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How to Write a Credit Dispute Letter

By Edited Nov 14, 2013 0 1

Many people find themselves wondering how to write a credit dispute letter. While there is no perfect example, different situation will require different types, there are some basics that you can apply, and tailor to fit your needs. If you've found an error in your report, you can make a big boost to your score by getting the issue resolved. In fact, 100 point increases are not impossible. So if you are looking to boost your score, or just get some problems fixed, you can do it. Here's how to write a credit dispute letter, so you can fix the errors in your report.

1. Get a copy of your report. You should include a copy of your report for the receiver. In addition, to write a credit dispute letter, you'll need to have a copy of your report on hand, to use for reference. There are plenty of places to get a free annual report, so it shouldn't be a problem getting this.

2. Put your name on the top left corner of the page when you want to write a credit dispute letter. This simply allows them to know who they are dealing with.

3. Just below your name, put "dispute resolution department." As you can guess, this will give the company some direction about the nature of the form. It's important that your credit dispute letter makes it to where it belongs.

4. Insert the name of the particular bureau you are writing. There are actually three major bureaus that you can write a credit dispute letter to; Emperian, Equifax, and TransUnion. Make sure you get the right name of the bureau you are sending the form.

5. Some may wish to also include the address of the bureau they are writing. It's not necessarily a requirement, but it will look more professional. Making a good impression is key with any communication, especially a credit dispute letter.

The introduction:

Now it's time to get to the nuts and bolts of the credit dispute letter, so you can improve your score and ranking. At this point, you simply want to make a brief introduction. Here's how to write your credit dispute letter.

1. Tell them what you want. "I am writing this credit dispute letter to challenge inaccuracies in my report." You don't need to use this word for word, something similar will work out just fine.

2. Tell them how it's identified. "I have circled the items which I feel are innacuate.

3. Tease the proof. Don't go into an all out assault here, just let them know you are going to prove your case. Your credit dispute letter should be written in a professional manner. "I have included several items to serve as proof that the items listed are inaccurate." Something along these lines will grab the reader's attention.

The main body:

Next up is the body of the credit dispute letter. This is where you point out specific examples. You will need to make sure the information that follows is coordinated with your report. This will make reading and understanding your credit dispute letter much easier, possibly yielding better results. Here's how to write this portion, and make it easy for the reader to follow your report. For the purposed of this article, I will include the closing in this section, hopefully making it easy for you to follow.

1. Label the items in question on your report. Reference them during your initial sentences. Try something like; "The item labeled number 1, which was reported by company x, is not accurate." If you have more than one error, point them all out right away.

2. Tell them what you want. "I am asking for complete deletion of this item."

3. Explain the evidence. "I have enclosed a copy of a cashed check for your review." State your evidence, and be sure to include it in the package. Label any evidence you have to correspond with the error in question when you write a credit dispute letter.

4. Tell them what you expect. You should let the bureau know exactly what your expectations are; "I am asking you to investigate as soon as possible. I would like this inaccuracy removed from my report." Let them know your expectations when you write a credit dispute letter, it's how to get things done.

5. Closing the memo. Be sure to type your name and allow for room to sign. Your signature may be required to process your claim.

Odds and ends for success:

There are some very basic things you should do to serve as "insurance" to improve your chances of success. To increase the odds of your credit dispute letter being successful, you should follow a few simple steps.

1. Keep it neat and professional. You will be dealing with professional people, act accordingly.

2. Double check to make sure all information is labeled and included in the envelope. Failing to include any needed information in your credit dispute letter will decrease the effectiveness.

3. Keep copies for your own personal records. If errors are not fixed, you have something to fall back on. These should be treated as legal papers. Store the copies of your credit dispute letter in a safe place.

4. Spend the extra money to get delivery confirmation of your credit dispute letter. This way, nobody can claim they didn't receive it. This is how to cover yourself when you learn how to write a credit dispute letter.

5. Continue to monitor your report. On occasion, you will successfully correct the errors in your report, only to have them show back up again at a later date. By monitoring your report, you'll be able to immediately take action to get the problem fixed.

When you learn how to write a credit dispute letter, you can really see just how easy it can be. You should know that the law is on your side. Federal law mandates a quick resolution, typically 30 days. You can expect quick results with your credit dispute letter.

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Comments

Jul 10, 2010 6:50pm
x3xsolxdierx3x
Never had to do this...but, hopefully this article is beneficial to those who could use it....
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