How to Dispute Bad Credit

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Summary: To dispute bad credit, get a copy of your credit report, and send a letter to the credit reporting agencies that explains the problem. Consider hiring a lawyer to alleviate bad credit problems with advice from a registered financial consultant in this free video on credit scores.

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By Patrick Munro
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Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more

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Video Transcript

"This is financial adviser Patrick Munro talking about how to dispute bad credit. Well, if an individual has a credit bump in the road where it has caused their FICO score on the various credit reporting agencies to go down, it's important to get to the bottom of the matter. The first thing you must do is get a copy of your credit report. There are three credit reporting agencies. The first one is Experian. The second one is Transunion. The third one is Equifax. And they do have addresses. They're available online and you can send away for this information. And basically you put a letter attaching back to these credit reporting bureaus explaining why the problem is up for dispute and to why they may want to remove that item from your credit. Many times this is successful if you are truthful in what the experience has been. If you seek further help, you need to go through an attorney, and the attorney has ways under the fair credit debt reporting act to alleviate the situation. This is how you dispute bad credit. This is financial adviser Patrick Munro."

eHow Article: How to Dispute Bad Credit

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