When you notice a mistake in your credit history, you can dispute it. To dispute the mistake, you’ll have to send a complaint letter to the three credit bureaus, as well as one to the creditor. We are used to doing things online however, when it comes to disputes, it turns out that paper is better. Sending a written complaint with certified mail with Return Receipt is most effective. Write a detailed letter (with evidence to support your claims) instead of using the forms the credit bureaus suggest. Keep copies of your letter and documents. All of this will be helpful if you ever need to prove this process in court. Here’s a sample letter for disputing credit report errors (from FTC)….
Bad credit can be irritating and can interfere with your financial goals. The frustration is much worse when it isn’t even your fault (i.e. stolen credit card or creditors making mistakes in your credit history). If you’re dealing with credit problems because of someone else’s mistake, this information is just for you...
Credit bureau scores are often called “FICO scores” because most credit bureau scores used in the US are produced from software developed by Fair, Isaac and Company (FICO). FICO scores are provided to lenders by the three major credit reporting agencies: Equifax, Experian, and Trans Union…..