The Fair Credit Reporting Act gives consumers assurance of receiving accurate credit reports. The law orders the three credit reporting agencies to immediately conduct investigations once they receive disputes from consumers.
In the Fair Credit Reporting Act, the three credit report firms are given 10 days to commence their investigation. This is based on the date when you filed your letter of dispute. Then, the agencies are provided 30 more days to complete their examination of your records. After this, you will be given the results of the investigation. If your claim is valid, you will be furnished with an updated copy of your free credit report.
Upon receiving your updated credit report, you must once again scrutinize it. There may be other inconsistencies that were retained in your new report. Constantly reviewing your records will help you avoid getting unneeded bad credit repair services.
Now what if the credit reporting agencies failed to respond to your credit dispute letter? Will you just let the matter go? Or should you follow up on your claim?
Actually, the best way to resolve this problem is by sending a dispute follow-up letter. How can you make one? Let us discuss the steps in writing this kind of business letter.
Writing a Dispute Follow up Letter
First and foremost, you must know what your follow up letter must contain. A follow up letter usually informs the credit bureau of your decision to file a complaint against it. This is in line with its delayed response to your filed dispute. Mention in your letter that you will file a formal complaint in the Federal Trade Commission, should the credit bureau fail to enact on your problem immediately.
Your follow up letter should also mention a background of your case. It should tell the credit bureau that you have seen errors in your free credit report, and you want to remove them from your records. Then, inform the bureau when you have filed your letter of dispute. Express your disappointment for not receiving immediate response. Then, mention the provisions of the Fair Credit Reporting Act. Tell the credit bureau that its delayed action to your dispute is already a violation of the Federal Law.
In the last part of your follow up letter, give the credit bureau another chance to respond to your contested errors. Also, attach a copy of your initial letter of dispute, and other relevant documentations that will prove your claim.
Remember your letter need not be too long and complicated. Still, it should show you as a consumer very much aware of his rights under the Federal Law. Your follow up credit dispute letter should also reiterate that your request for an investigation has valid basis.
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