Dispute Your Credit Record - Have Inaccurate Information Removed
If you find incorrect information in your credit report, or if you see a debt listed in your report that you know is not yours, you should dispute your credit record to the credit bureau in order to have the item removed.
The way to dispute an inaccurate item in your credit record is to send a letter to the credit bureau explaining why you think the item is incorrect and asking that it be removed. Send the letter and copies of any supporting documentation via certified mail, return receipt requested.
The credit bureau will forward your dispute to the lender. The lender then has thirty days to investigate the accuracy of the item and either accept or deny your dispute. If the lender fails to respond to the dispute within 30 days, the dispute is considered verified as accurate and the item will be removed from your credit report automatically in thirty days.
If you have been a victim of identity theft, you will need to get the authorities involved in helping you dispute your credit record. Begin by reporting any information about the theft occurrence to your local police department. They will begin an investigation of your case and will direct you to other agencies that can help you as well.
It may take some time and a lot of communication to prove the debt was not incurred by you, and that you are not responsible. But be persistent and you will eventually have this invasion removed from your credit report.
If you are having a difficult time getting a derogatory item removed from your credit report, you are allowed to submit to the credit bureau, a one hundred word statement with an explanation of any extenuating circumstances regarding the debt. Although this statement does not act to remove the item from your credit record, it at least offers an explanation to potential creditors your version as to why the item is being reported.
If you find inaccurate information in your credit report, you should dispute your credit record to the credit bureau in order to correct the inaccurate information. Be persistent and you will be successful.
Bob Perlling writes about credit repair, debt management and personal financing solutions. Special emphasis is given to the problem of derogatory credit histories in credit reports and what you can do to legally repair or erase them.
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Source: http://ezinearticles.com/
Added: June 19, 2008
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