Example Letter To Dispute and Remove Derogatory Credit

July 18, 2007
By Naomi Monk

From the Credit and Debt Solutions Department

Having a good credit report is important to obtain the most favorable rates and terms for real estate financing, whether it be for your home or commercial property. 

While there are loans available to borrowers without good credit, if you do a little work yourself to dispute some bad or derogatory credit accounts on your report, you will have many more options to choose from.

Here is an example letter you can use to dispute derogatory credit:

<Your Name and Address Here>
<Creditor Name and Address Here>

<Date>

RE:  Account #________________

To whom it may concern:

I am writing to dispute the validity of the above referenced item pursuant to the Fair Credit Reporting Act.  The Fair Credit Reporting Act requires you to verify the validity of the item within thirty (30) days.  If the validity cannot be verified, you are obligated by law to remove the item.

In the event tha you cannot verify the item pursuant to the Fair Credit Reporting Act, and you continue to list the disputed item on my credit report, I will find it necessary to sue you for actual damages and declaratory relief under the Fair Credit Reporting Act.  Because the Fair Credit Reporting Act provides concurrent jurisdiction in federal and state courts, I shall elect to use the <insert jurisdiction in which you live, e.g., Riverside County (CA) Superior Court> to bring appropriate action against you.

While I prefer not to litigate, I will use the courts as needed to enforce my rights under the Fair Credit Reporting Act.

I look forward to a speedy resolution of this matter.

Sincerely,

<Your signature>
<Print your name here>
<Print your address here>
<Your SSN here>


For additional creditor deletion letters click here

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