Disputing credit card charges
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You are always hearing about the advice given by the financial experts that everyone should request a copy of the credit report and check for any type of errors. Naturally, you have taken the initiative and reviewed your report only to find some items that is incorrect and have significantly reduce your credit ratings. But, the idea of disputing credit charges and battling with the bureau is not really something you are looking forward to doing.
But, this is a process that has to be done before further damage is caused and furthermore it is not as dreadful as some people would you have you believe. In any case, you are at the right place as these suggestions should have you removing those errors effectively and get back your good credit standings in no time.
The first thing that you should do is to investigate all the inaccuracies and errors in the report immediately. Start with contacting the institution that provided the information, accumulate and document all the communication that will be relevant to the dispute. Then, you are going to include the documents from your banks, other financial institutions and credit companies that will be involved in the dubious issues.
Next, you should contact the credit bureau because it is their responsibility to investigate all disputes. This should be sent to them in letter which would explain why the items are incorrect in a very detailed manner. The letter would be accompanied with a copy of the report highlighted the sections where you find the errors, as well as the other supporting documents that you had put together. The following documents can be transmitted by regular mail, email or fax, but ensure that you request a return receipt for verification.
When this is done, you cannot sit back and wait for the process to take its due course, because it will not work like that. It would be better if you are proactive and aggressive and try to get the situation dealt with in the shortest possible time. In addition to sending the credit bureau the documents, the same should be sent to the company that had supplied the incorrect information for them to take action as well.
The credit agency should report to you once the investigation is complete in writing. In the event that your findings were proven to be correct, the agency will remove the information from your record. The free copy of that adjusted report should also be sent back to you, alongside the name, contact number and address of the institution that provided the incorrect details.
When you are satisfied with the results, it would be in your interest to ask the credit agency to send the new report to all the companies that viewed the wrong information in the past months. However, in the event that the disputing credit charges were denied, you could ask that a statement be placed in your file to be used in the future. If you need copies to be sent out to the companies that received your report in the past, the bureau might bill you for this particular service.
