Negative items on your credit report can result in a lower credit score, higher interest rates, loan denials, and more. In some cases a bad credit report can even influence your ability to get housing or a job.
If there is something on your credit report that isn’t correct, it is important to correct this as quickly as possible. Writing formal letters can be intimidating and confusion, but knowing how to correctly communicate with credit reporting agencies can be crucial to correcting your credit and improving your scores.
Use the following sample letter as a guide when creating your own credit dispute letter. You may need to send a letter to each credit reporting agency. In this case, be sure to alter the information where appropriate. For more instructions, see our post: How to Write a Credit Dispute Letter to Repair Your Credit.
[First Name, Last Name]
[City, State, Zip Code]
[Name of Credit Reporting Agency]
To Whom It May Concern:
I am writing to inform you that the following information in my credit report is incorrect:
[Name of account], [account number] [Item description (e.g.: judgment, credit account, etc)]
This information is inaccurate because [Give a detailed explanation of why the information is incorrect: (E.g.: I never opened this account/I made the payment on time/the information is incomplete/ etc.)].
This incorrect information has negatively impacted my ability to [acquire a loan/ get a fair interest rate/ find rental housing/ etc.]. As a credit reporting agency, you are legally required to report accurate information. Please immediately [remove this item from my report/correct the information on my report accordingly].
I have enclosed documentation to support my position. Please contact me with any questions.
Thank you for handling this matter quickly and efficiently.
List of enclosures:
[Credit report with highlighted account information]
[Any documents that support your claims]