How to Legally Erase Credit History

Aside from a disciplined approach to managing finances and paying bills on time, there is no legal way to "erase" your credit history. Despite advertisements on TV, radio and the Internet that make claims to the contrary, your credit report does not represent a history that may be rewritten by people who know a few inside moves. Still, with diligent attention to paying your bills on time and restraint from seeking additional credit, you may gradually eliminate negative information from your credit report.

Step 1

Obtain a copy of your credit report from the three major credit bureaus: Equifax, Experian and TransUnion. Review them and report mistakes or discrepancies on any report to the issuing bureau. The reporting agency must investigate you claim. If it finds in your favor, the information will be erased from your credit report.

Step 2

Contact your creditors; do not hide from them. Negotiate with them to get your debt paid off as quickly as possible. They may agree to settle your debt for a lower amount. If your creditor agrees to a settlement, get it in writing. Send your scheduled payments on time. Otherwise, you will be responsible for the original amount. Make sure that your creditor reports your positive paying history. When you have eliminated the debt, ask the creditor to update your credit report to show that it has been paid in full.

Step 3

Pay your bills on time. Always pay your bills on time and try to pay more than the minimum payment. Your credit score will increase as you establish a positive paying history and your debt diminishes.

Step 4

Rebuild your credit. Purchase small amounts on your existing cards and then pay them off completely each month. This demonstrates your ability to repay your debts.

Step 5

Do not apply for more credit until you have paid off existing debt. Each application for credit is reported on your credit history and lowers your credit score.


Don't fall for schemes from credit repair companies promising to erase your credit history.

Some derogatory entries, such as bankruptcy filing or default on a loan, may remain on your credit history from seven to 10 years.