How to Make Credit Report Disputes
You can make credit report disputes if after receiving your credit report,
you noticed any type of error. Perhaps there was an outdated listing or a
listing you are unfamiliar with. Make sure that for each listing on your
credit report, you check the personal identification information. Experian
Free Credit Report explains a listing that is not yours can end up on your
report because it seems to match up with your details. You must dispute
these types of errors right away to help keep your credit report accurate
and to prevent more of these mistakes from happening.
After you have made sure that each of the incorrect personal detail listings
has been accounted for, make sure to identify any other damaging details on
your credit report. List each detail from the most to least damaging. A
bankruptcy file, for example, is far more damaging than a late payment or
credit rejection on your credit report and needs to be dealt with first.
You can begin writing letters of dispute as soon as you have identified all
of the disputable listings. Each listing must be written and mailed in a
separate letter except for incorrect personal data disputes. Disputing
several items at once may actually cause the agency to reject your claim on
the grounds of it being irrelevant. Be prepared because the credit reporting
agencies may become hostile or threaten you claiming that your requests are
frivolous or illegal. Credit reporting agencies, however, are required by
law to investigate every dispute and accept it as legitimate unless they
have evidence to prove it is not.
When you send a letter of dispute, address it to each of the three credit
reporting agencies, even if these disputable listings only appear in one or
two of the reports, so that these items do not appear on your other credit
reports.
Also consider handwriting the letters instead of typing them. Use strong,
clear language so the credit reporting agencies know the mentioned listing
is being disputed. Use terms such as erroneous, outdated, misleading or
unverifiable. Avoid explanations as they are not useful to credit reporting
agencies. Credit reporting agencies only need to know the listing you are
disputing so that they can investigate it.
It will take up to four weeks to receive a reply from the credit reporting
agency. The reply will state your letter has been received and your dispute
is being investigated. After two to four more weeks, you will receive a new
credit report to confirm that the item has been removed from you report.
Once you have received your updated credit report, you can then send out
your next dispute letter until all of the incorrect listings have been
disputed. Credit reporting agencies can be slow to respond, some may not
respond at all. If the credit reporting agency has not replied to you, send
another letter to them to remind them that they are obliged by law to
address your dispute.
There are of course legal services available that will help you dispute the
items for a fee if you do not fell that you can dispute the items yourself.
Remember that credit reporting agencies are required by law to investigate
all credit report disputes no matter how many you have.
