The first important step in getting your credit report fixed is writing a credit dispute letter to the credit agency explaining why you feel that the items listed on your credit files are wrong. Disputes can be constructive when issues are reported with your credit report.
What is a credit dispute letter? (Form 609)
It is quite possible that the information on your credit report is wrong. If this is the case and you don’t know its reason, you should write a 609 dispute letter template. This is a way of requesting that the negative information gets removed from your credit report, even if it’s accurate.
Section 609 of the Fair Credit Reporting Act protects your credit report from being used by third parties to determine whether you are a good credit risk. Section 609 is actually a federal law that has been in effect for over 30 years. However, an alarming number of individuals remain unaware of its existence.
Did you know that you can send a credit dispute letter by certified mail with the return receipt requested and make sure the credit bureaus have to investigate your dispute within 30 days? That’s right! All you have to do is send them a certified letter stating that you are disputing the item on your account and giving them either 30 days or 60 days to investigate
What is a 604 dispute letter?
The 604 dispute letter serves as your formal notice to request a correction. The credit bureau is not obligated to provide the correction but should respond to acknowledge you sent it.
What is a 623 dispute letter?
A 623 dispute letter is a notice that allows you to dispute a collection or debt directly with the creditor after filing a complaint with the credit bureau. A 623 is also known as a “Dispute of Debt Notice.”
What Can You Dispute on Your Credit Report?
If you are thinking about disputing items on your credit report, you need to be very careful that you don’t dispute positive items. Once they are removed, it’s pretty much impossible to get them back on your credit report.
- Late payments
- Charge Offs
- Tax Liens
How to Write a Credit Dispute Letter & Everything You’ll Need
The 609 letter is a powerful tool that you can use to challenge the validity of item(s) appearing on a credit report. Using the 609 letter, you can initiate a dispute investigation with the credit reporting agency that reported the items. When used properly, the 609 letter is your best chance of having an inaccurate or unverifiable item removed from your credit report.
Everybody seems to have their own opinion when it comes to writing a letter of complaint…everyone has different ideas about the way it should be phrased. Some people and companies will even sell you a 609 sample letter template, but there is no need to do that because there is nothing proprietary about the format and wording.
Here are the essential documents you should have on hand before writing your 609 letter:
- Social Security Card(SSN)
- Passport OR Valid ID
- Tax Document
- Birth Certificate
- Credit Report
- Driver’s license
- Utility bills(proof of your address)
In your letter, provide the details of your dispute, including the company’s name that provided the information, the accuracy problem, and any supporting documentation.
The dispute letter must identify the recipient by name and mailing address. Other important information you need to include is the exact dollar amount displayed on your credit report.
You should also include copies of the evidence for all disputed items on the credit report that you are disputing, such as billing statements or other correspondences between you and the creditor. If you’re disputing anything about your credit score, include in your letter that you’re disputing your credit score and explain why.
Now, the final ingredient to your dispute letter is a signature from you. Obviously, this isn’t a legal document if you fill the letter out yourself and sign it, so make sure that you include all of your personal information.
Many people receive letters from debt collection agencies claiming they owe money and threatening to sue if the debt isn’t paid. However, many of these people do not believe they owe the debt and/or believe that the information is inaccurate.
US laws allow you to dispute the debt by sending a Credit Report Dispute Letter to the collection agency when this occurs. A Credit Report Dispute Letter allows you to send an official letter stating which items on your credit report you are disputing, why you are disputing them, and what action you want to be taken regarding those items on your credit report.