How To Remove A Collection Account In 34 Days

By Author: Courtney Dawson
Total Articles: 39
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It is vital to have an accurate credit report, because a slight mistake can result in you paying higher interest and incompetency to perform certain jobs. There are certain ways that will help you in removing a collection account in 34 days. Let’s read how.

It is absolutely vital for everyone to know what is on their credit report. You can easily get a free credit report online from all three of the credit ranking agencies. Every single consumer is allowed to get a free report from each of the agencies every year. This way, you can make sure that everything that is on your credit report is accurate. Once you have your report you can check it closely and if you have any collections accounts, you can have them removed in as little as 34 days.

Accuracy is key, because if there is something false on your report it can affect you for years. You may be turned down for some jobs because of a poor score, you may have to pay incredibly high interest rates on certain things, and you may even be turned down for loans because of a bad credit rating. Once you get your reports, check them over carefully to make absolutely ...
... certain that everything is correct. If you find something that is wrong, it is necessary to dispute these false entries on your credit report. False entries can be disputed by drafting a letter to the creditor detailing the error. To begin, draft a letter to the creditor detailing the error. Explain exactly what the problem is and that they need to fix it as soon as possible. Send the letter certified and request a return receipt so that you know they have received your correspondence. Once the creditor has received your credit dispute, they have one month to respond with proof of your debt. If they fail to do so, then the items must be removed according to the Fair Credit Reporting Act. If they do not respond and do not remove the debt, you have the right to hire a lawyer and seek legal action against the creditor. If the entries on your credit report include a collection account that is a true entry, you can clear this up quickly and easily.

To remove a collection account quickly, pay off the debt in question by contacting the collections agency. If you cannot pay the balance in full, set-up a payment plan to begin paying the debt off. This will make big improvements on your credit report quickly. You can also explain to them your circumstances and request that they remove the account from your credit report. This will show up within 34 days.

Knowing your rights and fighting to keep your credit report clean are important for your financial future and can mean the difference between sky high interest rates and low interest rates. Pay off your collection accounts in full or set-up payment plans to get the account off of your report.

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