Most people are unaware of the fact that you can have collection accounts deleted from your credit report. Most people have collection accounts on their credit report for 1 of 2 reasons. Either they had a credit account, which went into collections or the collection is a case of mistaken identity and they do not own the account.
Regardless of your situation you can have the collection deleted from your credit reports. The first step is to request a copy of your credit report with the 3 main credit bureaus ( Equifax, Transunion and Experian ). You want to see which credit bureaus have the collection account listed on your report.
Once you have identified which bureaus have the account listed, the next step is to dispute the collection with each bureau separately. Each bureau acts independently of the other and having the account deleted from one will not mean it will be deleted from the other two. Most lenders take a look at all three credit reports so you want to make sure you repeat this step with each bureau.
Once the credit bureaus receive your dispute in the mail, they have a certain time to investigate the account and let you know the result of the outcome. If they have not finished their investigation within the given time, they will be required to delete the item from your credit report.
It is important that you are familiar the Fair Credit Reporting Act, this is the law that the credit bureaus must abide when handling your credit file.
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