What should you challenge?
Everything, and you should always shoot for a complete deletion. Don’t bother challenging the information within a collection listing, charge-off, court record, repossession, foreclosure, or settled account. As the basic nature of these listings is negative, changing the information within the listing will yield no improvement. Severely negative listings, such as these, must be disputed on the basis of complete deletion or not be disputed at all.What items are the toughest to get off your report?
You will have the toughest time getting bankruptcies and foreclosures off of your credit report as these things are so easy for the credit bureaus to verify. In the case of a bankruptcy, you most likely will have a few trade lines saying “included in Bankruptcy”. If you want to challenge your bankruptcy, you need to clear off all credit lines mentioning a BK FIRST.
James E. decided to challenge each and every one of his collections, as well as his credit card late payment. He wrote a letter that:
- listed each of his negative listings by name, collection agency and amount of the delinquency
- Under each of the list accounts, he said he was disputing the accuracy.
- He also included his Name, SSN, Address, and a copy of his driver’s license.
- James E. sent his letters via Express Mail, which gives him a receipt for the mailing, and guarantees delivery.
- Total expense for Express Mail: $36.
Here is an example letter.
http://www.creditinfocenter.com/forms/sampleletter5.shtml
0 comments
Post a Comment