Is It True or Is It A Myth?

Myth 7

If a negative item is successfully deleted from my credit report, it will reappear on my report.

The credit bureaus have cleverly and purposely spread this myth through the news media and government agencies. However, the truth of the matter is the credit bureaus will often temporarily delete a negative listing if they have not heard from the credit grantor within 30 days since an item was disputed. Should the credit grantor submit verification a week or two later, it will be re-inserted  –  This is called a “soft delete”. Most of the time the creditor simply fails to respond and the negative item is “permanently deleted”. If the creditor verifies the item the account may still be deleted at a later date when the “challenge process” is intensified.

Do You Have Questions About Credit?    Call Us!

Bill Spragg at 281 804 – 3333 or BSpragg@LcaNow.com

Harry Bradley at 713 419 – 7151 or HBradley@LcaNow.com

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