How Long Does It Take to Remove a Bad Item from a Credit Report?

Disputing a bad item on your credit report can be very gratifying since you know it will eventually be removed. However, the question is: how long will it take? You probably have already been briefed that if you want a legitimate debt to be removed, it can take 7-10 years depending on what that debt is. Removing a bad debt is a little bit different.

What is Considered a Bad Debt On a Credit Report?

A bad debt is an item that you find on your credit report that offers incorrect information. For instance, if you find that you have an item on your report that you never were associated with, this is a bad debt. Though you never actually charged this bad debt, your credit score is being negatively affected by it. So your job is to make sure that it’s removed so that your score can return to an accurate state.

How Can You Remove It?

Once you’ve found your bad debt, your job is to contact the relevant credit bureau(s) to make sure that the item is removed. This requires that you send a written request with your full name and address, as well as the item you would like to have removed, and proof that the item shouldn’t be there, to the bureau. Once they receive the request, they will conduct an investigation to determine the validity of your dispute.

When Will It Be Removed?

If the credit bureau determines that the item should be removed, it normally will take between 30 and 60 days to have it all resolved. However, it could take longer.

Typically, credit bureaus will not act on removing items on their own. Very often, you have to do the legwork to get it done yourself. So be prepared to check your report from time to time to make sure it’s accurate.

Being aware of the status of your credit report is important, especially if you are planning to finance big ticket items, such as a car or a house. So it is important to monitor your credit report, because having even one bad item on your credit report can really hurt your credit score; and may hurt your chances of getting a good low interest rate on your loans. To keep this from happening to you, you should use a identity protection monitoring service. With identity protection monitoring services you can always monitoring how your credit report is doing and keep your credit report from having any errors that will hurt you.