Unless you are a false or misleading statements on the report, there is no way to “fix”, except to rebuild your credit. The good news is that it does not take longer than before. If you like the payment in good condition for one year, you’ll go back into the good graces of creditors. There are a lot of competition out there for loans, and is not (ahem) “interest” to stop you from getting credit.

However, do not expect a plateau of 700 gold range of at least three years after a collection or + 90 days later.

If you’ve seen your credit report, and there are rumors that you are simply wrong, then you need to act. NOW. You may dispute the validity of each item with a reporting agency (Experian, Trans Union and Equifax). Unfortunately, I have experience with this, because I had a dentist accidentally turned me into a collection agency (they are employees not covered by the payment recoverable, so the software automatically sicked collector in me). It’s a nightmare to clean up the mistakes, and if it really was a mistake, the best place to start is with a company that initially reported the negative information. In my case, I can call the dentist office and ask them to cancel the attack dogs, but it took two months to remove the information from all three bureaus to get. I was lucky that dentists recognize the error and helps to eliminate the error. If the creditor is not willing to admit mistakes, can be a nightmare.

FYI – no less than to be proactive in clearing your name. File a challenge with the reporting agency, contact the relevant supplier. If there is no response within 30 days, remove the negative information, because this is the law.

Good luck, because this is a task not wish on anyone.

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