To dispute a negative mark, you need to send a letter to each credit bureau: Equifax,
Experian, and TransUnion . The bureaus then have thirty days to investigate your dispute
and respond back. If they do not respond back they are breaking the fair credit reporting
The bureaus will frequently reply with a letter requesting more information about the
item. These are often refereed to as stall letters. They have found it more effective to
delay instead of actually investigating the dispute. This is how the credit bureaus get you
to give up.
If you receive a stall letter it is important you gather the proper documentation and resend
your dispute. At this point the bureau has no option other than to investigate. While
investigating, the bureau will contact the lender to verify the disputed mark.
If the mark can not be verified by the lender, it must be removed from your credit report
by the bureau. For the best results, we suggest you wait until the debt is paid or the
negative mark is legitimately inaccurate. Lenders normally do not want to spend money
and time validating a non collectable debt.
Lenders do not stand to make money for items that are already paid therefore it is not in
there financial interest to respond to the bureaus. The lenders also have to follow the fair
credit reporting act as well as the fair debt collection act. Lenders often time will not risk
the fines associated by breaking these laws and therefore allow the bureaus to remove the
item from your report.
You can create a letter and dispute your credit yourself or you can hire a service to
dispute it for you.
The benefit of a service is that they typically have years of experience and the knowledge
needed to get the results. Using a company takes a lot of stress off you. If you would get
an attorney to represent you in court wouldn't you want a credit repair company to repair
You credit score is a very important number. It impacts your; finances, residence, place
of employment and much more. Errors on your credit report often lead to increases in
your interest rates.
In conclusion, you can remove negative items from your credit report and get the credit
you deserve. This is done by disputing your credit yourself with a dispute letter or by
hiring a skilled professional to do it for you.
For a free credit consultation call 1-800-857-5268 or you can visit us for more