The only way to erase bad credit today is to repay the money you owe to your creditors. To do this you should set up a payment plan with them and adhere to it strictly. There is no magic eraser or wand that will remove your bad credit history. Unless, you can prove that the information that is contained in your credit report is false. You have rights to dispute the incorrect information and more information about this can be found from The Fair Credit Reporting Act (FCRA).
Under the FCRA you are able to obtain a free credit report once a year from each of the three credit reporting agencies (TransUnion, Experian and Equifax). This is the first step in the process to erase bad credit today. You have to know what you are up against in full detail and getting your credit reports from these agencies is the only way to do so.
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