Credit Repair Dispute Letters! What are They? How can I create one? And How can I make sure
that mine is effective? Hi my name is Jesse with credit CEO and I've been
helping people repair their credit for over 15 years!
If anybody knows a thing or two about a credit dispute letter that'd be me.
I use them every single day with every one of our clients and I'm going to
explain today the anatomy of a credit repair dispute letter, what you need what
you need to do and how to create an effective credit dispute letter. The first step is
making sure that you obtain a Three Bureau Credit Report that has your
account numbers reporting next to each account. The one that I recommend is
Free3scores.com - I'll put a link below this video so you can obtain your
One Dollar ($1) trial credit report. That's going to give you all three credit
bureaus with the account numbers. For this process you don't want to use
Credit Karma or Annual Credit Report, You need to use a credit report that is
accurate, has your account numbers and
doesn't waive any of your rights under the Fair Credit Reporting Act. Credit
Karma is free so it's historically pretty inaccurate and it doesn't show
your account numbers. Annual Credit Report makes you waive some of your
rights under the Fair Credit Reporting Act that you could actually utilize to
remove items from your credit report. What it does, it increases the amount
of time that the credit bureau has to respond to your dispute letter and it
increases it from 30 days to 45 days. That's a 50% increase and can
significantly hurt your deletion ratio when you utilize an annual credit report
to dispute negative items on your credit. The next thing is - DO NOT dispute online.
You're going to waive some of your rights under the Fair Credit Reporting
Act that we utilize to get items deleted from
your credit report. Never ever file an online dispute. The only reason the
credit bureaus invented the online dispute system is to save themselves
money and to make it so they don't actually have to investigate the items
that you're disputing on your credit. Do not dispute online, do not dispute on the
phone and do not use template letters. You don't want to do the online disputes,
you don't want to do the phone disputes and you don't want to use a template
letter. The reason you don't want to use a template letter is because people
before you have utilized that exact same template and when the credit bureaus
receive a bunch of letters that look similar they start putting them in the
same category. You don't want to be in the same category as other people's
dispute letters. The next huge thing is do not try to do section 609 disputes. If
you knew anything about the Fair Credit Reporting Act and the laws that credit
repair companies utilize to get deletions, section 609 is not in there.
It's a complete fabrication, a lie, it makes no sense why people use it. Do not
try and do a section 609 dispute. The next big rule is do not lie in your
dispute letter. The number one lie is people say this account is "not mine."
If you say that and they can prove the account is yours, you're gonna get
red-flagged and it's gonna be really hard to get that item deleted when you
could have just told the truth upfront and said "this part of the account is
inaccurate, therefore it qualifies for deletion," and
goodbye - it's gone. So don't lie, do not use a CPN and do not commit fraud. I'm
not here to teach you how to do that kind of stuff like other people here on
YouTube. Now that you have your three Bureau credit report from
Free3scores.com - and you have your account numbers. Or wherever you're utilizing,
other than Credit Karma or annual credit report, let's move to the next step.
I'm going to give you the dispute addresses for each of the credit bureaus
as well. One thing you want to do is make sure that you have a photo with two
forms of ID. Ideally your driver's license and your social security card or
your driver's license and your most recent utility bill, that came to the
address you're going to put on your dispute letter. The reason you need those
IDs is the credit bureaus are gonna ask for them. If you don't send them up
front, you're going to be wasting an entire month. So let's dive in with how we
create and formulate this dispute letter. You kind of need to know the
anatomy of a credit report, but I'm gong to give you as much knowledge as I can, as
quick as possible, because I don't want to waste your time. In a dispute letter
you need to have your full name, your current address, city, state and zip code.
This is one of the factors that they're going to use to verify your
information. Next you want to put the credit bureau name, address and
today's date. Now when it comes to creating a dispute letter you can start
with a template like this and I'll put a link to this letter for free at
the bottom of this video. Just because you watched this long and I've been
rambling on. But, take this letter, edit it and make it your own letter. You want to
have a completely legal, factual letter that goes to the credit bureaus, from you,
that doesn't tell a lie. So what you're doing is you're gonna go through your
credit report and find the items that you want to dispute - meaning the items
that you're hoping will come off your credit and increase your score. Things
like collection accounts, late payments, repossession, charge off, foreclosure,
stuff like that. What you're gonna do is you're gonna create this document - three
of them - one for each credit bureau and you're gonna copy and paste the account
name and account number onto each credit bureau that the negative item is
reporting to. The next thing you're going to do is tell them the reason that you
believe that this account is reporting inaccurate. Whether you don't believe
that the late payment was a full 90 days late, you don't believe that the balance
is currently reporting accurate, you don't believe that the that the date of
the last payment is correct, you don't believe that the date of last activity
is correct? Those are all great reasons to put in your dispute letter. The
main point you're trying to make in this letter is that something about the
account is inaccurate that's the only trick you need to know - if something is
inaccurate and you need to find the inaccuracy - that is the entire trick to
credit repair dispute letters. That is what all of the good credit repair companies are
doing we're trying to find inaccuracies, so that we can morally, ethically and
legally get stuff deleted from your credit report. So list the accounts, one
for each Bureau and fill in your own wording here. It doesn't have to be this
exactly and it's better if it's not. We want it to sound like you and sound
unique. Don't sound too demanding or like you're gonna sue, you don't need to
do that. Just sound like a regular person, tell them why these negative items are
affecting you. If you've been denied for a job, or you've been denied for a
mortgage, or a car loan or a credit card, those can be great reasons to add down
here. Then at the bottom, you're gonna put your full name, your date of birth,
your social security number and to each letter you're going to attach the two to
three forms of ID. Once you have all of those items you're going to get an envelope
for each individual credit bureau. Here are the dispute addresses. I'm going to
put those at the bottom of this video as well. What you're going to do is
you're going to stuff the envelope with this letter and with your IDs and you're
going to take it to the post office and send it certified mail with a return
receipt. It's gonna cost you eight to nine dollars for each letter and it's
going to be worth it. Once these disputes have been received by the
credit bureaus, they have 30 days to respond, unless you did what I told you
not to do and pulled an annual credit report. But, they have 30 days to respond.
Don't act like they're not gonna fight this stuff, they are and that's why
credit repair companies are in business. We know how to fight the extra
hard stuff. In the comments let me know if you are mailing this dispute
letter! Let me know if you had success and let me know what questions you have.
I will make another video explaining how to do round 2 disputes
when any of these accounts come back as verified. I'm excited to help you with
your credit, make sure you subscribe to our channel if you want more info on
improving your credit. I'm excited you're here thanks for watching!
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