It is a well known fact that the Fair Credit Reporting Act gives us the rights to dispute the incorrect information mentioned in our credit report. However, most of us do not know how to file a credit report dispute. Here are a few steps which may help you file a credit report dispute:

1. Letter to the credit bureau: You’ll have to write a letter to your credit bureau mentioning the item that you want to dispute. If you want to dispute two separate items, then send two separate letters to the bureau. You should also demand a return receipt of the letter. You should mention your name, social security number and address in the letter for verification.
2. Wait for 30 days: Once you receive the return receipt from the credit bureau, you’ll have to wait for 30 days. This is the time period required by credit bureau to investigate the item and remove it from your credit report.
3. Demand Letter: After 30 days have passed and if you did not receive a verification of the disputed item from the credit bureau, send them a demand letter. In this demand letter, you should ask the bureau to remove the item from your credit report as the investigation period of 30 days is over. You should even attach a copy of your dispute letter and return receipt with the demand letter.
4. Wait for 15 days: You should at least give the credit bureau a time period of 15 days to reply to your demand letter. (more…)