Credit Repair Help: What You Need To Dispute A Negative Entry |
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| By: Tiffani G Peterson | ||||
Go to www.annualcreditreport.com and access your credit report from each of the three credit reporting agencies. They'll want personal details like your date of birth, social security number and two years of prior addresses. You'll be directed to each of the reporting agency's websites individually. You'll have 30 days to access your reports though what you see won't be updated during that time. Print out copies for your records. Highlight any negative entries. Creditors don't always report everything to every agency so look for differences on each report. If they remove a negative item the are required to notify the other agencies so they can remove it as well if they have it recorded. Next you'll write a letter to each of the reporting agencies explaining why each negative item should be removed. If you have good credit that's not been reported, you can mention that too as long as you have documentation to back it up. Otherwise, contact the appropriate creditors and ask them to report the accounts. As you list items to dispute, include all the info they have listed so there's no question regarding which account you're disputing. Tell them exactly why you're disputing it. If you're just not sure about it, you can say you don't recall having that account. If you do remember it and realize it's valid, the best you can do is negotiate with the creditor that put it there. Most larger creditors have staff dedicated to verifying accounts so don't list things just because you think they won't have time to respond. Include your full name (incl. middle name and generation), current mailing address, date of birth, social security number, complete mailing addresses for the last two years. You must also include a copy of a government issued ID AND a copy of a utility bill, insurance or bank statement. Verification that's NOT valid: credit card statements, voided checks, lease agreements, magazine subscriptions, or post office forwarding orders. These documents only will work. Otherwise the agencies will send you a letter saying you didn't include enough information to identify yourself. Send your letter USPS certified mail. You run the risk of them "losing" your letter if you don't. You having no way to verify you sent it without certifying it. You can track the certified letter delivery online. The agencies are required to investigate and verify each item within 30 days or delete it off your record. That's it. You can now take steps to start building better credit. |
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| Article Source: http://yourfinance.co.za | ||||
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