TransUnion Dispute
To dispute an item on your TransUnion credit report you must use the dispute process. This is done by creating and mailing a dispute letter or hiring a service to dispute items on your credit report on your behalf.
Be aware that if you dispute an item with TransUnion you should also dispute that item with Experian and Equifax. You must dispute the same listing with each credit bureau on its own.
In a dispute letter the disputed item must be identified and a reason as to why the item is wrong. For example; not my account, account paid, item is out of date, and etcetera.
Upon receipt of your letter TransUnion will conduct an investigation. They will contact the creditor and ask them to verify the account, the dates, and the balance.
If TransUnion is unable to verify the item then they must remove it from your credit report. It is common for an investigation to result in the removal of an item from your credit report.
If an item is verified then if you have a service they can use advanced dispute techniques to remove it from your report. The techniques include; debt validation, escalated dispute information requests, and creditor direct intervention.
Often people are concerned with the legality of credit repair. This is 100% legal, the Fair Credit Reporting Act which was passed by Congress made it your right to dispute any item on your credit report that you feel is inaccurate.
It is a good decision to save all your communication with TransUnion. The credit bureaus have begun to allow people to dispute items on their credit report online, however we do not suggest you do this. We have found that disputing your report online is ineffective.
Be aware that the 100 word statement that you can place on your credit report is never a good thing to fill out. In the past this is where consumers could provide a brief explanation as to why an account became delinquent.
Today if you fill in this statement then you are only verifying the accuracy of the item. If you try and dispute that item in the future your disputes will be deemed frivolous and ignored.
In sum you can dispute and remove bad credit items on your credit report. You do not have to just live with bad credit.
Be aware that if you dispute an item with TransUnion you should also dispute that item with Experian and Equifax. You must dispute the same listing with each credit bureau on its own.
In a dispute letter the disputed item must be identified and a reason as to why the item is wrong. For example; not my account, account paid, item is out of date, and etcetera.
Upon receipt of your letter TransUnion will conduct an investigation. They will contact the creditor and ask them to verify the account, the dates, and the balance.
If TransUnion is unable to verify the item then they must remove it from your credit report. It is common for an investigation to result in the removal of an item from your credit report.
If an item is verified then if you have a service they can use advanced dispute techniques to remove it from your report. The techniques include; debt validation, escalated dispute information requests, and creditor direct intervention.
Often people are concerned with the legality of credit repair. This is 100% legal, the Fair Credit Reporting Act which was passed by Congress made it your right to dispute any item on your credit report that you feel is inaccurate.
It is a good decision to save all your communication with TransUnion. The credit bureaus have begun to allow people to dispute items on their credit report online, however we do not suggest you do this. We have found that disputing your report online is ineffective.
Be aware that the 100 word statement that you can place on your credit report is never a good thing to fill out. In the past this is where consumers could provide a brief explanation as to why an account became delinquent.
Today if you fill in this statement then you are only verifying the accuracy of the item. If you try and dispute that item in the future your disputes will be deemed frivolous and ignored.
In sum you can dispute and remove bad credit items on your credit report. You do not have to just live with bad credit.
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posted by Debt Consolidation Loan at
6:45 AM
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