Dispute Credit Report

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I have a collection agency after me for a debt. If I dispute the debt and the credit reporting agency does not get a validation, I know they will remove it from my credit report, but will the collection agency have to write it off as well?

Best Answer

Most likely they will get the validation and it will not be removed. But if they do not get it, its does not make your debt go away from the creditor or collection agency. They can either bug the heck out of you or sue you. In some cases after a period of time they will write it off and you will have to pay taxes on it as it was income for you. However even if the original creditor writes it off they can still sell it to a collection agency and the process starts all over again. Why don't you just pay it? You can also try to settle it for a lower amount but get it in writing from them. This will also affect you credit for a few years. I am assuming you really do own the money.

Im trying to figure out what to write to dispute credit inquire.

Best Answer

You can now dispute with all of the bureaus online or by phone. If you want to send a certified letter through the mail, below is a link for a sample letter to dispute items.

Im trying to figure out what to write to dispute credit inquire.

Best Answer

You can now dispute with all of the bureaus online or by phone. If you want to send a certified letter through the mail, below is a link for a sample letter to dispute items.

If I do dispute two enteries on my credit report for the same credit card company and they do validate it, will the statue of limitations start over??

Best Answer

No it will not start over again, but if you make any sort of payment to them it will. Good Luck!

I'm currently disputing a few negativie items on my credit report. My question is this: Do i have to send one letter for "each" negative item dispute along with a copy of my credit report, even if I disputing the items with the same credit bureau? Because if that is the case, I would have to print alot since credit reports contains many pages. Or, can I just simply "list" all the negative items that I'm disputing, in one letter with one copy of my credit report (with highlighted dispute items)?

Best Answer

You can send all of your disputes on one letter to each bureau. You can include a copy of your report, but you do not need to send a copy. However, if you do not include a copy just be sure to include the reference number that was found on the report. Then in the letter you need to specify the account number/name, and why you think it is wrong. Just remember that for each negative item you need to send the proof why you think it is wrong. This could be copies(never send originals) of the canceled checks, statements, or letters. Also make sure you send it certified with return receipt. Here is a link to a sample dispute letter