A credit dispute letter includes identification of the disputed item as well the company or entity that made the error, clarifying whether the item is inaccurate or incomplete, describing why the item is inaccurate or incomplete, and clarifying the desired action, according to the Federal Trade Commission. It is also a good idea to include a copy of the original letter with the charge or item in question.Continue Reading
You should send credit dispute letters by certified mail and request a return receipt, notes the Federal Trade Commission. It's best to save a copy of the letter and the response for personal files.
Unless thought of as frivolous, credit-reporting companies have to look into credit disputes within 30 days, reports the Federal Trade Commission. The credit-reporting company then acts as a liaison between you and the organization accused of the inaccuracy. As of 2016, if the organization agrees the item is inaccurate, it must then inform all three credit reporting companies in order to correct the item on all three credit reports.
After a credit-reporting company completes its investigation, it has a legal obligation to send the results in writing along with a free credit report in the event the report changes, notes the Federal Trade Commission. The changed report doesn't count as a yearly complimentary report.Learn more about Credit & Lending