Are you happy with your credit report? If your score is 700 or above, you might be but if it is 600 or below, you should take action because you will be paying more when you try to get a loan or purchase something. If you believe that your credit score should be higher, you should know how to write a credit repair dispute letter.
Before you can write your credit repair dispute letter, you must first have a copy of your credit report. You can get this for free from one of the three credit agencies namely Equifax, Experian, or Trans Union.
When you get the copy, review it carefully and check if there are any errors. Take note of each one and then being composing your letter.
Since the credit agencies gave you the report, the errors you want to dispute must be addressed to them. Since the report from the three credit agencies may be different, it will be a good idea to send each one a copy so everyone is on the same page 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 not think that you are simply pulling their leg. You don’t have to wait for a reply before sending another one it’s just that each claim must be handled delicately so a proper investigation into the matter can be done.
You should give the credit agency time to reply to the claims you have disputed. This is because the credit agency will conduct its own investigation before sending you a reply. To make their work a little easier, send supporting documents when you write the credit repair dispute letter.
Your letter should include:
- Your full name.
- Your date of birth.
- Your Social Security number.
- Your current address and any other addresses at which you have lived during the past two years.
- A copy of a government-issued identification card such as a driver’s license or state ID.
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.
To make your letter stand out, it is best to use strong words like erroneous, outdated, misleading, or unverifiable.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 will make the truth come out.
For people who have never written a dispute letter before, there are some samples that you can copy online. Just change the name, the date, and a few other details because your concerns are different from what was laid down as a guide.
When you finished writing the credit repair dispute letter, mail it using the certified mail and save a copy of the receipt for your records. Normally, it will take 2 weeks to a month before they receive it. 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 reports. 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. With CreditRepairGal, we can access, analyze, and dispute inaccurate information on your credit report. Contact us today for an assessment.