How To Remove Charge Offs From Your Credit Report

By Rick Greene

A good FICO score is important. Now that banking concerns are more careful with lending money, credit may be more important than ever. Now, we will see how you can raise your credit score the easy way.

You may be surprised to find out that charge offs can be removed from your credit report. Charge offs can have a very negative effect on your FICO score. Put shortly, you want them removed from your credit report. If charge offs are showing on your credit report, there are ways of removing them. This will improve your FICO score and will lower your payments and interest rates on loans and mortgages.

To start the procedure of getting charge offs removed, you need to get your credit report first. Every calendar year, you get 1 copy of your credit report. This gives you the possibility to take a look at what is on there.

It's not rare to get a mistake on your credit report. If you see a mistake, write a letter to the credit bureau. Do not try to save time and send email, write a real letter. You know, with ink and a stamp. let's hope you don't receive a word from the credit bureau, because if you don't, the charge off gets dropped from your credit report. This comes down to an increase in your FICO score

It's these small steps that count most in increasing your FICO score. Just a small difference in interest rates for a mortgage can save you thousands of dollars over the course of a couple of years. So be picky when doing your preparation.

Most people never go over their reports. They assume that no charge offs are made in fault. But a lot of errors are made by credit bureaus. You can remove charge offs and increase your credit score. You just have review your credit report, find the mistakes and send a letter to the credit bureaus. You can save thousands of dollars just by taking action.

About the Author:

Rick writes about financial matters and credit. He also writes about makkelijk snel geld lenen and snel geld lenen zonder bkr in Dutch.