Anatomy_of_A_Credit_Dispute_Letter by MarijanStefanovic


Anatomy of A Credit Dispute Letter

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The Fair Credit Reporting Act or FCRA of 1970 has recently been
strengthened in order to allow anyone to dispute negative disputes on
their credit report. This can be done with a letter of dispute and in
turn the credit bureaus must either delete the listing or verify it. The
key to repairing bad credit is to write a properly formatted letter of
dispute to one or all of the credit bureaus and send them out via
registered mail. Always keep a copy of your correspondence and the
receipt from your registered mail letter for further reference. It is
also important to make copies of your credit report to include in the
letter, not originals. Bel Below is a step-by-step guide to writing a
letter of dispute to get rid of those black marks off your credit report
for good.

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Get Your Credit Report
Once you have received your credit report and noticed that there is an
error, outdated listing or a bad listing that does not have anything to
do with you, it is important to look over the details and dispute these
mistakes first.

Make sure that for each listing on your credit report, you check the
personal identification information. Often, a listing that is not yours
can end up on your report because it seems to match up with your details.
If you dispute these types of errors first, other mistakes on your credit
report will no longer match your file. Resource: Experian Free Credit

Make A List Of Items To Dispute
Once you have made sure that each of the incorrect personal detail
listings are accounted for, it is time to look at all of the other
damaging details on your credit report. List these from most damaging
right down to neutral. For instance, a bankruptcy listing is far more
harmful than a late payment or credit rejection.
Once you have all of the necessary disputable listings set out in front
of you, begin writing your first letter of dispute. Each of the three
credit reporting agencies should be addressed, even if these disputable
listings only appear in one or two of the reports. If the three reporting
agencies are addressed with a letter of dispute for each questionable
listing, it will ensure that, later on, these items do not appear on your
other credit reports.

Send Each Dispute Seperately
All listings, apart from incorrect personal data disputes, must be
written out and sent separately. If you try to dispute several items at
once it is likely that the agency will reject your claim on the grounds
of it being irrelevant. At this point, you should be prepared for the
credit reporting agencies to complain or even threaten that your request
for a dispute on the items are frivolous or even illegal. This is untrue,
credit reporting agencies are required by law to investigate and accept
that all disputes are legitimate unless they have evidence to prove
otherwise. So don't give up.

Personalize Your Letters
When writing the letters of dispute, you should consider handwriting them
rather than typing them out. Make sure you use strong words that will
make it clear to the credit reporting agencies that the mentioned listing
is being disputed. Examples of these words are erroneous, outdated,
misleading or unverifiable. Do not spend time explaining things in your
letter of dispute, explanations are not considered useful. When the
reporting agency receives your letter, they are then required to
investigate the listing you have disputed.

If you are unsure of the format of dispute letters, samples can be copied
or downloaded online by simply doing a search on your favorite search
engine. These samples give you a good idea on how a dispute letter should
be formatted and what details should be completed to get the maximum

It will take between 2 weeks to a month to receive a reply from the
credit-reporting agency letting you know that your letter has been
received and your dispute is being investigated. After a further 2-4
weeks, a new credit report should be received from the reporting agency
to confirm that the item has been removed from you report.

Once the updated credit report has been received, you can then address
the next dispute that you have until you have had all of the disputed.

•Sometimes, credit reporting agencies are slow to respond or choose not
to respond at all. If this is the case, you will need to send another
letter to them to remind them that they are obliged by law to address
your dispute.

• Disputing items on your credit report is no easy task, you will need a
great deal of patience and you will also need to be persistent and not
give up. Remember that the credit reporting agencies are required by law
to investigate your disputes, so don't let them bully you into thinking
that it is not possible to have things removed from you credit report.
• For those who don't have the time or are having difficulties with the
credit reporting agencies, there are legal services available that will
dispute the items for you at a small fee.

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