What To Do If Your Credit Dispute Is Rejected Or Flagged As Frivolous
Consumer’s Notice Error Two-thirds of consumers notice errors on their credit reports which mean having to file disputes to have them corrected. However, even when the information is erroneous your dispute can be rejected or flagged as frivolous.
Red Flag You may be doing things that send out red flags to credit reporting agencies marking your dispute frivolous.
What makes a dispute frivolous?
Flooding Never flood credit bureaus with your dispute letters hoping that it would be seen and answered. This will only result in having your item removed.
Tone of letter Check the emotion of your letter whether it’s too “smooth” or angry. Knowing how your letter comes across to the reader can greatly affect the outcome of your dispute. Never use foul language or a template and make sure it isn’t grammatically erroneous.
What to do when your d ispute has been marked as frivolous ?
Review your dispute Make sure you didn’t miss a detail and that all paperwork is in order to back up your claims.
Know your rights Credit bureaus have 5 days to inform you about their decision in marking your dispute as frivolous. This allows you to contest their claim and make your dispute a legitimate one if not; you can sue them under the Fair Credit Reporting Act.
Add a statement to your credit report
Use your 100 word statement entitlement on your credit report to notify lenders about a dispute on your credit report.
Contact the debt furnisher
Go to the source of the error and take legal action against them if they do not rectify the falsity of information and report it to the credit bureau.
Ask for help Seek help from professional credit repair services who can take care of a dispute on your behalf. They have credit attorneys who can send a legal letter and take matters to the court when needed.
Be persistent Do not be disheartened when your credit dispute tarries. Persist because discrepancies can damage your credit.
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