Your Guide in Preparing a Credit Repair Letter

If you find errors in your personal credit report, you must take positive action to correct those errors and maintain a good credit standing. In this article, we have put together a step-by-step guide on how to prepare a credit repair letters:

Make a list of disputable items. First, you need to make sure that you will be disputing the right items. How? By ordering a copy of your report from each of the three bureaus. Since each bureau does its own reporting, it’s best to check the accuracy of your file from all three credit reporting agencies.

Which items can be disputed? Examples of items which can be disputed are unauthorized charges in your accounts, debts that have already been paid, incorrect spelling, wrong details, and negative remarks that has been in your report for more than seven years (ex. Bankruptcy).

Dispute each account separately. If you find multiple errors in different accounts, it is best to send a separate credit dispute letter for each concern. This way, you can ensure that an investigation will be made and that the bureau will address each of your complaints.

Use proper formatting and style. If you are not sure how to write a credit dispute letter, you can read sample letters from a reputable online resource. Take note that these letters are straight to the point, precise, and dignified. Follow the steps on how to write a business letter and proofread your letter before sending.

Keep in mind that the credit bureaus receive hundreds of credit repair letters each day from consumers across the United States.  If you will send a poorly written letter, the bureau may not take your complaint seriously or may even disregard your complaint.

Wait for a response. After receiving your letter, it should only take 30 days for the credit bureau to complete its investigation on the matter.  The bureau must send a letter informing you the result of the investigation along with an updated copy of your free credit report.

Follow up your complaint. There are instances when a credit bureau fails to respond to a consumer complaint. If you do not hear from the bureau for 30 days, prepare to send a follow-up dispute letter. Enclose a copy of the dispute letter you first sent and inform the bureau that you are aware of your rights as clearly stipulated in the FCRA (Fair Credit Reporting Act). Remember to send your letters via registered post mail to ensure that it will be reach your recipient.

 

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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