How to Remove Serious Delinquency on Credit Report - DoNotPay Can Help
Your credit report is a reflection of your financial history and is often used as an indication of your ability to handle debt and pay bills in a timely manner. If you have a history of late payments and an accrual of delinquent accounts on your credit report, banks may consider you at high risk for defaulting on your account, so your terms will be far less favorable than if you had a positive credit report and higher credit score. Or, they may outright deny your application. If you are wondering how to and repair your credit, DoNotPay can help.
How Do You Remove Serious Delinquencies From Your Credit Report on Your Own?
You can on your own, but it's not always easy, and it takes time and effort to work through the process to make sure your results are as successful as possible.
1. Pull Your Credit Reports
There are three major credit bureaus that banks, insurance companies, rental agencies, and other institutions use, so it is important that you check each report. You are entitled to free copies of your credit report from each bureau, so check each one carefully and verify all the information. If you see discrepancies, inaccuracies, or incorrect information, you will need to file disputes with the credit bureaus.
2. Dispute Debt That Does Not Belong to You
If you find debt that is suspicious or does not belong to you, you should immediately dispute it through a debt validation request. It could have been misapplied to your credit report, or it could be a case of identity theft or fraud.
3. Send a Goodwill Removal Request
If you have already paid off a debt or are making timely payments towards debt, you may be able to have it removed by requesting a "goodwill" removal. Essentially, they can remove it from your credit report as an act of goodwill.
4. Dispute Incorrect Debt
As you go through your credit report line by line, pay special attention to all the information, and make sure it is correct. The type of information you need to verify includes:
- The length of time accounts have been opened
- If closed accounts are reported as open
- The number of missed payments
- The number of late payments
- The number of payments made towards the account
- Monthly payment amounts or the amount of money paid towards the account
- Amount of debt owed
- Other related, pertinent information, especially if it looks incorrect.
If you find missing or incorrect information, it is your responsibility to dispute it with the credit bureaus. If the information cannot be verified and corrected, it is likely that the debt can be removed from your credit report.
5. Request Pay-to-Delete Negotiation
If you have serious delinquency that you believe you can pay or partially pay off, you can try to negotiate a payment plan or settlement. Sometimes, they will remove the debt in exchange for a settlement.
Who Should You Contact to Dispute Debt?
If you believe you have a claim to dispute serious delinquency on your credit report or dispute other issues, you need to know who to contact and how to file a dispute. It takes time, effort, and energy, but if it is important to you, there are ways you can do this.
Contact Credit Bureaus
If your credit reports have debt that does not belong to you or is incorrect, you can dispute it through the credit bureau(s) and request it be validated or removed. You can file online, by mail, or over the phone.
|File a dispute Online
|Experian P.O. Box 9701 Allen, TX 75013
|File a dispute Online
|Equifax Information Services, LLC, P.O. Box 740256, Atlanta 30374
|File a dispute Online
|TransUnion Consumer Solutions, P.O. Box 2000, Chester, PA, 19016
Contact Bank/Institution/Debt Collector
Suppose you are requesting verification of debt, goodwill removal of debt, or trying to negotiate a pay-for-deletion of debt. In that case, you can contact the institution or debt collector that reported the serious delinquency to the credit bureau. It is typically advised that all communication is in writing, so you will want to mail your letter and request their response in writing.
Sometimes you can find contact information on your credit report, but otherwise, you may need to look at your bills or other mail from the institution or search for their information online.
What to Do if You Are Unsuccessful at Disputing Delinquencies
It can be a lengthy and time-consuming process to correctly dispute the debt in an attempt to clean up your credit report. If you are uncomfortable with the process, do not have the time to write letters or file disputes, or have been unsuccessful, it can be extremely frustrating. If you have not been able to remove serious delinquencies from your credit report on your own, you may be able to go through a credit repair agency, but it is imperative that you research them carefully to choose a reputable, experienced company.
This can still take time, and possibly more money, so it may not always be the most feasible option. However, if you need a simple and effective way to dispute serious delinquencies on your credit report, DoNotPay can help.
How to Dispute Delinquencies on Your Credit Report With DoNotPay
If you are intimidated by the dispute process, do not have the time, or have been unsuccessful thus far, you are probably frustrated and wondering if you will ever get your credit report cleaned up. If you need assistance to dispute delinquent accounts on your credit report, DoNotPay has a simple solution.
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 three 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 four 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, including Credit Limit Increase, Get My Credit Report, Keep Unused Cards Active, and more.
Why Should You Use DoNotPay to Dispute Delinquent Accounts?
DoNotPay has a history of being fast, easy and successful. We know your time is valuable, so we make sure you don't have to waste it by filling out online forms, making numerous phone calls, or trying to write effective negotiation letters. You only have to give us the important information, and we handle everything by making the best case to help repair your credit.
DoNotPay Can Help You Repair Your Credit in Many Ways
If you are trying to raise your credit score, you know that you need to repair your credit report. You also know that this can be tedious, time-consuming, and even frustrating. DoNotPay can help you or write credit dispute letters for any company, remove debt collections, remove credit inquiries, and clean up your credit report, which could help increase your credit score and improve your financial situation.
What Else Can DoNotPay Do for You?
Helping you dispute delinquencies and clean up your credit report is just one of the many things DoNotPay can do for you. For instance, we can:
- Help You Cancel Subscriptions/Services
- Write Financial Aid Appeal Letters for You
- Provide Help With Bills
If you have problems, questions, or concerns, DoNotPay is here to help.