Get Credit Card Forgiveness

It’s critical that you know how to write a dispute letter to the major credit reporting agencies. Do you understand that this letter for the credit repair process is addressed   to these companies who control your destiny through the scores they assign you  ?

 You may not understand , but there is no industry standard letter  written that will help you with a credit report repair procedure. With all the confusion and scammers  telling you how to repair bad credit, none of them will tell you that you can write a dispute letter yourself and it can be in your own handwriting and written in everyday language  .

 The first thing you have to do is to  obtain your reports  from Experian, Transunion and Equifax. These are the three major credit reporting agencies and they all have a their own way of assigning a number to you, labeling  you as a dead beat, a good credit risk or trouble.

 Clean up credit report by understanding that your journey begins with the collection dispute. You have to be able to articulate the problems with your file and express why the reporting errors should be deleted  . This is not difficult and you do not have to go into any long detail about your Uncle Tommy  stole the credit card and went on a buying spree . 

 All you have to do is note next to each error  that the account is wrong . This information is incorrect, please remove it. That’s all you have to say  .

The process takes thirty days once your request has been received by the credit reporting companies or the lenders. If you have an account that has been charged off , it is likely that your account is now in the hands of a collection agency and that is where you send your dispute letter.

 An example would be if you neglected to pay your Sears charge card  and after months of trying to collect, the lender is not successful. In that case the account is assigned to a collection agency.

Assigned is the same term for sold. The reason this is important to you is because you would no longer go to the lender to try to make a deal or to schedule payments or even to dispute the account.

 Once the account is in collection , for the most part, you are done and except in a few instances, your best bet is to settle and cut a deal with the collection agency . If you are smart enough to settle or get some credit card forgiveness, then you will be attempting to correct your credit report mistakes with one of the three reporting agencies.

 It is very important to know who to contact and what your chances are to settle or to make payments before the account goes bad.