt Fast with the Help of DoNotPay
Removing bad debt by yourself, as demonstrated in Julie's case, can be time-consuming and frustrating. That's why DoNotPay has come up with a super easy process that you can use to clean your credit report hassle-free.
How to clean up your credit report using DoNotPay:
If you want to clean up your credit report but don't know where to start, DoNotPay has you covered in 3 easy steps:
- Search Clean Credit Report on DoNotPay.
- Prepare a recent copy of your credit report that you can use as a reference.
- Let us guide you through the 4 potential options:
- If you've already paid off your debt, we'll help you file a Goodwill Removal Request to get it removed.
- If you notice any errors in your report (we have a list of common errors you can use!), we'll help you file a credit dispute to the creditor or major credit bureaus.
- If there are no errors, we'll check if you're still eligible to file a debt validation request. If they can't validate your debt, they're required to remove it from your report and they can't collect it!
- Lastly, if none of the above options work, we'll help you file a pay-to-delete negotiation letter. You can customize the amount you are willing to pay in exchange for getting the item removed.
You can also check out our other credit products:
- Request Debt Validation Letter
- Send Credit Dispute Letter
- Credit Limit Increase
- Get My Credit Report
- Keep Unused Cards Active
- and more!
What Else Can DoNotPay Do?
There is so much more DoNotPay can help you do, including:
- Help with bills you are unable to pay
- Help to find financial aid appeal letters
- Cancel any service or subscription
Do not let that bad credit history stay on your credit report another day. Let DoNoPay help you erase it quickly and easily, or even sue the bureau to have the errors removed so you can enjoy financial freedom.