The first thing you should understand is that you can challenge just about every inaccurate or outdated negative item listed on your credit report that you believe should be verified, removed or corrected.
Too Much Documentation
You don’t need much documentation to dispute a questionable item on your report. The Fair Credit Reporting Act of 1996 puts the burden of proof on the shoulders of the credit bureaus (Equifax, Experian, and TransUnion) and your creditors. The consumers do not have to prove their dispute, so documentation is not legally required to challenge items on your credit reports with the credit bureaus.
SAMPLE DISPUTE LETTER:
RE:[Dispute Category] [Report Number]
To Whom It May Concern:
I am writing today to request that the following inaccurate item be investigated and removed from my Credit Report.
Pursuant to the Fair Credit Reporting Act, I am asking that you complete the verification within 30 days.
Account Name: [Account Name]
Account Number: [Account Number]
Please forward an updated copy of my Credit Report when your investigation and changes have been completed.
Also, I will need you to inform me in writing of the results of your investigation. I appreciate your help and assistance in getting my Credit Report corrected.
[Your First Name] [Your Last Name]
SS#: [Your Social Security Number]
DOB: [Your Date of Birth]
[Your City, State and Zip Code]