Dispute Equifax
A dispute can be filed with Equifax by creating a dispute letter and mailing it to them. In your letter you will need to include a reason as to why the listing is inaccurate.
There are two options to do this; you can do it yourself or hire a credit repair service to do it on your behalf. However be aware if you do it yourself that you must send a letter to each credit bureau.
This means if you have a charge off on your Equifax credit report then you will have to send a dispute letter to Equifax. In addition if that charge off is on your Experian and Transunion credit report you will have to send a dispute letter to them also.
Reasons to dispute a listing are; item is out of date, information is wrong, not my account, account paid in full, and more. The Fair Credit Reporting Act says that you have the right to dispute any mark on your credit report.
In addition this act says that any mark that can not be verified must be removed from your report. This is what the dispute process is based upon.
When the bureaus receive your dispute they will investigate. During this investigation they will contact the creator of the item and request verification of the account, the dates, and the balance.
If the mark can not be verified then it is removed from your credit report. Often an investigation results in the removal of bad credit. This is a result of many businesses being unwilling to spend the time and money verifying disputed debts.
Before the bureaus will investigate your dispute they must deem it valid. There is no clear definition of what a valid dispute is.
It is common for bureaus to respond to a dispute letter with another letter that requests more information about the dispute. This is said to be a stall tactic the bureaus use to avoid conducing and investigation.
This is because there is no money to be earned from the dispute process. It however will cost the bureaus time and money to investigate.
I suggest hiring a service if you have considerable damage to your credit. However if you only have minor damage such as one or two negative listings then you can dispute your report yourself. If you do it yourself just be patient and persistent.
In sum you can remove bad credit items before seven years. You can dispute the bureaus and have the negative item removed.
There are two options to do this; you can do it yourself or hire a credit repair service to do it on your behalf. However be aware if you do it yourself that you must send a letter to each credit bureau.
This means if you have a charge off on your Equifax credit report then you will have to send a dispute letter to Equifax. In addition if that charge off is on your Experian and Transunion credit report you will have to send a dispute letter to them also.
Reasons to dispute a listing are; item is out of date, information is wrong, not my account, account paid in full, and more. The Fair Credit Reporting Act says that you have the right to dispute any mark on your credit report.
In addition this act says that any mark that can not be verified must be removed from your report. This is what the dispute process is based upon.
When the bureaus receive your dispute they will investigate. During this investigation they will contact the creator of the item and request verification of the account, the dates, and the balance.
If the mark can not be verified then it is removed from your credit report. Often an investigation results in the removal of bad credit. This is a result of many businesses being unwilling to spend the time and money verifying disputed debts.
Before the bureaus will investigate your dispute they must deem it valid. There is no clear definition of what a valid dispute is.
It is common for bureaus to respond to a dispute letter with another letter that requests more information about the dispute. This is said to be a stall tactic the bureaus use to avoid conducing and investigation.
This is because there is no money to be earned from the dispute process. It however will cost the bureaus time and money to investigate.
I suggest hiring a service if you have considerable damage to your credit. However if you only have minor damage such as one or two negative listings then you can dispute your report yourself. If you do it yourself just be patient and persistent.
In sum you can remove bad credit items before seven years. You can dispute the bureaus and have the negative item removed.
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For a free sample dispute letter or to learn more about how to remove bad credit items such as a charge off visit us.
posted by Debt Consolidation Loan at
9:37 AM
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