5 Dings You Can Remove From Your Credit Reports

Find out what you can subtract to help your credit.

 

If you’ve looked at your credit report lately, you might see any number of various items that are harmful to your credit score. Of course, it’s common knowledge that errors can be removed from your credit report. This takes time and effort, but if the information is incorrect, you can have the item removed without too much resistance — which is what CreditRepair.com specializes in.

However, there are a number of items you might not have imagined that can harm your credit. Luckily, you can have these items removed from your credit report as well.

>>VIDEO: 5 Quick Ways to Raise Your Credit Score

1. Authorized Users

Couples will sometimes share accounts for spending in long-term relationships. Your significant other might have also added you as an authorized user on a credit card. After a breakup or divorce, there’s no reason to be an authorized user on your ex’s accounts. You can request that the lenders remove you, and the accounts will be deleted from your credit history. The process could take a few months, as the lenders remove you and then report the changes to the credit bureaus.

Read: Bad Credit? Getting Married Can Fix That

2. Any Negative Accounts Over 7 Years

According to the Fair Credit Reporting Act, negative or past-due accounts can only stay on your credit report for seven years from the time they went delinquent. If you see anything older than seven years, you can have this removed from your credit report.

3. Court Judgments

If you’ve been involved in a civil suit for nonpayment of debt, and that lawsuit has resulted in a judgment, you can have that item removed from your credit report as well. Unlike many credit report items, judgments can be removed well before the seven-year time frame has passed. Satisfied (resolved) or vacated (invalidated) judgments can be removed from your credit reports.

Related: How to Read Your Credit Reports

4. Collection Accounts

Even accounts or debts that have gone into collections can be removed. This is because collection agencies often don’t have the proper documentation or authorization to collect on your debt. When you are contacted by collections, you can request they prove you owe the amount they claim. If they can’t do so, there is no basis for that collections account to be on your report, and you can request that the credit bureaus remove it.

5. Hard Inquiries

Hard inquiries are initiated by new creditors when you apply credit. For instance, a credit card or auto loan application with a company you have never worked with will initiate a hard inquiry. These inquiries affect your credit. You can have any hard inquiries that you did not authorize removed from your credit report. One thing to remember: A single application for credit can spark multiple hard inquiries. So be careful to verify that a hard inquiry is incorrect before you begin the dispute process.

Photo credit: HonestReporting

  • ShelleyS

    What kind of verification would be required on hard inquiries? Is an unauthorized inquiry a sign of identity theft?

  • I have definitely heard of people who dispute collections just to have them removed. They know they owe, but they count on the collection agency not providing the documentation in a timely manner. Not necessarily the most ethical thing to do in my book, but I guess it works.

  • Great blog post.Thanks For sharing with us….