Collection accounts affect one’s credit score, which is unpleasant and stressful. Fortunately, one can get rid of them as shown in the video. Below are some tips one can use to remove collection accounts from credit check software and your credit score without following the traditional way of sending letters.
Send a Dispute
With the numerous fraudsters today, it is crucial to confirm that the companies requesting payment are registered legally. Also, do a follow-up to ensure the collection is not an error.
If the collection is an error, disputing the account is necessary.
Negotiate Deletion upon Payment
Payment for deletion is an agreement that one makes with the collection agency to get the account deleted. It might work for some agencies and not work for others. It is crucial to get the agreement in writing. It avoids future problems.
Request a Goodwill Deletion
If one indeed owes money to a company or individual, one can request the collection agency and the company or individual-owned money for the collection deletion. The agency and creditor can ask the credit bureau to delete the collection account once there’s an agreement.
Final Words
Having a clean credit report is advantageous in many ways. Some advantages include accessing quick loans, getting credit cards, and getting higher loans. Hence, having no collection on your credit report is essential.
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