Financial Education :: Credit :: Personal :: Courses :: Free DIY Credit Repair Course - Learn How To Repair Your Own Credit :: Module 5: Continuing Your Dispute Process

readme.md

Financial Education :: Credit :: Personal :: Courses :: Free DIY Credit Repair Course - Learn How To Repair Your Own Credit :: Module 5: Continuing Your Dispute Process

⪼ Made with 💜 by realpolyglot.com

• Financial Education :: Credit :: Personal :: Courses :: Free DIY Credit Repair Course - Learn How To Repair Your Own Credit

resources

• Order Your Credit Report
• Get All 3 Fico Scores for $1

Module 5: Continuing Your Dispute Process

609 Dispute Letters

• Sent to credit bureaus
• Dispute inaccuracies in your credit report
• Info must be verified or removed from report
• Can be risky to send depending on circumstances

Pros and Cons

Check statute of limitations and age of debt to help you make a decision

Pros

• A successful dispute process can result in removal of the negative account from report

Cons

• Bureau send info on to collector who may sue you for debt as a result of the investigation

Dispute Process

• Identify dispute candidates from each credit report
• List the account name and number exactly as found on that bureau's report
• Include no more than ~5 (~1 is better) accounts per letter
  • Write multiple letters to a bureau (if needed)
  • Keep letters simple with only necessary information

E-Oscar Dispute Codes

The idea is to try to force the letter into the hands of a human...

• E-Oscar dispute codes (see table in guidebook)
• Read handout "What is E-Oscar and why you need to know about it on the path to repairing your credit?"
• Use other tactics to beat the system, such as:
  • Sending letters to multiple bureau addresses
  • Stapling letters
  • Using different fonts, heavy paper, and highlighting

NOTE: A better strategy is to include a specific detailed dispute reason. Include a CTA (Call-To-Action) => "Please delete this item, please update this item to reflect $0 balance". Dispute with the creditor as well. Can also send debt validation letter.

Documentation and Tracking

• Before mailing, have your letters and credit reports notarized
  • Required in case you need to file a complaint
• Send letters certified mail with return receipt (or use LetterStream)
• Track all letters in spreadsheet
• Add photos of all letters and return receipts to files

Bureau Responses

• Bureau may respond with stall tactics
  • asking for additional info
  • Questioning identity
• Only acceptable bureau responses:
  • Providing adequate proof of verification
  • Removing unverified debt from report

Continuing The Dispute Process

• If bureau removes some accounts but not all:
  • Repeat the 609 dispute letter process
  • Send up to 6 rounds of letters
  • Document and track all letters and results
• If bureau stalls or claims verification without proof:
  • File an official complaint

My Tasks

Complete the following steps

• Review each negative account in your credit reports and determine if any are good candidates for 609 dispute letters.
• Track and document letters and responses.

---