Learn How To Delete ANY Questionable Charge Off from Your Credit Report!

“I had collections and charge offs on my credit reports and was denied a mortgage. As a first-time home buyer, I was desperate for a solution. Here’s how I erased the negative credit including the credit card charge offs and got into a new home.”

Credit Report Charge Offs Destroy Your Credit Score

A charge off on your credit report is one of the worst derogatory types of information you can have. Most lenders will deny you for new credit when they see you have charge offs. They see a charge off as a sign of irresponsible behavior.

Perhaps worse than being denied credit is being denied a new job because of charge offs and bad credit. Up to 60% of employers now perform credit checks before hiring a new employee. Employers look at your credit and make judgments about your character and honesty.

Even though there is usually a good explanation for having a charge off on your credit, e.g. mistake, divorce or illness, this doesn’t stop employers from making bad assumptions about you.

Some employers even believe that people with charge offs have a drug problem!

How Long Does a Charge Off Stay On Your Credit Report?

Did you know that a charge off remains on your credit report for seven years. Some people translate the law to mean that it is seven years from the first late payment leading up to the charge off. However, other people say that their charge offs have remained on their credit reports for more than seven years!

Plus, usually third-party collection agencies purchased charged off debt and report this as a separate entry on your credit report. This means that a single charged off debt can result in a string of bad credit being placed on your credit.

This seven year rule is arbitrary since it is no indication of your current credit worthiness. For instance, I made some mistakes in college and got confused about my finances. I have a steady job now and a savings account, but lenders still looked at the chargeoffs on my credit and said I was a credit risk.

How to Legally and Ethically Delete ANY Charge Off

Contrary to what bankers and collection agents tell you, you can legally and ethically remove questionable charge offs from your credit report.

In other words, you don’t have to wait 7 years for the charge offs to come off your credit reports!

The Federal Government created laws which allow you to dispute ANY questionable charge off. Usually, there is good reason to dispute and delete a charge off.

Reasons to Remove a Charge Off

• The charge off may belong to somebody else
• You were an authorized user on the charged off account and are not legally obligated
• The charge off was part of a divorce proceeding and assigned to your spouse
• The charge off is out of date
• The creditor failed to provide fair notice of the charge off
• The creditor never billed you or sent it to the wrong address

These are just some of the legitimate reasons to dispute and remove charge offs from your credit report.

I had 6 or 7 charge offs on my credit reports, which I initially tried disputing on my own. However, I wasn’t sure what to write in the dispute letters. I didn’t want the credit bureaus to RED FLAG my dispute letters and make it more difficult to remove charge offs in the future. The bureaus don’t make it easy for you to dispute charge offs. They don’t like to investigate your claims because it cost them time and money to do an investigation.

This is why I hired a company to help with the dispute process. Everything in the video above is 100% true. The deleted charge offs are documented in the deletion summary letters that the credit bureaus mailed to my house.

How NOT to Dispute a Charge Off

Can a credit bureau RED FLAG you? There is an unverified rumor that credit bureaus red flag people they suspect are engaging in illegal or unethical credit repair. Unverified or not, the bureaus are for-profit companies who keep their practices top secret. It comes as no surprise that shareholder profit is a motivating force in how credit bureaus handle your disputes.

The bottom line: Credit bureaus could care less about the charge offs ruining your credit.

Removing a charge off isn’t always as easy as mailing a dispute letter. Sometimes a single dispute letter works…and I hope it does for you.

However, other times the bureaus ignore your dispute or refuse to investigate your claim. Sometimes they claim that they verified a charge off even though the charge off is completely inaccurate!

These are things that I experienced when I disputed charged off debt. Just imagine how desperate I felt:

My wife was pressuring me to move out of our small apartment in a bad part of town…but my charge offs kept us from getting a mortgage.

