There are often ads on late night television or on the Internet which tell you they can erase bad credit, giving you a way to start over from scratch and eliminate your bad credit score. The fact is, there really isn’t a legal, fast way to do credit restoration, and these companies are usually making a false representation. If you need to improve your credit, there are ways to do it, but it will take some time.
The fact is, you can erase your bad credit just by paying everything on time and waiting for several years! Nearly all delinquent credit history stays on your credit report for seven years, and then is removed. But for debts you arent paying on time, that remain delinquent, they will stay on your report until they are brought current. That’s why the best thing you can do to improve your credit is to bring your debts current and then start paying on time.
As long as the other credit being reported on your credit report is accurate, there are not other ways to get around a bad credit report. For example, such ideas as applying for a tax ID number (usually used for business) and using that instead of a social security number, can open you up to misrepresentation charges or other consequences. It’s just not worth it, and eventually this will be discovered. A tax ID number is not a replacement for a social security number.
There are other methods including disputing credit and hoping the creditor does not respond, in which case the item must be removed form your credit report. The fact is, most if not all creditors are now aware of this scam, and will respond right away. In addition, your dispute should be for truly erroneous reports, and not legitimate debts. None of these tactics will help you avoid the need to just spend the time and money to fix your credit the right way.
So, to erase bad credit, you just need to no longer engage in bad credit habits, but pay on time, pay down your debt, and soon your credit will be excellent.
