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How To Remove Charge Offs From Your Credit Report
Sample credit letters for correcting your credit report, restoring a good credit rating

Good credit restoration is key to maximizing your financial opportunities in the future. At, you will find free credit repair tips and step-by-step advice on how to fix your credit score yourself.

Better credit is no big mystery. Anyone can do it. It's a simple, step-by-step process. First you find out what's wrong in your credit report. Second, you dispute the errors and outdated information. Third, you follow up and make sure the errors don't creep back in. The fourth and final step -- and maybe the biggest step -- is that you change your ways and put in place good credit habits in the future so you don't wind up with the same problems in the future.

Simple. Not always easy. But simple and straightforward.

And the information on how you can write a professional, credit repair letter to remove charge offs and other incorrect negative information from your credit history that is found here can lead you along the way.

Take a few seconds right now: Bookmark this page now so you can refer back to it often as you clean up your credit and improve your credit rating!

Find out how you can effectively settle your debts by writing your own debt settlement letters by yourself.... free info ... And you NEED to read over the articles on this free website BEFORE sending debt negotiation letters to your creditors... There's a wealth of free help there.

So let's get started!

How you can recover from bad credit
The Great Recession took its toll on Americans; but Hard Times also inspired many individuals to better manage their finances.

They did it mainly by cutting back on their spending, saving more money, and by tackling debt.

But one aspect of good personal financial management may be harder for many to manage: understanding their credit.

That could be because many of us don't fully grasp the mechanics of credit scores and credit reports. You may realize that having good credit can profoundly affect your financial health, but you may not be sure how to take control of your credit.

Fortunately, it's not too difficult to demystify credit management. A few simple steps can put you on track to take control of your credit for good.

Know where you stand

Your first step toward a healthier credit future is to get a clear perspective on where you are now. If you haven't looked at your credit report in a while, now is the time. Websites like allow you to obtain and review your credit report - a move that can empower you to make better financial decisions.

You'll get your free credit score as a reward for enrolling in Experian's credit monitoring product, a membership that can help keep you abreast of changes - both good and bad - in your credit report and score.

By monitoring your credit report and score on a regular basis, you'll be better equipped to make financial decisions, and will be more aware of your ability to use credit. Get educated on what's on a credit report and how credit bureaus use that information to calculate your credit score.

Generally, credit reports include detailed information of an individual's payment history with various creditors. Among other factors, bureaus consider three key things when calculating your score - the length of time you've had credit, the ratio of available credit to credit used, and if you pay your bills on time.

Manage your debt

At a time when debt is high in many American households, it may be difficult to remember that not all debt is bad. Debt that is secured by a tangible asset, such as a home loan, or that builds your family's future, like a college loan, can be good debt as long as you manage it wisely. When looking for a mortgage or college loan, start out by knowing your credit score, then shop around for the best rate and terms. And be sure to avoid borrowing more than you can comfortably repay.

Pay down credit card debt, which is generally perceived as higher-risk - and higher interest - debt. Avoid using credit cards to pay for things that you should be paying cash for, such as groceries, utilities, restaurant meals or vacations. If you use credit for these things, which rapidly get consumed, and you can't pay off your bill in full right away, you could wind up in debt very quickly.

If you already have credit card debt, never pay just the minimum balance due each month; it would take years to pay off just a few thousand dollars at that rate and you'll pay much more in interest than the amount you originally borrowed. Always pay more than the minimum, and concentrate on paying off cards or loans with the highest interest rate first.

One exception to the pay-it-off quick rule may be your mortgage. If you're able to make your monthly mortgage payments without struggling, concentrate on paying off other, higher interest, unsecured debt first. The interest you pay on your mortgage may be tax deductible, but the interest you pay on credit cards is definitely not. If your mortgage's interest rate is high, look into refinancing to lower the rate.

(Article courtesy of

5 Simple Steps to Remove Charge Offs From Your Credit Report

By Expert Author Steven Parsons

1. Be aggressive in repairing your own credit.

Credit repair is not going to just happen. Bad credit is not something you can ignore, hoping that it will work itself out. Things like credit card charge offs, accounts that went to collections, and late payments will stay on your credit report for 7 years. But once bills have been paid off it is much easier to have them removed. The easiest way to remove a charge off is to send the credit bureau a challenge letter, also called a dispute letter.

2. Dispute the items you want removed.

The Fair Credit Reporting Act gives you the right to dispute any negative items on your credit report. This means you can challenge repossessions, charge offs, collections accounts, bankruptcies, foreclosures, judgments, tax liens, and anything else you disagree with. The thing to keep in mind is that the law says you are allowed to dispute anything, so go for the charge offs for sure.

