Q:

What is a good credit dispute letter template?

A:

Quick Answer

A good credit dispute letter should include the debtor's name and Social Security number, along with all the information regarding the entry being disputed. The explanation should be short and to the point and should state why the debtor believes the item is incorrect.

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Full Answer

Writing a letter disputing a credit report is a good way to clear up charge-offs, collections and past due items that can raise a debtor's credit score. The Fair Credit Reporting Act affords consumers the right to verify their credit report and seek removal of entries that are incorrect.

When writing a letter to dispute an item on a credit report, the debtor needs to make sure he has all the supporting documentation that backs up his claim as to why the report is incorrect. After the letter is drafted, the debtor should keep a copy for himself and mail the original to the creditor that owns the debt. If the debtor is successful and the creditor finds the information is incorrect, the creditor must inform all three credit reporting agencies of the error. The agencies must then remove the incorrect information. Debtors can also file a dispute directly with the credit reporting agencies instead of going through the creditor.

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