Praise the Lord saints.
It’s tax time again and most will be looking to upgrade to a newer car, house, etc.
Before you do, you might want to get a new updated credit report to see what’s on them, Yes get all three because there might be discrepancies because they don’t speak to one another. However, if one drops something off, they all have to.
These are the most commonly used letters designed to rebuild your credit. Use them word for word, but of course, input your personal info before sending off.
It’s suggested that when you send them off, pay a little extra for a return signature receipt green card. In that way, they can’t say they never received the letter.
If they do not reply in 30 days, by law they have to remove the disputed item.
Remove Inquiry—Creditor
<Creditor Name Here>
Credit Bureau Dispute Department
Fax #: <Fax Number Here>
Date:
RE: Unauthorized Credit Inquiry
According to my most recent credit report, your company is currently reporting to the three credit bureaus that I applied for credit with your organization. I did not grant you authorization to review my credit report.
The Fair Credit Reporting Act requires that a creditor be able to verify the written authorization of the consumer giving the creditor permission to review their credit. If you can provide a copy of a credit application authorizing the disclosure of my credit files with my signature, I will accept the inquiry. If a signed authorization cannot be found please remove the inquiry from the three main credit bureaus.
The presence of this inquiry is adversely affecting my credit report and is impeding my ability to obtain necessary credit. Time is of the essence so I would greatly appreciate a response from you within thirty (30) days.
Please mail me the copy of the signed application or a letter indicating you intention to delete the inquiry.
Thank you,
<You name>
<Your SSN Here>
Dispute Items – Credit Bureau – Example #1
<Your Name and Address Here>
<Addressee Name Here>
Date:
Dear Sir/Madam:
I am writing to dispute the validity of the above referenced item pursuant to the Fair Credit Reporting Act. The Fair Credit Reporting Act requires you to verify the validity of the item within 30 days. If the validity cannot be verified, you are obligated by law to remove the item.
In the event that you cannot verify the item pursuant to the Fair Credit Reporting Act, and you continue to list the disputed item on my credit report I will find it necessary to sue you for actual damages and declaratory relief under the Fair Credit Reporting Act. Because the Fair Credit Reporting Act provides concurrent jurisdiction in federal and state courts, I shall elect to use the <insert jurisdiction in which you reside, e.g. Multonomah County (OR) Superior Court> to bring appropriate action against you.
While I prefer not to litigate, I will use the courts as needed to enforce my rights under the Fair Credit Reporting Act.
I look forward to an uneventful resolution of this matter.
Sincerely,
Signature
<Your Name Here>
<Your SSN Here>
Dispute Item – Creditor or Credit Bureau – Example #2
<Your Name and Address Here>
<Addressee Name Here>
Date:
RE: Account # _________/ Original Creditor’s Name
Dear Sir/Madam:
This letter is a formal complaint that you are reporting inaccurate and incomplete credit information.
I am distressed that you have included the information below in my credit profile and that you have failed to maintain reasonable procedures in your operations to assure maximum possible accuracy in the credit reports you publish.
Credit reporting laws ensure that bureaus report only 100% accurate credit information. Every step must be taken to assure the information reported is completely accurate and correct.
The following information therefore needs to be re-investigated. I respectfully request to be provided proof of this alleged item, specifically the contract, note or other instrument bearing my signature. Failing that, the item must be deleted from the report as soon as possible:
Name of Creditor/Agency, Account #__________
The listed item is entirely inaccurate and incomplete, and as such represents a very serious error in your reporting. Please delete this misleading information and supply a corrected credit profile to all creditors who have received a copy within the last six months, or the last two years for employment purposes.
Additionally, please provide the name, address, and telephone number of each credit grantor or other subscriber.
Under federal law, you have thirty (30) days to complete your re-investigation. Be advised that the description of the procedure used to determine the accuracy and completeness of the information is hereby requested as well, to be provided within fifteen (15) days of the completion of your re-investigation.
Sincerely,
Signature
<Your Name Here>
<Your SSN Here>
Validate Debt Item—Collector – Temporarily Stops Collection by Law
<Your Name and Address Here>
<Addressee Name Here>
Date:
RE: Account #___________/Original Creditor’s Name
Dear Sir/Madam:
Thank you for your recent inquiry. This is not a refusal to pay, but a notice that your claim is being disputed. This is a request for validation made pursuant to the Fair Debt Collection Practices Act. Please complete and return the attached disclosure request form.
Be advised that I am not requesting a “verification” that you have my mailing address, I am requesting a “validation;” that is, competent evidence that I have some contractual obligation to pay you.
You should also be aware that sending unsubstantiated demands for payment through the United States Mail System might constitute mail fraud under federal and state law. You may wish to consult with a competent legal advisor before your next communication with me.
Your failure to satisfy this request within the requirements of the Fair Debt Collection Practices Act will be construed as your absolute waiver of any and all claims against me, and your tacit agreement to compensate me for costs and attorney fees.
Sincerely,
Signature
<Your Name Here>
<Your SSN Here>
Till next week,
God bless,
Bishop-Elect Robert L. Harrison, Jr., Ph.D
