Sample Letter To Dispute Derogatory Item On Your Credit Report

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Have you ever tried to apply for credit and been turned down? Whether you are applying for a car loan, home loan or even a credit card with a lower interest rate, finding out that you have derogatory items on your credit report at the time of applying is a horrible thing to have to go through. Derogatory items on your credit report can include late payments, missed payments, bankruptcy, foreclosure, and even accounts that may have gone to collection that you have already paid off! If you find that you have derogatory items that should be removed from your credit report, there are steps you can take to have them expunged from your credit history.

Credit Elves specializes in helping you create a custom letter that will not end up flagged as a generic form letter. They can help you legally remove any derogatory item(s) that you feel should have been removed, or should not be present on your credit report. The three major credit report companies, Equifax, Experian and Trans Union receive hundreds of thousands of letters every month, and if you are unable to correctly state what your dispute is, or provide the correct information ...
... regarding your dispute, your letter could become flagged. When this happens you receive a form letter in return, and the derogatory item remains on your credit report.

Many types of lenders and businesses look at credit reports to evaluate an applicant’s ability to pay, and your credit score determines the interest rate that you will receive when you attempt to apply for credit. That is why removing a derogatory item on your credit report is so important.

Disputing a derogatory item on your credit report isn’t always as easy as sending a simple letter. Recent studies show that nearly 94% of the letters that the credit bureaus receive are red flagged as a form letter that you may have downloaded off the internet and unfortunately, they are not taken as a seriously. The people at Credit Elves do all the work for you by providing step-by-step instructions on how to improve your credit score. They even show you how to dispute derogatory claims on your credit report and can provide you with letter templates that are easily customize to reflect your personal situation.

The Fair Credit Reporting Act (FCRA) is responsible in for the advancement, definitiveness and privacy of information in the files of consumer reporting institutions. Each consumer reporting company, and the companies that are providing the info, are in charge of correcting out of date and incomplete information that can show up in your report. Additionally, you are entitled to obtain a free annual copy of your credit report.

After the reporting company’s investigation is complete, they must provide you with the results in writing. If disputing the claim changes your report, you will be mailed a free copy, and the free report does not count as your annual free report. With Credit Elves you get everything you need to dispute derogatory items on your credit report.