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dispute errors

Posted on: 03rd Feb, 2007 02:02 pm
If I want to dispute errors in my credit report with the bureau, what steps I need to take, any suggestions will be helpful.
Hi Granholm,

Welcome to Mortgagefit forum.

Under laws (FCRA), both the reporting bureau and the creditor are responsible for correcting errors in your report .

Contact the credit bureau in writing about the information you think is inaccurately reported. Include copies of documents as proof that support your position about the debt and your letter needs to clearly identify the items you want to dispute. Mention all the facts and provide an explanation as to why you are disputing the information. You can also enclose a copy of your report and circle the wrong entries.

Send your dispute letter through certified mail, with return receipt requested, so that you are in a position to document your position in case you intend to take any further legal actions. Also keep copies of the dispute letter and all the enclosures you will be sending.

Colin
Posted on: 03rd Feb, 2007 02:47 pm
As Colin said, if you send a dispute letter to the reporting agency, they must investigate the item(s) in question within thirty days. They are also required to send all the details you have provided to the company which actually provided that information to credit bureau.

After the company receives the notice about the dispute, they must investigate, review all related information and report back to the bureau the results of their findings. If the creditor finds the information to be inaccurate, then it must inform all the 3 bureaus so that they can correct the information in your file.

When the bureau receives the information back from the creditor, they are supposed to give written information about it and also a free copy of your credit report in case the information has been changed. This report is not considered as the annual report you are supposed to receive normally each year.

The credit bureau will also send notice about the correction to all the parties who received your report in the last 6 months if you so desire. This same corrected copy can also be sent to all such concerned people who had received it in the past 2 years regarding your employment purposes in you ask for it to be sent to them.

In a situation where the dispute did not resolve, a statement of your dispute can be included in your file & in future reports if you ask it to be included.

Hope this information helps.

Thanks
Blue
Posted on: 03rd Feb, 2007 03:05 pm
I have accounts with some creditors which do not apprear in my credit file, what I can do for them to be included in my report.
Posted on: 03rd Feb, 2007 03:13 pm
You can ask the credit bureau to add the information about that account in your future reports. The bureaus are not required to do so, but they can add such information for a fee for verifiable accounts. However, the items will not be updated in your file if the creditor does not report them on a regular basis to the bureau.
Posted on: 03rd Feb, 2007 03:25 pm
thanks for the help colin and blue, if you can give the format of dispute letter or the way I should make it, I am not aware how to write one, thanks again.
Posted on: 03rd Feb, 2007 03:29 pm
Hi Granholm,

This is one of the common formats for writing a dispute letter; you can change it in a way which suits your situation –
"Date
Your Name
Your Address, City, State, Zip Code
Complaint Department

Name of Company
Address
City, State, Zip Code

Dear Sir or Madam:

I am writing to dispute the following information in my file. I have circled the items I dispute on the attached copy of the report I received.

This item (identify item(s) disputed by name of source, such as creditors or tax court, and identify type of item, such as credit account, judgment, etc.) is (inaccurate or incomplete) because (describe what is inaccurate or incomplete and why). I am requesting that the item be removed (or request another specific change) to correct the information.

Enclosed are copies of (use this sentence if applicable and describe any enclosed documentation, such as payment records, court documents) supporting my position. Please reinvestigate this (these) matter(s) and (delete or correct) the disputed item(s) as soon as possible.

Sincerely,
Your name

Enclosures: (List what you are enclosing.)"
Colin
Posted on: 03rd Feb, 2007 03:32 pm
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