How to Write a Credit Dispute Letter That Works

Amidst the evolution of the internet, communication has become more efficient than before. Gone are the days when written communications or letters are through what usually called as “snail mail.” However, even though the mode of communication has changed, the principles of an effective letter still apply.

On the other hand, a credit score is very important for a person especially when planning to get a new loan to finance a particular project. It is like a professional track record when it comes to financial performance. But, what if a previous lender or debtor has issued reports with either a wrong credit score or loan payment history that is not updated, which happens to be yours? Thus, you need to dispute it to be corrected. However, how do you write dispute letters that can achieve your desired objective without giving the other party a misimpression about you? The following information may help you solve this issue. You can also check to give ideas on the content and technical side of a dispute letter.   


Important Tips in Writing a Dispute Letter

  1. First, you need to validate whether the information that you received is correct and true. Confirm whether you really obtained that particular credit score or if there was once a time that you paid late. Whatever the case may be make sure that the report is valid and that there is a need to be corrected. Acting upon something that is not true might put you in a much worse scenario.
  2. In writing the letter, make sure to have in mind what you want to say and what outcome are you expecting. To do this, you need to use first a scratch paper in order for you to refine your thoughts better. There you can develop and organize your idea by writing anything about the situation that you want to say and the end goal that you are looking for. That means you have to avoid editing your draft while in the process of doing so because it might block the flow of ideas or scenario and you might forget the important details.
  3. After writing the entire draft, begin editing it. Retain only the most important contents that need to be conveyed such as the actual error committed and what changes must be written. Avoid too lengthy discussions with unnecessary information. Wordy explanations may conceal the actual meaning and message of the dispute letter, which might prevent your desired objective to be realized. In other words, as the popular saying goes, “keep it short and simple (KISS).”
  4. Observe the appropriate protocols and technical mechanics of a formal letter. No matter how emotionally down you felt by receiving an incorrect credit report, you have to remember that a dispute letter is a business transaction. In observing professional protocols, you have to know the person and address of the one in charge to handle your dispute.
  5. Since this is a formal letter, writing in a full block format is the most appropriate. Most importantly, check your grammar, word use and phrasing. Poorly and wrongly written words may mean another thing, even if it is written out of the purest intentions.
  6. After considering the content, organization and the technical, encode your corrected draft in either an actual mail or email or whichever mode possible and send it to them.   


Receiving credit reports with erroneous information about you can be detrimental on your part. But there are specific ways in which you handle it properly. But, bear in mind that sending a dispute letter is just the first step. You have to be patiently waiting for the credit company to receive your dispute and make actions about it.