Debt

Steps To Remove National Credit Systems Inc. From Your Credit Report

If you ever missed your rent payments, your landlord may have sold your debt to National Credit Systems. This isn’t a good thing since National Credit Systems is a debt collection agency that reports the collections to all three credit bureaus.

What does this mean for you?

If National Credit Systems is on your credit report, it likely decreases your credit score and makes future lenders wary of lending you money. A housing debt default is a big deal with lenders.

The good news is you can remove National Credit Systems from your credit report with a few simple steps.

Validate the Debt Within 30 Days

Your first step if you hear from National Credit Systems is to ask them to validate the debt. Here’s the problem. You have to do this in 30 days from the first phone call or letter they send. If you let too much time pass, you won’t be able to ask for validation and have the tradeline removed that way.

Debt validation simply means you send National Credit Systems a letter requesting that they validate the debt. In your request, ask the following:

  • Who is the landlord that sent the debt to you?
  • How much is the debt for?
  • What address is the debt for?
  • What were the dates of missed payments?
  • Do you have the right to do business in my state?

Ask as many details as you can for National Credit Systems to answer. If they don’t or can’t validate the requests you make, you can dispute the debt with the credit bureaus and have it removed.

This doesn’t remove the obligation to pay the debt, though, so keep reading to see how to take care of the debt.

Request a Pay-for-Delete

As frustrating as it may seem, getting an entry from National Credit Systems removed may require a payment.

Like we mentioned above, you’ll still be on the hook to pay the debt unless you can prove it doesn’t belong to you, but that’s another story.

If the debt belongs to you, but National Credit Systems can’t validate it, they’ll remove it from the credit report and you can negotiate a settlement. They won’t tell you this, but National Credit Systems bought your debt for less than the full amount so they have room to negotiate. Use this to your advantage.

If they validated the debt or you missed the 30-day window, negotiate a pay-for-delete arrangement. This means you ask them for a settlement based on what you can afford to pay along with a request to delete the account from your credit report.

Removing it from your credit report eliminates the damage it does to your credit score and future lenders won’t know about the issue. 

If you pay as you said you would, National Credit Systems shouldn’t mind removing the tradeline from the credit report. They do that to get leverage against you so you’ll pay it.

Dispute the Debt

If there’s anything about the listing on the credit report that doesn’t seem right or fair, consider a credit dispute.

Every consumer may dispute their credit when what’s reported is inaccurate or unfair. It’s the law. 

Disputing a debt means writing a letter to the credit bureau reporting the debt (or all three if they all report it) and dispute the information provided. Write a detailed letter so they understand everything wrong on your credit report and provide as much proof as possible for the credit bureau.

Hire a Credit Repair Agency

If you aren’t comfortable disputing the debt (not everyone is), consider hiring a credit repair agency. Many legitimate companies can get the debt removed from your credit report using legal measures.

While a credit repair service can’t do anything you can’t do yourself, sometimes it’s nice to have a company do it for you, especially since the credit professionals know exactly what to look for, even small areas that you may overlook.

Bottom Line

If National Credit Systems is on your credit report, time is of the essence. The longer you let the collection sit there, the more damage it does to your credit score and future chances of getting new credit.

Start with debt validation and if that doesn’t work, figure out a settlement you can afford and that National Credit Systems will accept. If you need help, though, don’t be afraid to hire a credit repair service so you know you have as much protection as possible.