3 Credit Bureau Report – Free Score

sexybi731 asked:


I am trying to fix my credit and i am a little confused, do i send the dispute letters to the credit bureau for each thing i am disputing or do i send them to the person who is trying to collect the money. Also should i send my disputes one at a time or can i send more than one. What should i expect out of this. Please help me out

Brenda

Tony Banks asked:




You want to make sure that as a consumer with credit issues that you follow the specific steps needed to restore your credit. Observing these steps will ensure a boost in your score in no time.

The first thing you want to do is to get a credit report from each of the three major credit report bureaus (Equifax, Transunion and Experian). You are entitled to a free copy yearly from each of the major credit report bureaus. You can download those three reports instantly from annualcreditreport dot com.

Now that you have obtained the three credit reports from the three major credit bureaus, you are to review each of these reports carefully. There are some items you might find in one credit report which you might not find in the other so it is important that you review each of the reports carefully. You are to write out any negative items in the order of the most damaging on your credit report. You are to watch out for new negative items on your credit report. New negative items that are added have more effect on your credit score than the older ones. So, keep in mind to deal with each of the negative items as they appear on your credit report. You also want to watch out for items on your report that are not yours, errors made to your personal information and accounts which you have paid in full but still show a balance.

The next and important step is for you to send dispute letters to the bureau for each of the negative items you found on your report. The law allows you to give a reason for dispute and the most popular and effective reason is the account ‘is not mine’. With this dispute reason, if the account could not be verified by the creditor when the credit bureaus send over their investigation, the account will have to be deleted. Keep in mind that you can dispute about anything on your account. Due to bad record keeping by the creditors, most accounts might not be verifiable so most negative items on credit accounts end up deleted.

Do not dispute multiple negative items on a dispute letter. It will most likely be categorized as ‘frivolous dispute’. It is important that you deal with each of the negative item on your credit report one dispute letter a time. Send your dispute letters by registered mail and keep records of every dispute letter the credit bureau receives. With these records, you will be able to prove with specific dates when you sent your disputes letters and when the credit bureau receives your dispute letters.

Once your letters have been received by the credit bureau, they are obligated by the law to start investigating your cause for dispute. You should know the outcome of the investigation in thirty days. If your request is granted, you will receive an updated copy of your report showing that the corrections have been made. If the account is verified and your request is not granted, you will have to dispute your account with your original creditor.

Glenda

Tayo Binuyo asked:




A good sample credit repair dispute letter is the beginning of a successful credit repair campaign. There are a number of different kinds of credit repair letters. You have dispute letters to the credit bureaus, negotiation of debt letters to collection companies and cease and desist letters. One of the first credit repair letters should be written to collection agency if they are harassing you over the phone.

This is usually one of the first letter’s that is necessary during the course of your credit repair efforts. If you are lucky enough to not have collectors harassing you then you wont be needing the cease and desist letter.

The most popular sample letter for credit repair would be the dispute letter written directly to the credit bureaus. In this letter you are challenging your debt with the credit bureaus, in other words you are telling them to prove that the debt is legitimate and it should be on your credit report.

Below is a sample credit repair dispute letter that can be used to dispute debt with the credit bureaus;

Your Name
Your Street Address
Your City
State & zip code

Credit Bureau Name
Their Full Address

Dear Credit Bureau,

I am writing to formally complain that you are including inaccurate information in my credit report file.

I am upset that you have included this information in my file and have not kept my credit file up to high accuracy standards. The credit laws ensure that bureaus only report 100% accurate information. Every step must be taken to make sure the information reported is complete and accurate.

The following item below needs to be investigated. I would also like to be provided with proof of this alleged item, specific contract or note bearing my signature. If this cannot be provided the item must be deleted from my report as soon as possible:

Creditor Name, Account number (####-###)

Sincerely,

Your Signature
Your Name.

There are also specific mailing instructions that need to be followed when mailing to the credit bureaus. You need to make sure they received your letters and are working on your disputes in a timely manner.

Marilyn