What is the name of your state (only U.S. law)? TX.... Doea anyone know if I can get some help with clearing up my credit report? I'm a single mom of 3 kids and my hours were reduced at work 9 months ago and now that work is picking up I can get my 40-45 hours back. I would like to see what is the best way that I can get my credit report fixed.
-
FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
By continuing to use this site, you are consenting to our Terms of Service and use of cookies.
Erase bad debts
- Thread starter RR1010
- Start date
Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills Please click a topic or scroll down for more.
Pay what you owe.
For debts that are yours, pay them off as soon as possible. That changes report items from (long?) past due, to "paid in full" or "settled" or whatever.
For debts that are not yours, dispute the debts both through the credit reporting agency as well as the current creditor.
For debts that have the wrong amount, first consider that if someone owed you money, you'd want interest on that debt, since that money would have benefited you if it were in your hands for that time. Credit is about earning interest, and unpaid debts are as much a credit as any other, but with high risk and high interest. Adding interest and collection costs to debts is very normal and can bring the amount up rather fast. Amounts could easily double in 3 years.
For debts that are not yours, dispute the debts both through the credit reporting agency as well as the current creditor.
For debts that have the wrong amount, first consider that if someone owed you money, you'd want interest on that debt, since that money would have benefited you if it were in your hands for that time. Credit is about earning interest, and unpaid debts are as much a credit as any other, but with high risk and high interest. Adding interest and collection costs to debts is very normal and can bring the amount up rather fast. Amounts could easily double in 3 years.
justalayman
Senior Member
You don't fix what isn't broken and although you do not want the negative reports on your credit report, there is nothing broken because they are there. In fact, them being there shows things are working correctly.
the only way to erase something on your credit report is to get a hard copy of it and then use an eraser to remove what you don't like.
applecruncher
Senior Member
This is irrelevant.
If there are mistakes on your credit report, file a dispute.
Otherwise work with creditors and pay what you owe.
Last edited: