By: Arthur Cooper
Submitted: 2011-04-06 11:51:01 | Word Count: 664
In disputing a credit agency, a letter that details your discrepancy and requests for necessary action to be taken to rectify the situation is your weapon of choice. You want to write a letter that is thorough, professional, knowledgeable and assured. Your credit letter is a vital tool as it is used to right any wrongs and clears any misunderstanding surrounding your credit. There is nothing of greater importance than your credit standing as a consumer. You credit can potentially affect where you live, your insurance, your loan leverage and even your employment. It is essential to ensure that all things are accurate and up to date with your credit history so that you may remain in good standing as a consumer or job candidate on the market.
The great news is that under the Fair Credit Reporting Act the credit reporting company and the person or organization that provides information about you to a credit reporting company are responsible for correcting incomplete or inaccurate information in your report. The credit reporting company then has 30 days to investigate and address your discrepancy. If it is decided that a mistake was made on your report the company will likely remove the mistake or alter your report with the new information. In this instance, you want to continuously check with the reporting company to ensure that the situation has been taken care of. If it is found that the reporting company doesn’t see any error in their reports you may file an appealing letter. You may also add a statement to your credit report about the issue at hand to serve as a FYI for any parties that may use your credit report for final decision making.
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Writing a letter to a credit agency can seem overwhelming. Trust, it doesn’t have to be. Simply be sure to include all proof of your argument in the letter including statements, receipts, etc so that the decision making process regarding your concern will be made easier.
CreditElves are experts in letter writing to credit agencies and have been assisting parties with successfully disputing any discrepancies regarding credit for years on end. CreditElves specializes in offering clients letters that ensure desired results for your concern. A sample credit letter can be found below:
Today’s Date
Your Full Name
Current Address
Current Phone Number
This letter is a formal request to correct inaccurate information contained in my credit file. The item(s) listed below is/are completely (insert appropriate word(s) {inaccurate, incorrect, incomplete, erroneous, misleading, outdated} ). I have enclosed a copy of the credit report your organization provided to me on {insert date of report here} and circled in red the item(s) in question.
Line Item: {insert name of creditor, account number or line item number)
Item Description: (this info is found on your credit report)
Requested Correction: (describe exactly what you want. If you want an item deleted say so and explain why. If you want an item corrected or updated, provide the correct information such as names, dates, amounts and so forth and any evidence to support your claim).
In accordance with the federal Fair Credit Reporting Act (FCRA), I respectfully request you investigate my claim and, if after your investigation, you find my claim to be valid and accurate, I request that you immediately {delete, update, correct} the item.
Furthermore, I request that you supply a corrected copy of my credit profile to me and all creditors who have received a copy within the last 6 months, or the last 2 years for employment purposes. Additionally, please provide me with the name, address, and telephone number of each credit grantor or other subscriber that you provided a copy of my credit report too within the past six months.
If your investigation shows the information to be accurate, I respectfully request that you forward to me a description of the procedure used to determine the accuracy and completeness of the item in question within 15 days of the completion of your re-investigation as required by the Fair Credit Reporting Act.
I thank you for your consideration and cooperation. If you have any questions concerning this matter I can be reached at (insert daytime phone number including area code).
Sincerely,
Signature
Your Printed Name
Keep in mind that this is a generic letter that should be tailored to specifically fit your need. If you would like further assistance with your letter writing or you have any questions please feel free to contact www.creditelves.com. Professionals are standing by to help today!