3. How to dispute items on your credit report.

First contact the credit bureaus and request a free copy of your credit report. You are entitled to one free report each year from each bureau. So as long as you have not already requested one this year, you can get a free one. Send each bureau that lists the negative item a letter telling them to remove the specific item you want removed, and why. Make a photo copy of the credit report and circle each of the items you are disputing. Put a number next to each circle, that number should correspond to a number on your letter. This makes it fool proof for the bureaus to figure out which item you are talking about in your letter.

4. The investigation process

There is nothing for you to do now but sit back, relax, and wait. The credit bureaus have 30 days to investigate the items you dispute. That time starts when they receive the letter. They will contact the original creditor notifying them of your dispute and asking them if they agree or disagree with you. From there the credit bureau must provide proof through documentation that the entries are valid. If the entries can not be validated within 30 days from the time they receive the letter, it must be removed from your credit report.

5. Following up

It is critical that you follow up with the credit bureaus. A trend that is starting to emerge with them is they simply don't remove items that have not been validated, or sometimes they don't even conduct an investigation. So if you don't get a letter within a couple weeks after the investigation should have been complete, make a call to them and find out what happened. Whatever they say, ask them to send a letter for your records.

So lets recap what you need to do. First, get a copy of your credit report. Second, review your credit report and make note of any items on the report that you want removed. Third, write your dispute letter then circle and number each item on the report that you are disputing. Fourth, sit back and wait for the investigation to be completed. Fifth, follow up if you have not received an answer within 6 weeks.

Follow these simple steps and you will be well on your way to easy credit repair. To make things even more simple, order a set of proven credit repair letters from an expert. The reason you should do that is their letters have been proven to work, because they have used them successfully to dispute items for their clients. A well written dispute letter will practically guarantee success.

Steven Parsons has been teaching people how to repair their credit for 13 years. Let Steven show you how to increase your credit score 113 points in 30 days, so you can get approved for that car, home or credit card, or loan you need. Go to to find out how.

Article Source: Steven Parsons

Borrowers now paying credit cards on time, but falling behind on mortgage payments

While more Americans are paying their credit card bills on time, a growing number are paying their mortgages 60 or more days late, according to research by Experian.
Reasons include: stubbornly high unemployment, stagnant wages, and a gnawing fear that missing credit card payments will hurt consumer's credit scores more than late pays on their home mortgage.
Nationally, the number of credit card payments that are 60 days or more overdue declined by 20 percent, the study found. In contrast, 25 percent more consumers are paying their mortgages 60 days late.

In 30 of the nation's largest metropolitan areas, the percentage of late credit card payments decreased significantly, with Cleveland, Ohio showing the most improvement, Experian reports.
Mortgage payment rates, however, did not fare as well in many metropolitan areas across the country. The percentage of missed mortgage payments (considered to be payments 60 or more days overdue), rose dramatically in 26 regions in the study, and improved in just four.

Portland, Oregon, fared the worst, with nearly a 100 percent increase in the number of missed mortgage payments. Phoenix (78.4 percent), Baltimore (66.8 percent), Seattle (65.1 percent) and New York (49.4 percent) rounded out the list of the five cities with the highest increase in missed payments. At the other end of the spectrum, the number of late mortgage payments actually declined in Cleveland, Minneapolis, Denver and Detroit.

"In looking at the numbers, we're seeing that even in the cities at the bottom of the list, consumers are meeting their bankcard payment obligations better than before the recession," says Michele Raneri, vice president of analytics, Experian. "While the Experian data shows an overall improvement to these 60-day delinquencies, as much as a 30 percent improvement is seen in the key Texas cities, which is a positive sign in what has been a slow economic recovery."  

While the trend is positive on the bankcard side, the mortgage side is continuing to suffer in most of the markets. Delinquent payments and collections can have a major negative impact on a credit score and a consumer's ability to obtain credit.  

Experian offers these tips for consumers to consider regarding payment behavior:

* Make sure your payments are current, and do not let them be late again. The longer your history of on-time payments, the less impact the delinquencies will have on your creditworthiness.

* If you miss a payment on an individual account, that payment may impact your ability to open joint accounts because both credit histories will be considered.

For additional information on managing your credit, you can visit
For more free tips on how to restore good credit, read "How To Restore Good Credit" at (Article courtesy of

You can find more information on restoring good credit here...

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