debt

8 steps to rid credit report of old debt

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Get all 3 of your credit reports
Get all 3 of your credit reports © wavebreakmedia/Shutterstock.com

Get all 3 of your credit reports

Your three credit reports from consumer reporting agencies Equifax, Experian and TransUnion are not identical triplets.

The old debt in question might be listed in some credit reports but not others. To find out, get a copy of all three of your reports, says Magnuson. Federal law entitles you to request a free copy of each report once every 12 months. You can download them for free at AnnualCreditReport.com (or send away for them).

Once you find out which bureaus are listing the debt, contact them. Your credit report will include contact information and dispute instructions.

Looking to pay off old debts? A personal loan can consolidate your debt. Check current rates and example payments.

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Debt Adviser

Don't be seduced by this debt plan

Dear Debt Adviser, I have about $50,000 of debt on credit cards. My credit rating is still high. I am thinking about a debt consolidation loan. Will that adversely affect my credit rating? -- DT Dear DT, The cliche... Read more

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