| That's Correct. Credit Bureaus attempt to prevent you | | | | Below are some samples of what credit bureaus will |
| from mistakes from your credit report. | | | | use to stall or hold up the process to attempt to |
| If you are submerged in credit repair efforts or are | | | | discourage you. |
| thinking about disputing mistakes from your credit | | | | 1. Additional Info: A typical response of the credit |
| report, below is a simple outline of several of the | | | | agencies is a letter requiring additional information about |
| tactics and obstacles used to delay your progress. | | | | your challenged item. I would disregard this and ask |
| First things first, allow me to tell you the premise behind | | | | that it be taken off. |
| writing a dispute letter to a credit bureau. Once you | | | | 2. Frivolous Letter: One of the clauses in the Fair Credit |
| have your credit report and have identified some | | | | Reporting Act is a statement that allows the bureau to |
| inaccuracies, you are encouraged to send a inquiry to | | | | not respond to Frivolous (trivial) requests. Occasionally, I |
| the respective credit bureau and demand it be deleted. | | | | see this occur when I demand too many negative |
| According to the Fair Credit Reporting Act, the agency | | | | items at once, but I think it also is just to throw you a |
| is required to investigate and confirm the demand | | | | curveball some times. |
| within a 30 day statute of limitation. According to the | | | | 3. Credit Repair Services: This is an interesting letter |
| law, if they can't validate the mistake, they must delete | | | | that asks if you're using a credit restoration service. |
| it. | | | | Regardless of what they state, remember this; |
| After about 30 days, you should get one of the below | | | | CREDIT REPAIR SERVICES ARE TOTALLY |
| letters from the Bureaus; | | | | LAWFUL. Credit bureaus dislike these credit repair |
| 1. Removing the Item: a written letter explaining the | | | | companies because they overwhelm them with |
| mistake has been deleted. A new credit report should | | | | requests that they by law have to address each one. |
| be included with this letter. | | | | I'm 100% convinced that if you confirm you used a |
| 2. Item Validated: a letter explaining the credit bureau | | | | service, that the credit bureaus would be extremely |
| confirmed the item with the credit company so it has | | | | difficult to work with after that. |
| to stay on your credit report. | | | | Don't forget that improving your credit is your right. |
| 3. Stall Tactic: some kind of letter that is used to buy | | | | Click here to understand more about improving your |
| some time (while they confirm with the creditor) or just | | | | credit. |
| to throw you a curveball to get you off their back. | | | | |