How to Remove Charged Off Accounts From Your Credit Report With Credit Dispute Letters

Using Credit Dispute Letters For a Better Credit Score

Charged off accounts on your credit report are one of the worst things you can have. Even just one of these types of marks can drop your credit score 100 points or more in one day. As bad as they are there are ways to remove charge offs from your profile that are quite easy to do.

Before you start the process you will need a copy of your credit report in order to see what accounts are listed as charge offs and also the account number and the name of the creditor for that particular account.

Next draft up a series of credit dispute letters stating the name and number of the account and that you disagree with the information. Send these letters to the credit bureaus who are reporting this negative account.

The credit agencies will then have to make contact with the original creditor and ask them to provide proof that the information is accurate.

If the original creditor cannot or does not supply the proof the bureaus are asking for then the account must be removed from your report.

In about 30-45 days you will receive a letter in the mail letting you now if the account was removed or if it was validated and will remain on your account.

If it is removed it can never be listed back onto your report by the original creditor. But if it is sold off to a collection agency they can place it on your report and you will have to re do the process.

Tips For Doing Self Credit Repair The Right Way

The process of Self Credit Repair is a fairly straight forward and simple process if you have the right plan to follow. However If you go into it unprepared you run the risk of failing or damaging your credit further. To avoid hurting your credit you should get a proven credit repair guide like the ones reviewed at http://www.creditfix123.info that offer proven methods to help you get back on track.