Click To View Links

What is a Deletion Letter?

What is a deletion letter? How can I use it to improve my financial score or do credit repair? Learn how to use credit report letters to your advantage below.

This type of letter is one of those private moves of credit repair. It’s the fastest move to raise your financial FICO number and take any collections off your report.

For many people there is a small item listed on their credit report that may be a collection. Such as a medical bill, a phone bill, credit card charge or another small item that is unpaid. These may be showing as unpaid. An item as small as $25 reflected on your report as unpaid can lower your score 20 points or more.

deletion letter explanation

Ask "Do You Delete"

Because of how these negative items affect your FICO score, the best way to handle this is to contact the agency assigned to collect the debt and ask the moving question: "Do you delete?"

The secret many people may not know is these agencies assigned to collect will delete the negative item voluntarily from your report if you nicely request them to and say you will give them the amount you owe. As much as half of the time when you ask the question "do you delete", their answer will be "yes."

On top of that, you need to request a "deletion letter" to give evidence that the debt in question is going to be deleted from your financial file.

Why Use Deletion Letter to Raise Score?

Because, many times you're looking to raise your score NOW. Especially if your wanting to buy a home and have started the loan process. Time is of the essence. The agency doing the collection or your creditor may take up to 90 days to update this with the credit reporting agencies.

When you have a credit report letter stating the deletion, you can take quick action by faxing it to the reporting agencies to get the negative debt removed from your report in a short time, perhaps even a couple of days. Thus, your effort in credit repair via this letter can quickly get your score up there!

Where Would You Like to Go Next???

Do you have questions or need more answers? Our Have a Question page is the perfect place to look for answers or ask your own questions. So go ahead....pick my brain!

Did you find a mistake on your credit report? Would you like to know what to do to correct the mistake? Learn what to do here

Leave Deletion Letter and return to Credit Repair Letters main page.

Go to House Buyer Solutions Home Page.

New Jersey Grants

Click on Image to Learn More

South Carolina Grants

Click on Image to Learn More

Recent Articles

  1. FHA Lending Guidelines

    Jun 10, 17 02:58 PM

    According to the FHA lending guidelines, is it possible for escrow to be paid out of packet instead of rolled into the loan? What are the guidelines for a 2nd time home owner? These are answered below…

    Read More

  2. FHA Title 1 Loan Explained

    Jun 08, 17 08:15 PM

    Are you interested in the FHA Title 1 Loan program and wonder where to find a lender who works with this program? Others have wondered the same thing, find the answers on this page.

    Read More

  3. FHA Help

    May 26, 17 03:14 PM

    Would you like some FHA help? Perhaps you are wondering if it is wise to add a significant other to the mortgage? Or why a mortgage company would ask you to go conventional instead of FHA? Find answer…

    Read More

Buyer Programs

fha loans

The FHA Loan Products

Home Buyer Grants

zero down home loans

Zero Down Home Loans

Follow Us On Twitter

follow me on twitter