What I Did to Delete the Stubborn Credit Card Charge Offs

After my little “do-it-yourself” experiment failed, I was desperate for a solution. Waiting 7 years for the charge offs to clear up on their own was NOT an option for us!

The credit system seems unfair in that a single mistake can cost you so much pain, humiliation, and difficulty for seven years!

At any rate, I finally accepted that the system is not going to change and that I would have to get aggressive with removing my charge offs. After spending a long Saturday afternoon researching various options, I found a company with a long history of success in removing charge offs. I logged onto their website and was able to see that they have deleted thousands of charge offs for their clients.

It was a small investment and so I signed up right away. (I even had my wife sign up because she had a few late credit card payments on her credit report which were left over from college.)

Here’s documented proof from actual Lexington Law clients that show charge offs, collections, and judgments being deleted.

This is a letter that Transunion sent me. I was making payments to my Discover credit card but they still charged it off as bad debt! My lawyer was able to delete it as inaccurate as you see here. You will also notice the Asset Acceptance Corp. which is a collection agency which bought the credit card charge off debt from Discover and tried to collect it. Discover was still taking my money even though they sold it to Asset! Finally, you see a judgment deleted which was a complete error by the bureau.

This was pesky collection account that had been charged off. To be honest, I am not even sure where it came from, but fortunately my lawyers took care of removing it. Also you see a letter from Experian with several charge offs deleted. I was happy to see this one arrive in the mail because Experien proved to be my toughest opponent. Before I hired Lexington, I got all types of bogus letters from Experian. They refused to investigate my claims and sent me one form letter after another. I’m not sure what Lexington did to get their attention but I was thrilled to get rid of these three ugly charge offs.

If you want to learn more about the company that I used, you can visit their website. The call is free and they even give you a credit repair analysis at no charge. It’s a great chance to tell your story and get free advice.

Should I Just Pay my Charge Offs to Fix my Credit?

When I did my research I found a lot of mis-information about this topic. Collection agencies will lie and try persuading you to just pay charged off debt. I even had one bill collector tell me that paying a charged off credit card will boost my credit score!

The real truth is that a paid charge off is just as bad as an unpaid charge off on your credit report!

Sometimes paying a charge off does more bad than good. This is because paying a charge off will update your credit report, which makes the charge off look brand new. A new charge off hurts you more than an older “stale” charge off.

The lawyers who practice credit repair for a profession know that the best method is to delete any charge off. I learned from their advice that if you want to pay down charged off debt, you should negotiate payment in return for a full deletion. Collection agencies can and will do this if the right negotiation pressure is applied properly.

Who Happens to Your Credit Score When You Remove Charge Offs

The credit scoring formula is a top secret algorithm. However, the bureaus made it public knowledge that charge offs are one of the worst items for your credit score. On my report I discovered that even a single charge off can lower your score by as much as 100 points.

It stands to reason that erasing the chargeoffs will improve your credit score. Everybody’s situation is different, but I saw a dramatic increase once the charge offs were removed.

It also helps when you do other things to improve your credit score. The people at Lexington Law can help explain this better, but I learned about all sorts of free ways to improve my credit score.

For example, I had no idea that there is a way to get utility bills to establish good credit. In other words, I learned a way to pay my utility bills and build credit at the same time!

This is what my FICO score looked like when I started (594) and what it looked like after the help I got from Lexington Law (745). My scores were different with each bureau. (Each bureau has different ways to calculate your score.)

Nonetheless, my scores put my wife and I in the top tier of applicants. We went back to the bank and again applied for a mortgage. This time it was a different story because more than a dozen different lenders approved us!

My full story is in the video at the top of this page. That’s me standing in our kitchen of our brand new home! It was a great feeling to finally hear the words “You’re Approved!” I lived with bad credit for so many years. It felt good to finally take a stand, delete all the charge offs from my past, and get a fresh start.

Do what I did and call Lexington Law’s Charge Off Repair Service today. You can get immediate help for removing charge offs from your credit report!