credit report templates
credit report templates
I was looking for a link to download templates to remove an old credit account from my report?
I have a charge -off on an auto loan from 1999. I was curious if someone could connect me to some links in which would provide templates for the bureaus for this type of particular account. I was also curious how this might improve my score which is 677 right now?
If this was charged-off in 1999 then yes it needs to be removed. Negative items can only remain on your credit report for 7 years from the date of the event that caused the negative item. There are exceptions to this 7 year rule, such as bankruptcies, which will remain for 10 years. But since yours is a charge-off that is only 7.
You don’t really need a template, but the link below is one you can use. All you need to do is include your information, the account information and the reason you want it removed. When you send the letter do not sign it. You need to send the letter to each Credit Reporting Agency that the listing is on, as they do not share information. Also, when you do send it be sure to send it by Certified Mail with return receipt. This way you have proof that the Credit Reporting Agency did get it.
As for if it will improve your score, that is hard to say as your score is based on several factors. One factor is that the scoring systems gives more weight to recent items. So an item that is 7 months old has a lot more effect on your score than an item that is 7 years old. So there is a good chance that this item is having little effect now, but you really won’t know until you have it removed.
