• DYE CULIK PC | Consumer Protection Division

Your Credit Report Error Dispute is Now More Than Just a Code

Culik Law Credit Report Dispute

Your credit plays a large part in your financial well-being and your ability to obtain favorable interest rates, mortgage loans, auto loans, credit cards, and private student loans. Every year, millions of Americans exercise their right to dispute their credit report. In 2011, for example, Equifax, Experian, and TransUnion collectively received about 8 million requests disputing the accuracy of information in credit reports.

But, in the past your best option was to send a dispute letter to the “Big Three” (Equifax, Experian, and TransUnion) stating your dispute with documentation. Your dispute – even the most detailed letter with strong supporting evidence – would be reduced down to a code of a few words like “not his/hers”. This would be the only information sent to the creditor/lender supplying the negative information you are disputing. The creditor/lendor never saw why you were disputing the item or any of the supporting documentation.

Now, with the help of the Consumer Financial Protection Bureau, all your letters and supporting documents will be included when the credit reporting agencies send notification of your dispute to the creditor/lenders.

Some important reminders if you are disputing errors on your credit report:

  1. Never send original documents – make copies and keep records of everything.

  2. Great information to include with your statement letter, which will explain the situation, is:

  3. Proof of paid bills

  4. Police reports related to identity theft

  5. Correspondence such as emails or letters proving the item is not yours

  6. Proof of Identity such as a copy of your license

  7. Copies of your credit report with disputed information highlighted or circled. You can get your free annual credit reports at AnnualCreditReport.com.

Now you can also upload, mail, or fax any supporting documents you have to explain the errors in your credit report. To get started you can dowloan our Free Credit Report Dispute Kit.

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Culik Law is a Massachusetts Attorney / Law Firm. The posts on Culik Law’s blog are not intended as legal advice. If you have questions about your particular situation, CONTACT CULIK LAW for a Free Consultation.