It is very disturbing to find inaccuracies in your credit report and more so if you have just been turned down for credit by some lender because of a low score. The only thought that enters one’s mind is that if these errors were not on the report my score could have been better and then maybe the loan would have got approved.
What you should do is to stay relaxed and tackle the negative items on your credit report. It is legally doable to remove any inaccurate negative remark from your report. This article is meant to tell you step wise how to dispute the negative items on your report.
How to dispute negative items on your credit report?
- Take a copy of your credit report and note all the negative items which you think are wrong.
- Now you should address the credit bureau who has reported this negative remark. The address of the same would be present on the report itself. In this letter you will need to explain each negative remark that you are disputing. If possible attach copy of any supporting paperwork that you have with you. But please do not send the original paperwork.
- All these items should be sent through a certified mail asking for a return receipt. This will act as evidence that the packet had been received.
- Now a similar letter will have to be mailed to the creditor who has reported it. Again this letter should include the copy of the relevant paperwork. You will discover the address for dispute on the billing statement. Most of the time the payment address is different.
Now the credit bureau will get back to you within a period of 30 days.
There are options available to repair bad credit and raise your credit score. Something as basic as disputing negative items can help. These items can be erased from your credit report, resulting in a significantly higher rating. Click the following link for more information on how to repair bad credit quickly and legally:
Fix Bad Credit
