How Do I Write a Credit Dispute Letter?

You have requested for a free credit report from one of the three credit reporting firms. Once it arrived, you followed your instincts and reviewed its contents. And you were shocked with what you saw!

Your once excellent credit score suddenly went down. You tried to recall the payments you have made on your debts. All you can remember was that you always paid on time. You also felt certain that you have settled at least 95% of your total credit. What went wrong with your credit records?

After going over your free credit report for the third time, you finally found the culprit. It was an error on your payment transaction. What should have been a closed obligation was still marked open. So what should you do now? Well, you must file a credit dispute letter to clear off the errors in your records. And you need to file it immediately to the credit bureaus. This way you can be re-evaluated and provided with a more accurate credit report.

But what if you do not know how to write this kind of formal letter? Read the rest of this article for you to learn how.

Importance of Credit Dispute Letters

It is not really difficult to make a credit dispute letter. After all, you just need to follow standard letter writing guidelines in making your letter of dispute.

Your letter must contain important components that will prompt the three credit report firms to act on your dispute. This will ensure the quick removal of errors in your records.

Components of your Letter of Dispute

In writing your letter, you must know what each part must contain. Below are some of the important details that must be included in each component of your letter of dispute.

1.      The Top of the Page. You must place your name, address and telephone number in the upper left hand portion of your letter. You should also write your email address and your Social Security number below your contact details. Then, write the name of the credit bureau and its address two spaces below your personal information. Finally, write the date two spaces under the address of the credit bureau.

2.      Salutation. The most common salutation used in credit report disputes is “To Whom It May Concern”. This serves as a greeting to whoever may read your letter. Place the salutation two spaces below the date.

3.      Body of the letter. Always keep the tone of your letter courteous and straightforward. List each error in your credit repair in its own paragraph. Also make your statements simple and easy to understand. Also, prompt the credit bureau to remove the errors in your records by using strong action words. Let them know what you want them to do. This will help prevent complications and further delays in repairing your credit records.

4.      Complimentary Close. You must sign off your letter through a simple “Sincerely”, “Respectfully” and even “Thank You”. The complimentary close must be located two spaces below the body of your letter. Do not forget to place your signature and printed name under the complimentary close.

5.      Attachments. Attach a copy of your credit report to your letter of dispute. Be sure to highlight the errors in your credit report as this makes it easier for the credit bureau to act on your claim.

I hope the information you have read from this article will guide you in writing a good credit dispute letter. Remember that in doing so, you will receive a more accurate credit report, and you won’t need to get bad credit repair just to improve your credit score.

 

About the Author:

Suzy Vanstrusen is a credit analyst and a writer on the website EZCreditRepairSolutions.com. She has been providing consumers with tips and wise information about credit repair as well as helping you out more with your bad credit loans.  Copyright © 2010
 

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