Can You Delete Bad Credit?
Delete Bad Credit Through Lexington Law
Is it possible to delete bad credit? There are a lot of rumors and myths everywhere about this, but removing negative information from credit reports is not only possible but is done thousands of times each and every day.
Here is a true story about an attorney from Lexington Law who visited with a regulatory agency for a casual conversation with two agents who believed you could not delete bad credit.
The visiting Lexington attorney asked them, "How many negative listings would you have to see deleted from consumer credit reports before you would believe that you can delete bad credit listings: ten? fifty? a hundred? one thousand?" The agents responded with only blank stares.
"How about 50,000 deleted bad credit listings, would that convince you?" continued the Lexington attorney. He pulled a stack of papers six inches high from his briefcase.
"In these pages, we have listed the permanent deletion of over 50,000 listings from our clients' files in the last two years alone," he explained. The agents pulled the stack across the conference table and began to pick through the pages, in the massive list.
"But have you deleted any bankruptcies?" shot back one of the agents, "we know that bankruptcies can't be deleted." The Lexington attorney leaned across the table and ran his finger down the first page.
"There's one deleted bankruptcy... and, there's another,... and another,... and another. Should I go on?" asked the Lexington attorney.
The agents sat back in their chairs realizing the credit reporting bureaus want people to believe this lie. They make it so hard to work with them that many just give up.
How is it possible to delete bad credit?
The Fair Credit Reporting Act (FCRA) allows a consumer to challenge the information on his credit report on the basis of "completeness and accuracy."
When a consumer files a dispute, the credit bureaus must contact the source of the credit information (the creditor) and confirm that the information is accurate, verifiable, and not obsolete.
In some circumstances, the credit bureau is required to go beyond a simple verification of the creditor's own computer record. If, within 30 days, the credit bureau has not received verification from the creditor, then the credit bureau must promptly delete the credit listing.
So long as consumers can be managed through skilled deception, credit bureaus will continue to profit at your expense. Changes will only occur when you reject these untruths and finally do something about it.
Lexington Law specializes in legal credit repair and knows the easiest way to do it. When you consider what bad credit is costing you, how can you afford not to delete bad credit from your credit report?
Delete Bad Credit Through Lexington Law
