The credit bureau will then start its investigation
The bureau must also notify the lender or creditor involved to verify the disputes. Once the information has been corrected the bureau will send out a copy of the credit report with the new changes made, if any. Here is a sample "dispute" letter for reference:
Sample Dispute Letter
Credit Bureau Complaint Department
Name of the Credit Reporting Agency/Bureau
Credit Reporting Agency/Bureau's Address City, State, Zip code
Dear Sir or Madam:
The purpose of this letter is to dispute the information listed below that is contained in my credit report. The items being disputed are listed below and are also circled on the attached copy of the credit report.
[Identify each item (name of Creditor), list whether it is inaccurate or incomplete and list what is wrong and the reason.] I would request that this item be deleted or updated to reflect the correct information.
Enclosed are copies of [enter documentation i.e. receipts, payment records, canceled checks, etc.] detailing my position.
Thank you for assistance in this matter.
Enclosures: [enter the list of any documents sent with letter]
Need a copy of a Credit Report?
All individuals should obtain their current credit report once a year. Consumers should go through the credit report and make sure the information is correct. If there is any inaccurate information, the consumer should contact the bureau with the incorrect information and have it corrected. As previously stated, incorrect and/or negative information can cause the credit score to be lowered.
This is crucial that it is done once a year - as it might also prevent identity theft.
To obtain the free annual credit report from any of the 3 reporting agencies (Experian®, TransUnion®, Equifax®), a consumer can visit www.annualcreditreport.com or call 1-877-322-8228 (which is the Annual Credit Report Request Service).
In the event one is denied credit, a consumer is legally entitled to a copy of the report at no charge from the credit reporting bureau that the creditor used when running the report if it is requested within 60 days of the credit being denied. If consumers believe their credit report has inaccuracies as a result of fraud, they are also entitled to a free credit report.
Address, Phone Number & Web Address of the 3 Major Credit Reporting Agencies
P.O. Box 740241, Atlanta, GA, 30347
P.O. Box 949, Allen, TX 75013
P.O. Box 2000, Chester, PA 19022