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Write a dispute letter like a pro!

By George Hauser
Published: Sunday, September 20th, 2009

Nowadays there are many self-help programs and even a credit score advice to handle your credit report and boost your credit scores. But what if one day you after your application for loan has been denied, you suddenly had that nagging instinct to get a copy of your credit report and that’s when you see some errors that’s had a significant effect on your credit scores. This is where you need to act immediately and challenge that piece of information on your credit report to stop further damaging effects on your credit scores. You need a credit score advice.

The law would be your no.1 ally in his battle since Congress enacted the Fair Credit Reporting Act (or FCRA), to serve as a shield of protection for people who are very weak and vulnerable in these incidents. A provision in the said act provides that consumer to challenge any piece of information on his credit report on the basis of “completeness and accuracy.” How does one utilize this very powerful right given by the law? After pointing out the particular information in your credit report deemed inaccurate, a dispute letter would first be drafted. This dispute letter would contain the complaints you are suppose to inform the credit bureau of especially the ones that affect your credit scores. This letter may sometimes be troublesome since it involves a lot of time and effort to write one especially one that is effective in carrying your message across.

A credit score advice will tell you what you need to know for a dispute letter; it doesn’t have to be very formal you just have to start it by writing your complete name, complete mailing address, the consumer’s date of birth and social security number, social security number and the specific account number being question and the reasons or reason’s for complaining. You also have to state your prayer or desired outcome for the complaint. In any occasion whether personally talking with someone or writing a letter, politeness is a key factor to get your message across. In case you are to dispute several information, be sure to separate each one and partner it with the reasons why you are raising such inquiry and desired outcome for that particular item or issue in your dispute letter. End with a sincere thank you. A mention or two of gratitude towards the people concern may be a plus factor in getting a speedy reply. Closing these kinds of letters would be enough. Don’t go putting your signature at the end of your dispute letter since it could ruin the document when ink seeps to the next page.

After receipt if these dispute letters questioning unverifiable or even false information, the credit bureau’s employees won’t have the first look. It’s a machine called OCR or Optical Character Recognition which captures the text of your letter to compare with the thousand of letters they have already received. This where the form of the letter is checked and if it is deemed unique by the OCR it is automatically placed into their internal system. If your dispute letter fails to “please” the OCR it is reviewed by the personnel of the bureau. And this is where errors occur not excluding the time added to the process.

After submission you wait. This is where your patience is tested because sometimes you have to follow-up your complaint. Generally you wait for about 30-45 days and hope that the credit bureau get to respond and look into your case of inaccurate information or even identity theft that you’ve discovered in your credit reports. If lucky you get to gain back your good credit scores.

Know your rights through a credit score advice. Not only can you save your self financially in the future, but with a credit score advice, you can manage everything today!

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