After collecting your credit reports and identifying any inaccuracies in your report; you’re going to want to send the bureau(s) a certified letter demanding the removal of your incorrect item(s) with the report included.
The first time you send your letter(s) be sure to include COPIES of all documents and every time after that you will want proof of your dispute in the future so DO NOT PUT IN THE ORIGINAL COPIES. You want to keep files of all your disputes, have a copy of the ‘package’ you mailed the bureaus. Credit bureaus are known to bring things back up that is why I am forewarning you. A good example would be past (paid) collection accounts. I would hate to have that report again to your credit if it was already settled, right?
When you mail a certified letter through the post office you will need to pay a little bit more but you are ensured someone is going to sign for your letter. Typically you will get a ‘green slip’ in the mail after 3-5 days with a stamp from the entity on the back verifying that it was retrieved. From that point on you can begin counting your days. The investigation process takes some time which we will get into, but as a friendly reminder:
- Do not sign your name on anything you send to the CRA’s
- Never send original copies
- Always send certified return receipt
- Include your report (highlight or make prominent the inaccuracy)
You are also going to want to ensure you stay organized. Do not send all disputes at once, you are allotted three disputes at a time. You do not want to be marked as frivolous because you will be in a sense ‘blacklisted’ from disputing that inaccuracy. Do your research make sure you’ve included everything for the bureaus to start the investigation process. The more you can provide them the better off you will be and the faster you will be traveling on your path to having great credit.
What helped me in this process is my monitoring service as well. Although I had my reports I would compare and contrast them to the monitoring service. The reason I did this is because the monitoring service doesn’t typically give you all the information and address that the CRA would typically give in their report. The monitoring services really give you the bare minimum. What can make your credit repair process a lot harder.
It’s also a excellent idea to get your reports in full from the bureaus individually and use the monitoring service only to track updates.Then you can make sure that the monitoring service is working as expected and you can also see your scores rise as you dispute items on your credit. As you watch your scores raise it will give you the benefit of the doubt that it is working. There are stagnant times when your credit doesn’t budge. Those times happen to the best of us! Usually what will happen is the big stuff makes the biggest difference, that is what you want to attack first.