Effective Credit Dispute Letters
It is absolutely imperative that your credit report accurately reflects your personal information as well as your credit history. Whether you are applying for a loan, buying insurance, or renting a home, your credit report will be evaluated before nearly every major transaction in your life. If you are dealing with an inaccurate credit report, you understand all too well that human error can absolutely have an adverse effect on your credit.
Fortunately, you have options for recourse in these situations. The first step in correcting errors on your credit report will be to write a credit dispute letter. While these letters can prove useful in solving the problem, composing them can be tricky.
How to Write an Effective Credit Dispute Letter
If you are considering writing a credit dispute letter, the following are steps that you want to take to better ensure that your credit situation is resolved without having to resort to legal action:
- Specifically address every mistake or issue with your credit history
- Properly document evidence that supports your claim of errors
- Firmly request that the errors be addressed and corrected in a timely fashion
Credit reporting companies have an obligation to investigate credit disputes within thirty days of receiving the letter; however, these companies are allowed to dismiss “frivolous” claims. The bankruptcy attorneys at Gagnon, Peacock & Vereeke, P.C. know how to ensure that your claim is taken seriously and not wrongfully denied.