Another couple of matters that we’ve successfully resolved in the last couple weeks demonstrate how we are sometimes able to improve a client’s credit record by getting negative items removed.
In one case, the creditor agreed to accept payment of the debt in exchange for removing the negative item from the client’s credit record. This is a practice referred to as “payment for deletion.” Creditors aren’t always open to doing this, but there is often no harm in asking.
In another case, the creditor was improperly reporting a debt on a client’s credit record even though the alleged debt was over seven years old (Section 605 of the Fair Credit Reporting Act generally prohibits reporting debts over seven years old). The creditor was able to do this by using a false date when reporting to the credit bureaus. Our client had disputed the false date with the credit bureaus without success. We sent the creditor a rather stern letter advising that our next step would be litigation. They quickly complied, rather than face a lawsuit for violating the FCRA.
The important thing is that in both cases we were able to help clean up the clients’ credit records, even though the underlying debts may have been legitimate at some point. So just because you may have some negatives on your record don’t necessarily assume that there’s nothing that can be done about it. Find out how we may be able to assist you with your own credit record by giving us a call and talking to one of our attorneys.