Dispute Credit Letter - Remove Bad Credit On Your Credit Report
A dispute letter is how you can challenge the accuracy or validity of a bad credit item on your report. In your letter you must include the reason for the dispute and what item is being disputed.
Common reasons for a dispute are; account is not mine, account paid in full, item is out of date and more. When the credit bureaus receive your dispute and deem it valid they will investigate the dispute.
During this investigation the collection agency or lender is contacted and the account is verified and the dates and amounts. If the account can not be verified then it will be removed from your credit report.
Typically investigations will result in the removal of a bad credit item. This happens because many businesses are just unwilling to spend the resources to verify disputed accounts.
There are rumors that credit bureaus do not check public records to verify debt. This means that bad credit marks such as a judgment or foreclosure are often removed through a dispute.
You can also hire a credit repair service to dispute your credit report for you. This can be very helpful if you are disputing multiple bad credit items on your report.
It is common for a dispute letter to result in the bureaus sending you a letter requesting more information about the dispute. In addition each credit bureau needs to be disputed separately.
Thus the organization during your credit repair can become a challenge on its own. Also credit services can use advanced dispute techniques such as; creditor direct intervention, debt validation and escalated dispute information requests to remove a bad credit item.
Many services will employ attorneys this will enable you to go to court if it is necessary. In addition you may be a victim of illegal debt collection practices and may be able to file a lawsuit against a collection agency.
Credit repair is your responsibility. Unfortunately it is very common for inaccurate information to be reported on your credit report. It is estimated that 1 in every 4 Americans have inaccurate items on their report.
In sum, you should dispute any inaccurate or unverifiable bad credit item on your credit. Use a dispute letter to challenge this item and do not just wait 7 years for the item to be removed.
Common reasons for a dispute are; account is not mine, account paid in full, item is out of date and more. When the credit bureaus receive your dispute and deem it valid they will investigate the dispute.
During this investigation the collection agency or lender is contacted and the account is verified and the dates and amounts. If the account can not be verified then it will be removed from your credit report.
Typically investigations will result in the removal of a bad credit item. This happens because many businesses are just unwilling to spend the resources to verify disputed accounts.
There are rumors that credit bureaus do not check public records to verify debt. This means that bad credit marks such as a judgment or foreclosure are often removed through a dispute.
You can also hire a credit repair service to dispute your credit report for you. This can be very helpful if you are disputing multiple bad credit items on your report.
It is common for a dispute letter to result in the bureaus sending you a letter requesting more information about the dispute. In addition each credit bureau needs to be disputed separately.
Thus the organization during your credit repair can become a challenge on its own. Also credit services can use advanced dispute techniques such as; creditor direct intervention, debt validation and escalated dispute information requests to remove a bad credit item.
Many services will employ attorneys this will enable you to go to court if it is necessary. In addition you may be a victim of illegal debt collection practices and may be able to file a lawsuit against a collection agency.
Credit repair is your responsibility. Unfortunately it is very common for inaccurate information to be reported on your credit report. It is estimated that 1 in every 4 Americans have inaccurate items on their report.
In sum, you should dispute any inaccurate or unverifiable bad credit item on your credit. Use a dispute letter to challenge this item and do not just wait 7 years for the item to be removed.
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For a free sample dispute letter to remove bad credit items on your report or to learn about how you can remove nco financial a common collection agency from your credit visit us.
posted by Credit Counseling at
1:53 PM
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