Credit Repair Dispute Letter

Here is a sample credit dispute letter. Please, remember to use COPIES not originals and get your FREE credit report from Credit Karma  make a copy to send with all your documentation. Send it certified mail return receipt requested. Also, keep a copy of your letter for your records. Be looking out for a video this week coming up on proper documentation and how to keep files of all disputes and actions taken. 

[Your Name]

[Your Address]

[Your City, State, Zip Code]

[Date]

Complaint Department

[Company Name]

[Street Address]

[City, State, Zip Code]

Dear Sir or Madam:

I am writing to dispute the following information in my file. I have circled the items I dispute on the attached copy of the report I received.

This item [identify item(s) disputed by name of source, such as creditors or tax court, and identify type of item, such as credit account, judgment, etc.] is [inaccurate or incomplete] because [describe what is inaccurate or incomplete and why]. I am requesting that the item be removed [or request another specific change] to correct the information.

Enclosed are copies of [use this sentence if applicable and describe any enclosed documentation, such as payment records and court documents] supporting my position. Please reinvestigate this [these] matter[s] and [delete or correct] the disputed item[s] as soon as possible.

Sincerely,

Your name

Enclosures: [List what you are enclosing.]       

     

Consumer Finance: 
According to the FTC  

 Millions of Americans have been struggling with their finances as a result of tough economic times in recent years, and stopping scammers from stealing consumers’ last dollars is an ongoing priority for the Federal Trade Commission. The FTC has a range of tools to do this, including the FTC Act, which prohibits unfair or deceptive business practices. The agency also takes action by issuing regulations to protect consumers, including rules covering mortgage foreclosure assistance services, credit reports, mortgage advertising, debt relief services sold by telemarketers and other financial products and services. The FTC’s authority covers for-profit entities such as mortgage companies, mortgage brokers, creditors, and debt collectors – but not banks, savings and loan institutions, and federal credit unions. The agency also has law enforcement and, in some cases, regulatory powers under the Truth in Lending Act, the Home Ownership and Equity Protection Act, the Consumer Leasing Act, the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, the Equal Credit Opportunity Act, the Credit Repair Organizations Act, the Electronic Funds Transfer Act, and the privacy provisions of the Gramm-Leach-Bliley Act. The FTC’s extensive consumer education efforts help consumers manage their financial resources, avoid fraud and deception, and learn about emerging scams.

.        

 In 2010, Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act. Among other things, Dodd-Frank establishes a new Consumer Financial Protection Bureau with the authority to supervise and regulate entities that offer or provide consumer financial products or services. The CFPB will enforce over a dozen consumer financial protection laws, including the Fair Credit Reporting , Fair Debt Collection Practices Act, and Truth-in-Lending Act. In addition, the CFPB will have the power to stop practices that are “unfair, deceptive, or abusive.” The FTC shares authority with the CFPB to enforce the consumer protection laws with respect to non-bank financial institutions.      


  Source of this entire article the sole property of the FTC and this links directly to FTC page.