credit report

Here’s How To Remove Something From Your Credit Report

Jonathan Soriano

Jonathan Soriano

Total Posts: 31

Published Date: May 25, 2021

As a Content Manager at Champion Cash Title Loans, Jonathan Soriano is responsible for creating, managing, and distributing engaging and informative content across various platforms. He develops content marketing strategies...

Having negative items on your credit report can keep you from getting credit for up to 7 years. As such, it is prudent to get rid of any items that may tarnish your credit score. If you hope to get a car title loan, insurance, mortgage, or even secure a new job, it’s in your best interest to have a good credit score. Below are pointers on how to clean your credit report.

The Federal Trade Commission mandates that “no one can legally remove accurate and timely negative information from a credit report.” 

Even so, suppose there is an item in your report that is questionable or portrays a false representation; it is within your right to file a dispute. Furthermore, you can put forward a request for an investigation of the wrong entry.

Reviewing Your Credit Report

The first thing you need to do after picking up a free copy of your credit report is to review it. Keenly go through the numbers to pinpoint the items that are hurting your credit ratings.

The review process is vital. Through it, you’ll be able to determine any negative items and errors in your credit report that should either be removed or rectified. Examine the account information keenly and note down any discrepancies.

It is wise to ensure that the items you dispute hurt your credit score. It would be unfortunate if you removed an item that positively affected your credit rating.

Submitting Dispute Letters To The Credit Report Bureaus

After you’ve identified any errors in your report, the best course of action would be to write a letter of dispute. The federal law, the Fair Credit Reporting Act (FCRA), mandates that creditors report accurate information about each account on the credit report.

Suppose creditors fail to support their entries with proper documentation in the event of a dispute. There are different ways of disputing credit reports. You can either do so online, by mail or via phone. However, several reasons make snail mail the most effective way.

Upon submitting your report to the credit bureau, it has 30 days to investigate and respond to your complaints. Nonetheless, there are instances when you may receive a letter from the creditor requesting that you provide them with additional information to help them investigate the claim.

Most often than not, creditors use these letters to stall the dispute resolution process. You, however, are under no obligation to respond to these letters.

Steps To Take

Dispute letters are usually effective in solving credit report disputes. However, there are times when creditors or credit bureaus fail to corporate. Do not fret. You still have other viable options to have the issues removed.

Request For A Pay For Delete Arrangement

Suppose you have unpaid collections or charge-offs. You can come into an agreement with the creditors to settle the debt in exchange for deletion from your credit report. You can even negotiate to pay off a lesser amount than the one you owed. There are collection agencies that agree to a settlement that is far lower than the amount owed.

However, before reaching a deal with a collection agency, make sure that you choose the right one. There are instances when debts move from one agency to another. In such a scenario, it would be better to have them deleted by filing a dispute. That is because filing the dispute will force the agency to prove that the debt is yours.

When entering a deal with a collection agency, ensure that the agreement is written and wait for their approval. Don’t give the collection agency your bank information. You should submit a paper check. The chances are that they may counter your offer.

Don’t be in haste to reach an agreement. Keep negotiating until you come to a favorable deal. Upon reaching an acceptable figure to both parties, you’ll pay the balance. You must have the agreement in writing so that you’ll have proof of breach of the contract if the negative item stays on your report.

Draft A Goodwill Letter

A letter of goodwill can also suffice as a tool for removing late payments from your credit report. Goodwill letters are effective in scenarios where you were behind submitting payments. Suppose your account is already on the collection; the right move would be to negotiate a pay-for-delete arrangement.

The purpose of the goodwill letter is to request that a creditor removes the late payment from your credit report. These letters do not usually guarantee that the creditor will remove the negative item. Even so, there is no harm in trying. Moreover, these letters allow you to plead your case.

Exercise honesty when drafting these letters. If your financial misfortunes result from a medical condition or job loss, be sure to add that information in your letter of goodwill. Don’t shy away from including reasons for the late payment. Such as problems with the loan payment system.

