Many credit repair companies want you to believe you need to pay them huge fees before they will write a credit repair letter on your behalf to creditors or credit companies.
You are entitled to dispute any disputes you have with credit companies or collection agencies. Companies sometimes report incorrect information or they mix up similar names. Other cases include companies failing to report when a debt has been cleared and payments caught up.
These are all issues you can dispute and you should be able to write a credit dispute letter to your creditors on your own. By having any errors that have been listed on your report removed, you can begin to improve your credit score.
Disputing Credit Report Errors
Obviously, you're going to need an accurate copy of your credit report so you know precisely what's been listed and by which company. This will give you a clear idea of any credit enquiries that you didn't make or any listings that shouldn't be there.
When you send your credit report dispute letter to a lending company or collection agency to dispute a listing they are legally required to respond to your request within 30 days. If the information is wrong, it should be removed from your report.
Don't mistake this action for removing real negative information. If the items on your credit report are genuine then they can't be removed legally at all.
Just because they can't be removed doesn't mean you can't request an investigation into every single item listed on your credit report. You're not charged for writing a credit repair letter asking for an investigation. The fun part about inquiring into every item is that if the credit bureaus can't verify an item it should be removed.
Writing Your Credit Repair Letter
Writing a credit report dispute letter can be quite daunting for many people, but it's much easier than you think. Here are simple things you can do by yourself:
1. When it comes to writing your credit report dispute letter, be sure you find a great template on the internet to base your letter on. Always change the original template of sample letters so you're using your own words and your own information.
2. Address your letter to the credit bureaus. They each have contact information listed clearly on their websites. If you can't locate any contact details, try a Google search.
3. Send your letter by certified mail or by registered mail. Keep your mail receipt as a record of the date you sent your letter.
4. When the credit bureaus respond, keep copies of all correspondence and outcomes. Be patient and wait for them to investigate any enquiries that are listed on your dispute letter.
5. If your dispute doesn't result in removing errors or problems, then the credit bureaus may have been able to verify that the information listed on your report was correct. If you still believe the listing is wrong, write to them again and tell them why you believe the item should be removed. You're allowed to ask to have your file re-investigated, so they'll look again if you write again.
It seems like a lot of effort but writing a credit repair letter is really a lot simpler than you think. Simply state what item you want to dispute and send it away.