Credit Report Dispute Letter Formats
2010
Part II: Regarding credit report disputes…?
The items that I was refering to is past the seven year mark. And on the credit report it states when each item will be removed from the report. The question is…is there an acceptable way or format used to dispute an item. What specifically should be included in the dispute letter? Should I certify and/or track the letter?
OK, lets clean up the bad answers.
1) Don’t waste a stamp sending letters to the attorney general, FTC, BBB, FBI, CIA or any other agency…they will not help you. Been there, done that. They will only add your letter to a pile of other complaints, then when the pile is big enough they MAY look into it. It rarely happens. If they do, it will be in the form of a class action…you will end up getting nothing.
2) If you send a letter to the credit bureau to dispute it, here is what will happen. By law, they must “validate” this information, meaning they have to ask the creditor if the information they have is accurate. They do this by sending your dispute to the creditor who posted the information. The creditor will notify the credit bureau that it’s accurate, and the negative item stays. No “investigation” is ever done. The credit bureau did their job, and they are now off the legal hook. You got nowhere.
Now here is what you need to do:
http://www.creditinfocenter.com/rebuild/debt_validation_workflow.shtml
This is a flowchart and timeline, giving you step-by-step instructions on what to do. Read over the rest of their site, as it contains other excellent information.
Specifically, you need to send the creditor a demand to “validate” the debt. In it, demand that they show the “delinquency date” and proof of it. That will be in the form of the last bill you received, plus the first demand letter you received. If they can not produce this, they need to delete this entry, or risk a lawsuit.
You can easily file a small claims suit by yourself. If you follow these procedures you will win $1000 very easily, plus court costs.
Copy & Paste Credit Dispute Letter Tutorial.mp4
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