How to Write a Credit Dispute Letter
Writing a credit dispute letter is going to be your first step if you are unhappy with your credit report?
If your score is 700 or above, you are likely fine, but if it is 600 or below, investigate it because you will be paying more when you try to get a loan. If you believe that your credit score should be higher and find erroneous information is contained in it, then you need to know how to write a credit repair dispute letter.
First you need a copy of your credit report. Contact the 3 main credit bureaus I discussed previously.
When you get the copy, review it carefully and check it thoroughly to see if there are any errors. Note of each one and keep the list handy while you start composing your letter.
Since the credit agencies gave you the report, the errors you want to dispute must be addressed to them. Your credit report from the three credit agencies may be different so it will be a good idea to send each one a copy with regards to your credit standing.
Don't make the mistake of putting all the errors in one letter. It is best to dispute each claim one at a time so the credit agency will give your dispute more credence. You don't have to wait for a reply before sending another one.
However, you want to give the credit agency time to reply to the claims you have disputed. The credit agency will conduct their own investigation before they reply. To make their work a little easier, send supporting documents when you write the credit repair dispute letter.
It may not be a big deal but when you write a letter to the credit agency, consider writing it rather than typing this and printing it on paper. That is unless you have bad writing. This is likely not a major point and I'm sure there will be different views on this.
To prove a point, use strong words like erroneous, outdated, misleading or unverifiable. Remember, you don't have to explain in detail why you are complaining because the supporting documents and an investigation are going to back you up.
When you finished writing the credit repair dispute letter, mail it and just wait. Generally it will take 2 week to a month before they respond. If the investigation has shown that you are right, you will receive a new credit report 2 to 4 weeks later with a higher credit score.
Since 1970, the Fair Credit Reporting Act of FCRA has been in place to give people the opportunity to dispute the claims that are printed on their credit report. If you feel that the report is false, don't just accept it but take steps so this can be changed.
Now that you know how to write a credit repair dispute letter, get a copy of your credit report and then review it thoroughly. Don't put this off. It's time for you to get things going so you can get your credit report fixed as soon as possible. It will save you money if it is corrected.
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