Up The Ante

The more you dispute the entries on your credit file, the more difficult it may become for you to convince the credit bureau that you are serious. At this stage, it is not a bad idea to consider legal threats to the credit bureau. Before you think that this may be an outrageous solution to your problems, remember you are being mistreated by the credit bureau, and you need to show it that you are serious about your claim and your dispute. As a consumer, you have the right to resort to legal settlement when your own, personal efforts do not lead to results. Do not hesitate because you have approached them to look at your disputes countless times. They will notice when you begin talking tough. Below are some examples for you to follow.

Option #1:

You may sue the credit bureau every time it fails to comply with the Fair Credit Reporting Act. The most successful suits, however, are those disputing derogatory information that does not belong to the consumer. But do be careful about using the term "sue". Mention it only if you will seriously start a suit against the credit bureau. Your letter should look like this

Date:

YOUR FULL NAME

YOUR CURRENT ADDRESS

CITY, STATE, ZIP

YOUR SOCIAL SECURITY NUMBER

The Credit Bureau

Address

City, State, Zip

To Whom It May Concern:

Please note that I am in complete disagreement with the following entry(ies) in my credit report:

• Date of Credit Report:
• Disputed Entry:

Despite several attempts to bring this dispute to your attention, I have not had any reply from you. Consequently, I have had counseling with an attorney and am prepared to proceed with a lawsuit against your bureau, in order to achieve correction of the disputed entry on my credit report.

Should I not receive a reply within 30 days, I shall be forced to proceed with legal action.

Sincerely,

Your NameYour

Signature

Every day, credit bureaus find themselves enmeshed in lawsuits from individual consumers. Such suits cost the credit bureaus large sums of money in both legal costs and awards to consumers. This strategy will bring you quick results.

Option #2:

You may also wish to file a complaint against the credit bureau with the Federal Trade Commission (FTC), which regulates and monitors the activities of all credit bureaus. It is in the best interest of the credit bureau to limit the number of complaints about itself to the FTC. You should write the FTC in the following manner

Date:

Federal Trade Commission

Pennsylvania Ave. and Sixth St. N.W.

Washing ton, D.C. 20580

Dear Sir/Madam:

By way of this letter, I would like to file a complaint against (state name of the credit bureau).

Over the past few months, I have been attempting to bring a dispute of mine to the attention of the credit bureau, but thus far I have only met with silence.

I thoroughly feel that I am being mistreated as a consumer by this credit bureau, and would like to lodge an official complaint in this regard.

Would you please look into the activities of this credit bureau, and their continual neglect of fair treatment of consumers.

Thank you for your attention to this complaint.

Sincerely,

Your Name

Your Signature

It is not a bad idea to include a copy of this letter of complaint when you write to the credit bureau again, so they will know that you are serious and unrelenting about your dispute.

Option #3:

Another way to get the attention of the credit bureau is write to your congressman or senator. In this letter, you should be expressing outrage at the conduct of the credit bureau in question. Use the following example:

Dear Mr/Ms...........:

I am writing this letter to you in order to protest the flagrant disregard shown

to me as a consumer by (name of credit bureau).

Over the past several months, I have been attempting to dispute negative and incorrect information contained in my credit records. However, all my attempts at communication with this credit bureau have been ignored. Frankly, I am outraged by this type of conduct and am writing to you to express this outrage, because I know you will take note of this type of behavior.

Thank you very much for your attention to this letter.

Sincerely,

Your Name

Your Signature

Credit bureaus do not like any type of confrontation with federal or state representatives. It is a good idea to include a copy of this letter with your dispute, just to let the credit bureau know you mean business and are tired of waiting around hoping for something to happen. At this stage, you need to show them that you are fully in charge of the situation and that you are ready to do anything, within reason, to achieve your ends.

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