Credit repair, remove negative items fast… you’ve probably heard it all. But can it be done? Can anyone remove negative items from your credit report? Well, read on to find out.

First consider this. There are three major credit reporting agencies in the US. This makes the removal process three times as hard. Removing bad (referred to as adverse) information from one bureaus files means you might still have two to go. I use the word “might” here because some creditors do not report to all the three bureaus.

Secondly, even if you somehow succeeded in removing negative items from one credit bureau’s report, creditors can still re-report them and you’re back to square one.

And just how can they remove the bad items? Of course, breaking into the bureaus computers is illegal and I have a hunch that it is a felony that could send you to prison for a very long time.

To cut a long story short, no one can remove negative information from your credit file. But don’t give up, it can be done.

You can fix bad credit, but it doesn’t take a day. And it’s not a walk in the park either. It takes time and effort. You see, while no one can actually remove bad credit information from your file, there are tips and tricks that you can use and have it removed.

You see, there are two parties (or three if count collectors), that can legally remove (or add) information from your credit file; creditors (also known as furnishers) and the bureaus themselves. By using the Fair Credit Reporting Act (FCRA) to your favor, you can actually clean your file of bad or adverse information.

The same tricks that credit repair clinics charge you hefty (and sometimes recurring) fees for, you can apply yourself with equal or better results. Why pay when you can do it yourself?

Indeed, most credit experts agree that the best repair is self credit repair. And it costs you nothing but your own time and effort.

One trick that credit repair clinic will try to sell you on is a debt settlement plan. This is a completely unethical approach to debt repayment. It involves letting your debt get so old that the creditor and/or collector often lose hope of ever getting paid, therefore willing to accept a fraction of the original debt.

There are several drawbacks to this. One is that it can cause serious damage to your credit for years to come. Though the clinic will promise to negotiate for removal of the bad information, this is not a guarantee. And you will suffer from having bad credit meanwhile.

Secondly, this technique could potentially cause tax problems for you, as the amount of debt forgiven is automatically considered taxable income. And those guys at IRS just don’t go away.

To repeat, the best credit repair is self credit repair. There are ways to negotiate with your creditors and collectors to remove negative items from your file, as well as many other tips and tricks which unfortunately are beyond the scope of this article. Keep watching this blog.

Discover tips and tricks to repair your credit and remove negative items fast. Check out: Credit Repair Bible

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