Credit Lesson #5, What To Expect
What To Expect – The 3 Outcomes Of A Dispute
This is where it gets good… particularly #3.
1. If the listing is not mentioned in the results list, you must have forgotten to include it, or your request was not sufficiently clear. You will need to dispute the item again in your next dispute letter. The bureaus are legally obligated to respond in writing within 30 days, so if they don’t, it is highly unlike they are ignoring you.
2. The disputed item was investigated but verified. If you don’t get the item removed, most likely, the credit bureaus will have just given you a cryptic reason as to why the “item verified”. The creditor may have responded to the credit bureau’s request for re-verification. They may have simply said that the listing was correct, and in this case, the bureau will take their word for it.
Now it is up to you to prove to the bureau that the item is not correct. The law required that the bureaus accept any proof you may submit, as well as to pass any documentation you provide on to your creditor for consideration, so be sure to send any documentation you can, if you didn’t do it the first time. You could also try disputing the listing again at a future time. Who knows, you may get lucky, and a different employee of the creditor may not be able to verify the item.
3. The disputed listing was investigated as to the correctness of the information within the listing (such as late pay notations) and the listing was found to be inaccurate or unverifiable. Remember, if the creditor doesn’t respond to the bureau at all, this is the same as the listing being unverifiable. In this case, the negative listing will now show up as a positive listing, or it will be deleted from your report all together. This is the best possible outcome.
If you are not getting the desired results from the credit bureaus…
Credit bureau disputes are not handled by computers, but by people, so the possibility that your claim was misunderstood, overlooked or mishandled is good. Fixing your credit takes time, but there is one way to ensure that your claims are expedited and disputed to give the most efficient results, and that is by using a reputable credit repair service – For a small monthly fee (about $40/month) you can have a credit attorney work on your side to get your credit score cleaned up! I personally have known a lot of people who have gotten amazing results with Lexington Law Firm…
Next Lesson: How To Make Sure Your Negative Items Get Removed!
-Dave
3118 Sweetwater Spgs Bl, Spring Valley, CA 91977, USA
in this times of economic recession, sometimes it is difficult to have a great credit score`~.