Tham khảo tài liệu 'handbook financing secrets of a millionaire real estate investor_3', tài chính - ngân hàng, tài chính doanh nghiệp phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 4 Working with Lenders 53 How do I get negative information removed from my credit report You may find some information on your report that is just plain wrong. Accounts that are not yours judgments against people with similar names and duplicate items are very common. Some items are more subtle such as the fact that a debt is listed as still unpaid when in fact is was discharged in your bankruptcy. Ask the credit bureau in writing to reinvestigate the information. Under federal law the bureau must reinvestigate and report back within 30 days. In some states the law requires a shorter time period. If the bureau does not report back within the requisite time period the item must be removed. Communicating with Credit Bureaus Send your letter by certified mail return receipt requested. If you do not get results within the time period specified by your state law or the FCRA you can write a sterner letter threatening to sue under state or federal law. You can also try to contact the creditor directly. Keep in mind that a creditor may also be liable for reporting wrong information. Before jumping into court try contacting your regional Federal Trade Commission office and your state Attorney General s Consumer Fraud Department. If you have bad items on your credit report such as late payments charge-offs judgments or a bankruptcy the credit bureaus can legally report this information. However if the information is stated in an incorrect or misleading format you can still ask the bureaus to reinvestigate the information. Sometimes you will get lucky and the bureau does not report back within the required time period. In this event the information must be removed. 54 FINANCING SECRETS OF A MILLIONAIRE REAL ESTATE INVESTOR Disputing Items on Your Credit Report Do not be too specific with your request. For example if a bureau reports that you had a judgment against you and it was paid do not volunteer that information a record of a judgment rendered and paid off is still .
