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How to Remove Bad Credit from My Credit Report?

Your credit report is not a matter of destiny carved in stone. It is a complete myth that once you have bad credit you will always have bad credit and all the attendant consequence — high interest rates and no chance of getting a loan for anything ever again. It’s also a common misconception that seven to ten years must pass before a negative item disappears from your credit report. You can take control of your credit reputation once you understand how to remove bad credit from credit reports — and it just takes a matter of weeks. There’s nothing difficult about the process; so prepare to get proactive with your own financial status.

First, understand that by law in the United States you are entitled to one free copy of your credit report per year per credit bureau (Equifax, Experian, TransUnion.) The fastest way to get started is just to go over to AnnualCreditReport.com. When you are turned down for credit:

Go over everything on your reports and find the “bad” items. Steel yourself. It’s time to get in there and dispute the problems. This is not a process for the bashful or the faint of heart. You have to stand up for yourself to get bad items removed from your report. That means calling the bureau, talking to someone about your report, and negotiating. It also means taking the initiative to round up any necessary paper work to validate your claims.

Understand from the beginning that there are things the credit bureaus don’t share with you that put a great deal of power in your hands, including:

The truth is that many people suffer from bad credit because they’ve never reviewed their credit report, cleaned up the errors, or disputed old items that are likely to be easily removed. Whether for lack of information or lack of energy, the most common stance people take is to simply accept their credit report without question. That’s a costly strategy and one that puts an unnecessary burden on millions of consumers every year. In 90 percent of cases, you do not need a lawyer or the assistance of a professional credit repair agency to remove bad credit from your report, you just need some personal initiative.