Increase My Credit Score
If you want to learn how to fix credit, then learn to Write a Credit Dispute Letter
I’m all about, increase my credit score , but every increase in credit score starts with the process of claiming there are reporting errors on your credit report. There is only one way to learn how to fix credit and that is with the dispute.
The key to raise credit scores is to write a good Credit Dispute Letter. When you decide it’s time to improve credit scores, you have to start here. Credit repair services will offer to do this work for you, but if you are on a budget or just want to take control of your credit report, you can draft a collection dispute letter yourself.
There is no mystery to drafting the dispute letter but there some considerations you need to address when you start. For example, who are you writing to? If a collection agency is calling, there is no reason to contact the credit card company because they have long sold your debt to an outside collection company. This is evidenced by the term charge off on your credit report. You can learn more about credit card forgiveness and how to settle credit card debt at this great site.
Assuming the credit card company or original creditor nonetheless has your debt, your credit score dispute letter will go to them. Send the dispute letter to the same address you commonly would use to mail your payments. Make sure you use certified Mail-return receipt to document they received your mail and note the date the letter was signed for.
The law gives the three credit reporting agencies 30 days to complete their credit dispute investigation. This can be interrupted and postponed if they need more information from you. For instance, did you include validation of identity when you sent your dispute letter? Your letter should include copies of your identification as well as a utility bill copy so scammers don’t get the personal information the reporting agency will be sending out.
Did you send in all your corroboration for dispute purposes, like cancelled check copies? If you piecemeal this information to the reporting agency, your investigation will be extended and time is your friend. You want the strict 30 day rule to control the investigation because there is a good probability the creditors will not be ably to comply. If they exceed their statue the negative remark must be stricken. Don’t make it easy for them by being disorganized.
If you are dealing with a collection agency, you can use the same dispute tactics, but you will be dealing with a much more aggressive situation. Often commissioned, collectors can seem like they have on mercy as they call you day and night. Keep in mind that their original purchase for your debt may only be 10% of the amount due, but you would never know this as they collect hard.
To alleviate the continuous telephone calls you will need a Cease & Desist Letter telling them to contact you only by mail. We provide a copy on our website.
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