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Send a Letter to Remove Closed Accounts from Credit Report I am writing to dispute the following closed accounts on my credit report. These accounts are either inaccurate or outdated, and I request that they be removed per my rights under the Fair Credit Reporting Act (FCRA).

The good news is that you may be able to remove the closed account from your credit report. "Anyone can issue a request to have a closed account permanently removed from their credit files," says Bruce McClary, senior vice president of membership and communications at the National Foundation for Credit Counseling.

Clearly state that you are requesting to remove a closed account from your credit report. Provide details about the account, including the account number, if available. Explain why removing the account would benefit you, e.g., to improve your credit score or correct an inaccuracy.

The Fair Credit Reporting Act (FCRA) , 15 U.S.C. § 1681 et seq., governs access to consumer credit report records and promotes accuracy, fairness, and the privacy of personal information assembled by Credit Reporting Agencies (CRAs).

An employer that violates the FCRA can be subjected to statutory damages ranging from $100 to $1,000 per violation, and also may be held liable for an employee or applicant's actual losses and attorney's fees. In cases involving willful violations of the law, punitive damages can also result.

Furnishing and reporting old information about you. furnishing and reporting inaccurate information about you. mixing your file with someone else's. failing to follow debt dispute procedures.

Section 623 of the FCRA and Regulation V generally provide that a furnisher must not furnish inaccurate consumer information to a CRA, and that furnishers must investigate a consumer's dispute that the furnished information is inaccurate or incomplete.

Prohibited Information on Credit Reports The FCRA places a time limit on the reporting of certain negative information. Generally, most adverse information, such as late payments, collection accounts, and Chapter 7 bankruptcies, can only be reported for seven years.

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