Are you happy with your credit report? If your credit report is 700 or above, you might be but you should worry because you’ll be paying more when you try to get a loan or buy something if it is beneath or 600. You ought to know how to compose a Credit Repair dispute letter if you consider that your credit Report and Score should be higher.
Before you can compose your Credit Repair dispute letter, you must first get a copy of your credit report. It’s possible for you to get this for free from one of the three credit services namely Experian, Equifax or Trans Union. Pay attention to each one and review your reports before composing your letter.
Since the credit services gave you the report, the errors you need to dispute must be addressed to them. Since the report from the three credit agencies may differ, it’ll be advisable 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 setting all the errors in one letter. It truly is best to challenge each claim one at a time so the credit services won’t believe that you’re simply pulling their leg. You don’t need to await a reply before sending another one. It’s only that each claim must be handled delicately so a suitable investigation into the issue can be done.
You should give time to receive the answer to the claims to the credit agency you’ve disputed. This is only because the credit agency will run their own investigation before sending you an answer.
To establish a point, it’s best to use strong words like erroneous, outdated, misleading or unverifiable. Remember, you don’t need to describe in detail why you are disputing because the supporting documents and an investigation will make the truth come out.
For individuals who have never written a dispute letter there are some samples which you’ll be able to copy online. Simply switch the date, the name and a couple of other details because your issues are different from what was laid down as a guide.
Mail it using the postal service, when you completed writing the credit history dispute letter and just wait. Typically, it’s going to take 2 week to a month before they receive it. If the investigation has shown that you’re right, you will receive a fresh credit report 2 to 4 weeks after with a higher credit score and cleaner report.
Don’t just accept it but take steps so this can be changed if you’re feeling the report is bogus. Now that you know, get a copy of your credit report. Review it completely and dispute any errors.