TransUnion Dispute - How To
For you to dispute and remove an item on your credit report with TransUnion you must file a dispute. This is done through creating a letter yourself or hiring a credit repair service to do it on your behalf.
You should know that you must file a dispute separately with each credit bureau. Failure to do this and you may remove an item from your TransUnion report, however that item will still be shown on your Experian and Equifax reports.
In a dispute letter the disputed item must be identified and a reason as to why the item is wrong. For example; not my account, account paid, item is out of date, and etcetera.
Once TransUnion receives your dispute they will investigate the item. They will contact the collection agency or lender and verify the account, the dates on the account, and the account balance.
If TransUnion is unable to verify the item then they must remove it from your credit report. It is common for an investigation to result in the removal of an item from your credit report.
Should your item be verified a service with lawyers on their staff can use advanced dispute techniques to remove negative items. These techniques include; debt validation, escalated dispute information requests, and creditor direct intervention.
Many people are concerned with credit repair being legal or not. Credit repair is in fact legal the Fair Credit Reporting Act that Congress passed gives the consumer the right to dispute any item on their credit report that they feel is inaccurate.
It is a good decision to save all your communication with TransUnion. The credit bureaus have begun to allow people to dispute items on their credit report online, however we do not suggest you do this. We have found that disputing your report online is ineffective.
Also there is a 100 word statement that you can put on your credit report next to a derogatory item. In the past this was a place where you could provide an explanation as to why the account became delinquent.
Today if you fill in this statement then you are only verifying the accuracy of the item. If you try and dispute that item in the future your disputes will be deemed frivolous and ignored.
In sum to dispute an item with TransUnion you must create a dispute letter or have a service do it on your behalf. You do not have to just live with blemishes on your credit report they can be removed before seven years ticks away.
You should know that you must file a dispute separately with each credit bureau. Failure to do this and you may remove an item from your TransUnion report, however that item will still be shown on your Experian and Equifax reports.
In a dispute letter the disputed item must be identified and a reason as to why the item is wrong. For example; not my account, account paid, item is out of date, and etcetera.
Once TransUnion receives your dispute they will investigate the item. They will contact the collection agency or lender and verify the account, the dates on the account, and the account balance.
If TransUnion is unable to verify the item then they must remove it from your credit report. It is common for an investigation to result in the removal of an item from your credit report.
Should your item be verified a service with lawyers on their staff can use advanced dispute techniques to remove negative items. These techniques include; debt validation, escalated dispute information requests, and creditor direct intervention.
Many people are concerned with credit repair being legal or not. Credit repair is in fact legal the Fair Credit Reporting Act that Congress passed gives the consumer the right to dispute any item on their credit report that they feel is inaccurate.
It is a good decision to save all your communication with TransUnion. The credit bureaus have begun to allow people to dispute items on their credit report online, however we do not suggest you do this. We have found that disputing your report online is ineffective.
Also there is a 100 word statement that you can put on your credit report next to a derogatory item. In the past this was a place where you could provide an explanation as to why the account became delinquent.
Today if you fill in this statement then you are only verifying the accuracy of the item. If you try and dispute that item in the future your disputes will be deemed frivolous and ignored.
In sum to dispute an item with TransUnion you must create a dispute letter or have a service do it on your behalf. You do not have to just live with blemishes on your credit report they can be removed before seven years ticks away.
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posted by Credit Counseling at
7:51 AM
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