Credit repair, remove negative items.
Can it be done? You've probably come across ads promising to clean up your credit file, lower your payments, removing bad information, and/or help you open a brand new file.
Can it be done? As you probably know, there are three major credit reporting agencies in the US.
By simple math, this makes it three times as hard to remove negative items.
Even if it were possible for one to break into one bureau's computer, you would still have two to go.
And, the cost for such a "service" would cost several times the already exorbitant fees that credit repair clinics charge, not to mention, the risk of spending a very long time behind bars.
Secondly, even if you somehow succeeded in removing negative items from one credit bureau's report, creditors could still re-report them and you're back to square one.
To cut a long story short, no one - except two parties - can remove negative information from your credit file.
But don't give up, there is hope.
Yes, you credit restoration and removal of negative information can be done.
But it doesn't take a day.
And it's not a walk in the park either.
It takes time and effort.
You see, there are two parties (three if you count collectors), that can legally remove negative information from your credit file: The creditors (furnishers) and the credit reporting bureaus.
Once a debt has gone to collections, the respective can collector can also remove a negative item that it has reported.
Now, there are two forms of negative credit information, (1) accurate and (2) inaccurate information.
Needless to say, the latter is the hardest to get removed.
But it can be done.
The same tricks and strategies that credit repair clinics charge hefty (and sometimes recurring) fees for you can apply yourself with equal or better results.
Why pay when you can do it yourself for free? In fact, most credit experts agree that the best repair is self credit repair.
And it costs you nothing but your own time and effort.
It involves learning the right strategies for negotiation, using the existing credit laws to your advantage and yes, some guts.
Once more, the best credit repair is self credit repair.
Remove negative items tricks and strategies do exist.
Unfortunately they are beyond the scope of this one article.