No matter the reason for your late payment, try to be as clear and concise as possible. Your letter of goodwill should show that the entry in the report does not portray your true personality.

Exercise Persistence

While credit is usually easily accessible, it may cause you headaches, especially when debts start piling up and you don’t have a way of settling them.

Never expect to miraculously come out of your debt overnight, especially if you have accumulated a lot of it over the years. You have to be willing to go the extra mile to improve your credit score. It is not a guarantee that your credit situation will improve quickly, but you mustn’t give up when things don’t go your way.

Consider Hiring A Credit Report Professional

After trying all the avenues to rectify your credit report, and you still haven’t made any progress, seeking the services of a professional would be a viable option to take. You can also go this road if you are tied such that you can’t keep up with the back and forth correspondence from credit bureaus and creditors. Go for a trusted credit repair company with experience and a proven track record in the field.

While it’s possible to eliminate negative items from your credit report, you must be willing to exercise patience and have the zeal to try out every avenue to accomplish this feat.


© 2025 Champion Financial Services DBA. Champion Cash Loans


DISCLOSURES FOR CFS VEHICLE SECURED TITLE & PERSONAL LOANS

California: All loans are made or arranged pursuant to a California Finance Lenders Law License Number: 60DBO-35846.

Arizona: Loans made pursuant to Arizona Department of Financial Institutions Sales Finance Company License SF-1005405.

  1. Upon completion of the call, conditional approval may be given pending the review of documentation.
  2. Loan approval is subject to meeting credit criteria standards, which may include providing acceptable property as collateral and demonstrating the ability to repay the loan.
  3. Funding time may vary depending on the time of final approval following the reception and review of all required documents and signing. Same-day funding is subject to final approval and signing completion before 3 PM PT on a business day. A bank account is required as a condition in order to obtain a Personal Loan. Loan proceeds may need to be disbursed via Automatic Clearing House (“ACH”) to the borrower’s bank account. The actual availability of funds can vary based on bank processing times, daily ACH deadlines, weekends, and holidays.
  4. The actual loan amount, term, and annual percentage rate the applicant qualifies for may vary by applicant, lender, and the law requirements of those terms.
  5. The states this site services may change without notice. This service does not constitute an offer or solicitation for consumers in all states. This service may not be available in your particular state.

Our loans can be up to $50,000 depending on certain factors.

THIS LOAN (Auto-Title or Personal Loan) IS NOT INTENDED TO MEET LONG-TERM FINANCIAL NEEDS. Loan proceeds are intended primarily for personal, family, and household purposes. Lenders recommend and encourage consumers to pay early, often, and more in order to avoid additional finance charges.

Loan approval is subject to meeting the lender’s credit criteria, which may include providing acceptable property as collateral. The applicant must demonstrate the ability to repay the loan. Loan proceeds are intended primarily for personal, family, and household purposes. Minimum loan amounts vary by state.

Loans with an Annual Interest Rate of 36% are limited to loan amounts between $2,500 to $9,999.00, while supplies last.

CFS Investments is licensed or registered as a finance lender as required by applicable state law and does not offer or service student loans. CFS Investments does not provide financial advice and does not guarantee the accuracy of information as it is subject to change without notice about its current product guidelines.

CFS Investments may act as the broker for the loan and may not be the direct lender or servicer of your loan. All loan applications are subject to meeting underwriting and credit criteria, which includes providing acceptable property as collateral. A bank account is required as a condition in order to obtain a loan. Inquiring about a loan and its minimum requirements does not impact your credit score; however, completing a full application may affect your credit score.

CFS Investments DBA Champion Financial Services, Turbo Loan, and Auto Equity Now. The terms and conditions set forth within the “General Terms and Conditions,” up to and including but not limited to the “Wireless Policy,” apply to all CFS Investments owned or operated websites in the aforementioned DBAs.

Important Information Concerning Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. We will make a copy of these identifying documents for our records.