Delete bad credit – insider’s guide
October 10, 2009 // Posted by: Insider // Category: Credit Scores, Finance
The credit report that you receive from your any of the credit bureaus may be wrong and that is a fact.
The credit bureaus never provide the correct credit score to either the lender. They provide either wrong or low scores. They know that if they provide lower score to the lender they can never sue the credit bureau if the borrower doesn’t pay back the loan.
It is written that the bad credit will be reflected for 7 years but remember that can be removed from your credit report.
You can write a dispute letter to dispute negative items from your credit report. The bureaus will use stall tactics by asking for more information. If you dispute, the credit bureau has to face monetary and time loss so they try to discourage people from disputing.
Remember your FICO scores are more reliable and most of the financial institutions use FICO scores. Therefore keep the FICO score high and delete any negative items that are shown there to have a good credit score.