Hey guys. Have you been trying to
improve your credit score and nothing
really seems to be working? Have you
started the dispute process to get those
negative items? Deleted from your report
and they keep coming back? Verify will
stick around because today I'll be going
over the top mistakes that people
are making that keeps you from
getting those negative items, deleted and
boosting your credit score and
as a special bonus, I'm Going to
throw in the exact components
that your dispute letter should have
in order for you to see some results. So
stay tuned, guys. Hey everyone,
welcome back to my channel like for Jazzy
Mac for everyone that has like And subscribe.
Thank you. Thank you. Thank you so much.
Thank you for sharing this video and
other videos with people and helping our
community to be educated. And to be
empowered you guys, if you're new
to my channel, go ahead and hit that like
And subscribe. Bye. A whole
lot more videos coming out that you're not
going to want to miss. So let's
Jump Right In. Now in my previous
videos. I talked about how to get
those negative collection items deleted
from your credit report, you know, those
items that are like keeping you in the
500s, when you're like, trying to buy
a house and you're trying
to get your credit on track, like those
accounts. That just won't go away. I
talked about that in my last video. So
as a follow-up to To getting those collection
accounts removed from your credit
report. I want to tell you some of
the biggest mistakes that I've been seeing
people do. That is costing you big
time. The first
mistake that most people make is,
they choose to be difficult
and they want to dispute everything
online people. I've said
it before disputing. By mail is
the most efficient way to It a negative
collection account removed When
you dispute something online, you're basically
giving up your rights to Arbors arbitration, your
also agreeing to a three-day dispute process,
which pretty much means that you're agreeing
to let a computer scan your
dispute and ultimately give you results
which most times they're going to come
back verified. Now, I've talked
to you about why using mail
to do your disputes with your handwritten letters,
why that's the most efficient way if
that doesn't It makes sense to you or
you don't remember go back and watch the
previous videos. So
don't make that mistake. Again, always dispute
by mail. Now the
second mistake that I'm seeing people make
is your sometimes doing pay
for deletions. Now, I've already
explained in the previous video,
why it's not necessary to do a
pay for deletion when you're paying
to have an account deleted from your credit
report. However, if you To throw
away money, then you want to make
sure that you at least get it in writing
that the company intends on removing
that- collection account
from your credit report. If you agree
to pay for something many people are
paying down accounts. They're paying
our balances that are in collections
and they're still seeing it on their credit
report. This is not going
to help you. The account needs to be
completely removed in order
for you to see any type of Of credit score
increases. So, if
you're going to take that route, which
I don't recommend always get it in writing.
First, and my previous
videos, I talked about why collection fees
are typically illegal in Most
states. And why if you have
an account on your credit report,
that has like those extra collection
fees attached to it, that usually
will be enough for you to dispute it
and get the entire account removed.
Um because those collection fees are
illegal and they generally invalidate the
account. So go back and watch my other
videos. I explain more about that. The
next thing that I'm seeing people
do even when they mail
in their letters, they're not
using signature confirmation or
delivery confirmation people.
I understand it when you mail in a
letter it only cost maybe like 50
cents to mail that letter off and
you You want to just mail it off and
wait to hear back. However,
I always tell you to do
the signature confirmation because you
want to have proof that someone
has actually gotten your letter and
has opened it up and signature confirmation
through UPS or through
FedEx, or whoever you use
for your postage services, that
is going to be your proof that someone
actually got your letter. Versus
someone at the credit bureaus saying, oh,
we never got a letter from this person must
have gotten lost in the mail. So you
always want to have that paper trail attached
to anything that you send a
credit bureau, especially when you're disputing
something. Alright, so
the next mistake that I often
see people make is
sometimes when we dispute
things, you guys may
not realize it, but but sending
one dispute letter to just one
credit bureau is not efficient.
None of the credit bureaus share information,
TransUnion, Equifax and Experian
are all independently operated
into T's. They don't cross reference
information. So if you dispute it something
with TransUnion that happens
to also appear on your Experian
and Equifax credit reports,
they even if one delete
something Bet isn't going to automatically
make the other to fall in line because again,
they don't share information. So you
want to make. Sure if something is showing
up under all three credit bureaus
that you're sending three individual
letters, three separate letters and
I have the addresses also down below. I
have them in my templates. If you don't
want to take notes for any of this. I've
made it easy for you. I put together a
template with all of this information in
it. And also
the address is so make sure that
you're sending In separate letters and
don't just assume that the companies are
going to all do the same thing every
now and then you might have to dispute something
multiple times multiple months.
And so that's why it's important to
not assume that sending one letter
is all it takes like you have to
do the work. So the
next thing that
I am seeing people do sometimes,
one of the other biggest mistakes that
you can make is to, Dispute
something in the mail with the credit bureau
and the letter that they send
you back, says that the items you're disputing
are verified and then you throw in the
towel. Then you just completely give up,
please don't do this. There have
been times where I've had to dispute something
multiple times. If you dispute something
the first time and it comes back verified.
