How to Dispute Equifax
You can dispute a bad credit listing on your Equifax credit report by creating a dispute letter. In your letter you must identify the disputed listing and provide an explanation as to why it is incorrect.
There are two options to do this; you can do it yourself or hire a credit repair service to do it on your behalf. However be aware if you do it yourself that you must send a letter to each credit bureau.
This means that simply disputing an item with Equifax will not remove the item from your Transunion or Experian credit report. Instead you will have to send each of the bureaus a dispute letter.
Common reasons to dispute a bad credit item include; information is wrong, item is out of date, account paid in full and more. The Fair Credit Reporting Act passed by congress gives you the right to dispute any item on your credit report.
In addition this act says the bureaus must remove a listing from your report if it can not be verified. This act is what the dispute process is based upon.
When the bureaus receive your dispute they will investigate. During this investigation they will contact the creator of the item and request verification of the account, the dates, and the balance.
In the item is not verified then the bureau must remove it from your credit report. Frequently investigations will result in the removal of bad credit from your report. This happens because many businesses are not willing to spend the resources to verify disputed debts.
However before the bureau will investigate your dispute they must say it is valid. There is no clear cut definition of what a valid dispute is.
It is common for bureaus to respond to a dispute letter with another letter that requests more information about the dispute. This is said to be a stall tactic the bureaus use to avoid conducing and investigation.
This is because it will only cost the bureaus money to investigate disputes. The bureaus customers are businesses and only because of government law is there a dispute process.
I suggest a credit repair service if you have multiple listings you wish to dispute. However you can repair your credit yourself if you have minor damage, be patient and persistent.
In sum you can remove bad credit items before seven years. You can dispute the bureaus and have the negative item removed.
There are two options to do this; you can do it yourself or hire a credit repair service to do it on your behalf. However be aware if you do it yourself that you must send a letter to each credit bureau.
This means that simply disputing an item with Equifax will not remove the item from your Transunion or Experian credit report. Instead you will have to send each of the bureaus a dispute letter.
Common reasons to dispute a bad credit item include; information is wrong, item is out of date, account paid in full and more. The Fair Credit Reporting Act passed by congress gives you the right to dispute any item on your credit report.
In addition this act says the bureaus must remove a listing from your report if it can not be verified. This act is what the dispute process is based upon.
When the bureaus receive your dispute they will investigate. During this investigation they will contact the creator of the item and request verification of the account, the dates, and the balance.
In the item is not verified then the bureau must remove it from your credit report. Frequently investigations will result in the removal of bad credit from your report. This happens because many businesses are not willing to spend the resources to verify disputed debts.
However before the bureau will investigate your dispute they must say it is valid. There is no clear cut definition of what a valid dispute is.
It is common for bureaus to respond to a dispute letter with another letter that requests more information about the dispute. This is said to be a stall tactic the bureaus use to avoid conducing and investigation.
This is because it will only cost the bureaus money to investigate disputes. The bureaus customers are businesses and only because of government law is there a dispute process.
I suggest a credit repair service if you have multiple listings you wish to dispute. However you can repair your credit yourself if you have minor damage, be patient and persistent.
In sum you can remove bad credit items before seven years. You can dispute the bureaus and have the negative item removed.
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For a free sample dispute letter or to learn more about how to remove bad credit items such as a charge off visit us.
posted by Credit Counseling at
10:13 AM
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