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Common reasons for a dispute are; account is not mine, account paid in full, item is out of date and more.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.
An investigation often results in a negative mark being removed. This is because many businesses will not spend the time and money to verify a disputed item.
It is rumored that during an investigation public records are not checked. This means that there is a high rate of success in disputing judgments and foreclosures.
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.
Often dispute letters will result in a return letter from the bureaus requesting more information about the dispute. In addition each bureau needs to be disputed separately.
This means organizing your disputes can become a challenge on its own. Many services can also use advanced dispute techniques in case a bad credit item is verified. These techniques include; creditor direct intervention, escalated dispute information requests, and debt validation.
Also services will have attorneys on their staff. This enables you to go to court should it be required and file a lawsuit against a collection agency if you are the victim of illegal collection practices.
It is your responsibility to remove inaccurate or unverifiable bad credit marks from your report. There are estimates that 1 in every 4 Americans has a bad credit mark that is inaccurate or unverifiable on the credit report.
In sum, dispute any inaccurate or unverifiable bad credit marks on your report. You do not have to wait 7 years for a mark to be removed from your credit.
Common reasons for a dispute are; account is not mine, account paid in full, item is out of date and more.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.
An investigation often results in a negative mark being removed. This is because many businesses will not spend the time and money to verify a disputed item.
It is rumored that during an investigation public records are not checked. This means that there is a high rate of success in disputing judgments and foreclosures.
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.
Often dispute letters will result in a return letter from the bureaus requesting more information about the dispute. In addition each bureau needs to be disputed separately.
This means organizing your disputes can become a challenge on its own. Many services can also use advanced dispute techniques in case a bad credit item is verified. These techniques include; creditor direct intervention, escalated dispute information requests, and debt validation.
Also services will have attorneys on their staff. This enables you to go to court should it be required and file a lawsuit against a collection agency if you are the victim of illegal collection practices.
It is your responsibility to remove inaccurate or unverifiable bad credit marks from your report. There are estimates that 1 in every 4 Americans has a bad credit mark that is inaccurate or unverifiable on the credit report.
In sum, dispute any inaccurate or unverifiable bad credit marks on your report. You do not have to wait 7 years for a mark to be removed from your credit.
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To learn how to proceed with an experian dispute or equifax dispute and remove bad credit items from your report visit us.
posted by Debt Consolidation Loan at
1:35 PM
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