Jonathan Cheong

If you have defaults on your credit record, it is possible to have some of them removed. Defaults are non-payments recorded on your credit files. When a person is in default, they are subjected to lawsuits, liens, judgments, and other complicated situations.

If you are a student struggling to pay student loans, a renter struggling to meet monthly bills, or a homeowner battling to stay out of debt you might want to know what is available to you.

If you have a college loan, which means you have a loan from the government you can ask for a default, which gives, you time to repay the loan. Other types of defaults include insurance policies, bills, car loans, personal loans, and other types of credit lines.

Sometimes we are subject to debts that may not be ours. There are thousands of collection agencies and credit reporting services throughout the US. Sometimes there are errors sent to the credit bureaus that put the default on your credit file. Once the default goes on your credit file it remains there until the bill is paid in full.

Now, if you did not make the purchase the first thing you want to do is file a dispute. The problem however, defaults remain on your credit file for a period of time before they are removed. The upside is fighting for your rights and disputing the allegations made against you are telling creditors that some boo-booed.

If either you have credit cards and purchased an item or service on the card and the service or item was defeated, you must first dispute the problem with the providers. After you have disputed the issues with the providers, you will next contact your credit card lender and inform them of the defaults on your credit report.

DO NOT pay on items or services that done you wrong, since this means the creditors will view you in a different light.

If you have, insurance policies are delinquent on your bills, you might loose your coverage, however in some cases you might be in more trouble than you realize. Read all terms & agreements as well as any other fine prints before obligating your self to a contract.

If there is a default against you on your policy contact your provider immediately and try to work out a plan. By making contact, you could save your insurance as well as additional debts added to your accounts. Anyone that lends you a line of creditor subjects you to defaults if you cannot make payments. If you have defaults on your credit files make sure that you work to pay the debts down to avoid complications.

Identity Theft

Now here comes the bad deal when it comes to dealing with defaults on your credit file. If you are subjected to identity theft, the ultimate resource is to continue fighting for your rights. People are robbed, beaten, murdered, and violated and so on every single day.

The difference between these situations and identity theft is these people are survivors and identity theft victims are victims for the remainder of their lives. I can say this with confidence, since it has been seven long years since I was robbed of my identity and today I am still fighting for my rights.

Today I cannot get an apartment in my name, nor can I get credit. The reason...My credit file has Freud Alert written all over it. Once a Freud Alert is posted on your credit, file it leaves creditors open as to who committed the crime. If I had known about the FREEZE option when I sent letters notifying my creditors that my identity was stolen, I would have had a much better chance in life. Instead, no one told me.

Now I am passing the word on to others, since I never want anyone to suffer as I have as a result of identity theft. When your identity is stolen, defaults hit your credit files continuously and remain there until the time allowed.

If you are a victim of identity theft, make sure that you ask the credit bureaus to put a FREEZE on your accounts. This tells the creditors that you are a victim.

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