Unbiased Guidebook to Disputing Negative Information Found On Your Credit Report

In DIY Credit Repair of Advisor (January 10, 2009 9:25 am)

Your credit report changes constantly depending on your spending habits or especially in the event that you have become a victim of fraud. To protect yourself, it is important to get a free copy of your free triple score credit check at least twice annually. To take it a one step further, you may choose to get identity protection or sign up to receive an updated copy of your report monthly.

If you find that you have an error on your credit filereport that you need to dispute, you can either do it yourself or hire a professional credit repair. If you choose to handle re-establishing your credit worthiness yourself to avoid spending cash, you will have to know the process. You will need to collect all pertinent information regarding the erroneous post to your credit and write the credit bureaus and the collection agency.

First thing you will need to do is send a letter to the credit bureaus that has the negative listing on your report. You will need to specify exactly why you believe that the information on your credit bureau report is not valid. For example you will have to provide proof of whether the information is false, reported wrong or is fraudulent. If you can provide proof of your claims such as a receipt, old statement or a police report, you should include them in your correspondence.

The next people you should correspond with will be the actual creditor or collection agency that placed the negative item on your credit bureau. When you write the creditors it is important that you have a copy your free triple score credit report with you so you can include all important information from your report to your letter. Your letter should ask your creditors to provide proof of your negative account with them. It is important that you send your letter certified mail to ensure that your correspondence is received. You must also make sure to keep copies of all your letters for future reference.

After your letters have been sent, the credit agency will investigate your claims and will respond back to you within 30 to 45 days. Your creditors or collection agencies will have 30 days to verify and provide proof that the negative item(s) on you credit reported correctly. If proof cannot be furbished within that time period, then they will have to eradicate the negative item(s). This process can take several months of correspondence before it is resolved, but if you truly believe that the information on your report is incorrect, then it will be well worth it.

The steps to fixing negative credit report can be time consuming. That is the reason that I truly recommend that you give the utmost importance to protecting your credit bureau report. Remember if you are not keen or just do not have the time to handle the process of fixing your credit bureau report; you can always hire a professional credit counselor for a reasonable price.

For the answers to how do I get out of debt question - read this post and watch the video.

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