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Credit Report Letter

By: EconomyWatch Date: 28 August 2009

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Credit report letters are the most effective way of repairing credit reports in case of erroneous reporting.

Inaccurate information can include:

listing of expenditure that you have never incurred
charges of accounts which remain open even after requesting for a closure

Inaccurate reporting is a rarity in reputed government bureaus such as:

Equifax
TransUnion
Experian

However, errors sometimes occur as a result of inconsistent or disparate reporting by creditors. In such situations, the credit reports in all the three bureaus might differ. It is best to consider the middle score among the three reports as the most genuine one.

Before writing a credit report letter, review some free sample letters on the Internet. Contact the credit bureau for a sample letter. They can also help you in:

Clarifying your doubts regarding your report
Eliminating the errors completely

Practical tips to consider include:

Take a careful look at your credit report and identify all the issues that need fixing
Communicate clearly so that the agency is able to understand the mistake in the report and rectify it immediately

Credit Report Letter: General Information

It is important to know the process of sending the credit report letter because wrong timings can worsen credit situations.

It is also necessary to state your reasons for stating that the information is invalid or inaccurate.

Other details to mention in your credit report letter are:

Your name
Residential address
Phone number
Social security number
Account number
The item in the credit report that has wrong information
Evidence to support your claim

Post a copy of the credit report letter to all the three bureaus even if an error has occurred in any of their reports. They do not share credit information with each other.

The following inaccuracies can be pointed out in your letters: