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Credit Repair Drill

Credit Repair Drill

Putting your credit pieces back together

Credit dispute records

Keeping good records

Credit reporting agencies do not always follow up as they promise and in some cases might just ignore your correspondence all together. Documenting your credit repair efforts is very important. You will need to create an organizational system to help you track your correspondences with the Credit Bureau and your creditors. Write everything down as it happens.

Send your letter by certified mail, "return receipt requested," so you can document what the consumer reporting company received.

Keep copies of your dispute letter and enclosures.

Keep a record of all correspondence sent to and received from the credit reporting agency. When you sent the dispute letters and what date you should expect a response.

Take notes of all telephone conversations you have with the creditor or the credit reporting agent. You need to document the conversation by writing down the names of everyone you spoke to, their titles, date and time of the conversation, what was said during the phone conversation and what was agreed upon. You don't necessarily need to record the conversation but if you do, by law, you will need to let the other party know you are recording the conversation.

Why record keeping is very important

Keeping a record of when you sent the dispute letters and what date you should expect a response is very important because ne part of the Federal Fair Credit Reporting Act states that when you dispute any information contained on your credit file, the Credit Bureau must verify the accuracy of the information with the creditor who reported the information within 30 days. If they are unable to verify the information within 30 days, it must be removed.

Another good reason to keep good records is that, more often than none, credit items you have worked so hard to remove sometimes mysteriously reappear. If this happens, its much easier to have these items removed if you have a complete record of the first time it was removed.

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