CFPB OPEN! - Wipe Everything Off Your Credit Report FAST!! (2025)

Introduction

This tutorial provides step-by-step guidance on how to effectively clean your credit report using methods discussed in the video by Stephen Smith. The focus is on utilizing resources from the Consumer Financial Protection Bureau (CFPB) to remove negative items from your credit history quickly and efficiently.

Step 1: Access Your Credit Reports

Start by obtaining copies of your credit reports from major bureaus

• Equifax
• Experian
• TransUnion
• You can access your reports for free once a year at AnnualCreditReport.com.

Step 2: Identify Negative Items

Review your credit reports carefully to identify

• Late payments
• Charge offs
• Collections
• Hard inquiries
• Make a list of items you want to dispute.

Step 3: Gather Supporting Documentation

Collect any evidence that supports your claims, such as

• Payment receipts
• Account statements
• Correspondence with creditors

Step 4: Dispute Negative Items

Utilize the CFPB’s online dispute tools

• Go to the CFPB website and navigate to the dispute section.
• Fill out the necessary forms to initiate the dispute process for each negative item.

Use templates for specific reports

• For Innovis, LexisNexis, Early Warning, and ChexSystems, access provided dispute templates online.

Step 5: Send Dispute Letters

Draft and send dispute letters to the credit bureaus

• Include your personal information, a description of each dispute, and attach supporting documents.
• Use certified mail to ensure timely delivery and receipt confirmation.

Step 6: Monitor Your Credit Report

After submitting disputes, monitor your credit report for updates

• Creditors have 30 days to respond to your disputes.
• Ensure that the negative items are removed or corrected as applicable.

Step 7: Follow Up

If negative items remain after a dispute

• Follow up with the credit bureau to check the status.
• Consider filing additional disputes or seeking legal assistance if necessary.

Step 8: Use Additional Resources

Explore credit builder apps and services mentioned in the video to improve your credit over time

• Relay, AVA, Grow Credit, Kikoff, and others.

Conclusion

Cleaning your credit report can significantly impact your financial health. By following these steps, you can effectively dispute negative items and improve your credit score. Regularly monitor your credit report and use the resources available to you for ongoing credit management. Consider investing in credit-building tools to enhance your financial future.