Debt Consolidation Credit Counseling In Phoenix

What are some of the reasons you might need to write a credit dispute letter? Well, if you were denied credit, you might wonder why the lender decided you weren't a creditworthy borrower. If you generally pay your bills on time, you don't use up all of your available credit, you have a stable employment history, and you haven't had your vehicle repossessed, then it's most likely a mistake.

Sometimes, billing errors can result in negative credit reporting, requiring that you write a credit dispute letter to have this information removed. In some cases, debt collectors harass people by trying to collect long ago expired or invalid debts. Maybe you need to lower your monthly payments, or dispute an incorrect negative mark on your personal credit report. Credit bureaus are not perfect!

Whatever the reason for your bureau dispute letter, you need to write it in a fashion that does not alienate the agency. If you write a successful letter, you can boost that troublesome credit rating quickly. Remember that they have to remove an item if they cannot verify it!

Write your letter in business form, but keep it brief, simple and friendly. A lot of personal information is not required. State the facts, send copies of the disputed report, with the questionable items highlighted, and don't in any way invoke hostility by threatening them with legal action or anything else. If you don't anger them, your claim will be handled in a much more efficient and satisfactory way.

When you are ready to send the letter, be sure it goes out by certified or registered mail, and make sure to request a return receipt. The signed receipt will be sent to you so that you have proof that the credit dispute letter was received before the deadline. Also, make sure to keep copies of everything for your records.

You need to be very careful when you shop for items that will require a credit card or a loan. Do not give your full name, address, credit card, or social security number until you are actually going to make the purchase. Otherwise, each place you go could possible do a credit check on you before you even agree to buy.

This is because whenever your credit report is pulled, your credit score is dinged to the tune of up to three points per inquiry! Now, if your credit score is a bit low, there are some strategies you can use to restore credit quickly. For one thing, make sure to bring any delinquent debts current. This will raise your credit score right away. You could even build a good payment history by charging something on a department store card, and paying it off in two payments.

Whatever else you may do, avoid being scammed by supposed credit repair companies. There are many of them online, and there are some less-than-honest attorneys too. Realize that credit agencies receive your information from all kinds of creditors, and there are no simple cures for bad credit.

But when a mistake has been made, you will need to write a credit dispute letter to the credit company or the credit bureau. It isn't difficult?just do it!