All you have to do is write a follow-up
letter. That says, I
would like to know what was The
method of verification that
you used in order to verify
the accounts listed below, that's going
to be your follow-up letter for anything that
comes back verified. Again you're using
mail to do this and you're going to
put delivery confirmation and signature confirmation
on it. Going to spend an extra five dollars
to create a paper trail. So
this will start the dispute
process again, and
it's also I'm going to force that person
to show you how they verified it. Dances
are, they can't. They're getting thousands
of letters a day. It's like almost impossible
for them. To show you how something was
verified and so usually they just go
ahead and throw in the towel when they're
just like, will delete it. We can't
show you that. We don't have that information.
So make sure that you don't
just get stopped in your tracks because something
comes back verified, like, don't
give up so easily. So,
let's see. The
other thing that I wanted to talk to
you guys about was
the six parts that you need
to make sure your dispute letter has.
So I'm just going to fly through these
things because again, I've talked about
them in previous videos. I also
have the templates available for you.
So we're just going to fly through these
things. The first part of your dispute letter
should always have number one, your personal
information. So at the top, you want to
always list out your name, your address, your
date of birth, and It may be the last
four digits of your Social Security number
just for like identifying purposes.
So that's just, you know, the
basics listed out the
second part that you want to always
ensure that you have in your letter is
an opening, dispute statement.
All this says and put something like hey,
I intend to dispute the below
items that you're going to list out.
It's very simple. It doesn't have to
be Anything fast you just fancy.
You just want to ensure that
you're telling them at the top of the
letter that this is a dispute letter.
That you're disputing the items within
that letter. So the third part
that you want to make sure is listed
in each one of your letters for each credit
bureau, is the account information
for the account that you're disputing. So
you want to make sure you list out the
company name, along with the
associated account number as it
appears. Is on your credit report, you
want to be very specific and very
accurate about what you're actually disputing.
You can't just say, hey, I want to dispute
everything on my credit report because then
you're going to be treated as someone
that is submitting a frivolous claim
or frivolous dispute. Your disputes
can be tossed. Your accounts can be
your name. Essentially can be flagged, so
you don't want to do that. I just said,
if you're going to dispute anything, do
not dispute. More than five items.
Per month, 5
is the max. And if you don't have five
items to dispute, then obviously, when
it comes to your collection accounts, you
only dispute the number of collection accounts
that are on your credit report, but 5
is the max per month. The
next thing that you want to include in.
Your letter is What's called the fcr
loss statement that basically says, hey
if you cannot verify these items,
I need you to delete these
items according to the f. ER, late
if CR a laws.
I also put that little statement down
below for you guys. It's convenient. It's
also in my templates, but basically, you
want to remind them again that you are
disputing these things and because you're
disputing them, if they're not gone
in 30 days of that investigation,
that they need to be deleted.
So we're just letting people know that,
we know the law, we know our rights and
the next When you sign
your letter, do not put it in Carson,
print your name at the bottom. The
reason why I forbid you from
using cursive is because as far as
the verification process goes, you don't
want to sign something. And
basically have it used as, like evidence
against you, where they say. Oh,
we have this signature on this letter. We're
going to match it to some signature
on a collection account
that they They have let's not make it
easy for them. You want to make them work?
So you don't want to give them any clearer,
you know, indicators of, you know,
verification or anything like that.
So and print your name
do not sign it in. The last
thing which I think is the most important thing
and that's why I'm going to emphasize it
again is signature
confirmation, delivery confirmation.
It looks like this people.
Okay, it Just like an extra five
or six bucks at your local post office.
It may be the same amount if
you go through UPS or FedEx. However,
this is your paper trail. This is your
proof for if you dispute
something and it comes back verified.
Then you're going to ask for the method
of verification and you don't ever
want those letters that you're sending
to get lost in the mail.
You always want to have a paper trail and
if you You ever had to like take
the credit bureau to pour or like threatened
to report them to
the Consumer Finance Protection Bureau.
You want to include a copy of that in
your complaint that says, hey I have disputed
this twice now. And
this was the date that the dispute started,
because this is the date that shows, it
was delivered, and they never
verified those items. And they fail
to delete those items from
my credit report. So if you ever have
to Out that cfpb.
Complaint. You want to be able to show
like, hey, I have proof that I submitted
a dispute and they didn't follow,
you know, the fcra laws or guidelines.
So people, I really, really
hope that that helped like clarify
some mistakes. That some of you may
have made or some of your friends could
have made if you're getting ready to
dispute anything that's in collections,
then make sure you go back and watch the
Previous videos that I did on that. And
you guys, thank you so much. I'll see
you in the next video. Don't forget to
like And subscribe. Like if
you have not hit the Subscribe button after
I just gave you all that valuable information.
Like come on. Let's look matter with you.
Like hit subscribe. Share this video with
somebody help somebody out. Keep somebody
from making these, very
common mistakes because they can cost
you in the long run. All right, guys.
I'm Jazzy Mac. And until next
time, I will see you later. Stay
safe, everyone. Bye.