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inekie.collier

Joined: 16 Sep 2009
inekiecollier's page
Posts: 1

28 Magic Points

Subject: clean credit

Wed Sep 16, 2009 4:48 pm

how can I clean up my credit....I just recenlty involuntary gave my car back to the bank

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Thu Sep 17, 2009 6:28 am

Hi inekie.collier,

Cleaning up your credit report is important, since it is the measure of your creditworthiness. To be able to do this, you need copies of credit reports from the 3 credit bureaus – Experian, Equifax and TransUnion. You will get the contact information of each of the bureau from their web site. After getting hold of the credit reports, you have to check out if there is any inaccurate information or negative items listed in your report. In your case I believe the repossession of the car will be listed as a negative item in your credit report.

Normally, any negative item reported stays in the report for 7 years. However, persistent effort on your part might get it removed. You call can call the creditor and ask them to remove it on a goodwill basis. You can also write a pay for delete letter to the creditor stating that you are interested to pay the debt if they agree to remove the negative listing from the credit report. You can check a sample pay for delete letter here: http://www.creditmagic.org/repair/pay-for-delete.html
_________________
All the Best Smile

Justin

andybell

Joined: 11 Aug 2009
andybell's page
Posts: 19
Location: Laguna Hills

249 Magic Points

Thu Sep 17, 2009 6:34 am

Hello Justin, thanks for highlighting the importance of cleaning up the credit report so as to maintain your credit worthiness.

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Thu Sep 17, 2009 6:51 am

Hi andybell,

You are most welcome Smile

. I will be glad if this is of any help to you too.
_________________
All the Best Smile

Justin

Guest

Thu Sep 17, 2009 7:35 am

Hey inekie.collier,

You have a negative item listed on your credit report in the form of repossession. I agree with Justin that any negative item stays on for 7 years on your credit report. However, you can write a goodwill letter to remove negative listing to the creditor. In a goodwill letter you can request the creditor to remove the negative listing as a gesture of goodwill. You can also explain that the negative item is creating a hindrance for you to get credit or loan.

Keep posting!!!
deborah_richards

carol

Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California

29555 Magic Points

Thu Sep 17, 2009 12:20 pm

Hi inekie.collier

I found you a thread from where you could take up some advice if it fits your situation in any case.

http://www.creditmagic.org/repair/about7757.html
_________________
Keep in touch
Carol

andybell

Joined: 11 Aug 2009
andybell's page
Posts: 19
Location: Laguna Hills

249 Magic Points

Mon Sep 21, 2009 4:53 am

I am not sure about the negative items that you are talking about. Could you please list a few just to explain the concept little bit.
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