The second debt validation letter / example is from Credit One Bank agreeing to stop collection on the alleged debt and
remove the derogatory marks from all three credit reports.
This includes fixing errors on your credit reports, negotiating with lenders to
remove derogatory marks from your credit report and contesting negative marks with the credit bureaus.
Not exact matches
Spend as much time as it takes trying to have
derogatory marks removed because they also weigh heavily on your overall score.
What credit repair is not is an easy way to
remove fairly earned
derogatory credit report
marks or a way to dispose of legitimate debts.
Credit reporting agencies need to report accurate information, if not, the
derogatory marks can be
removed from a person's credit report, but again this is not automatic, action needs to be taken in order to receive these potential benefits.
If you have reinstated your loan and making timely payments, ask your lender for a goodwill adjust to
remove the repo
derogatory marks and to report monthly payments.
Adam spent the money, he went to school, but due to the fraud, missing documentation, lack of evidence and documentation, Adam ended up paying practically nothing on this alleged debt and the
derogatory marks left on his credit will be
removed if any were reported in the first place.
If you have any late payments or
derogatory marks you'll now need to research how to get those
removed off your credit score.