How to Write an Effective Credit Dispute Letter

Having good credit helps you get low interest rates on mortgages and car loans, but having an error on your report can also mar your credit. Even something simple as a misspelled name or a wrong address can make creditors wonder if something is up. Under the federal Fair Credit Reporting Act, credit bureaus must correct inaccurate information on reports if they are contacted in writing to dispute the information.

Instructions

1. Carefully review your credit report for any errors and inaccurate information. Make note of any and all inaccuracies.

2. Write the letter in a business format. Provide your full name and address. Address the letter to the "Complaint Department" or the "Error Resolution Department." Include a copy of your credit report and circle the specific items that are inaccurate.

3. Tell the department that you are writing to dispute information on your credit report and clearly indicate which items need correction.

4. Request what you would like to have done with this inaccuracy such as having the information removed from your report.

5. Mention that you are enclosing copies of your credit report as well as any supporting documents such as cancelled checks, court documents or payment records to support your case. Ask them to investigate the matter and tell them that you would like to have the matter resolved as quickly as possible. Credit reporting companies must investigate the matter within 30 days of receiving notification.

6. Close your letter by thanking them for their time. Sign and date the letter and send it certified mail.

References

• Federal Trade Commission: How to Dispute Credit Errors