A Free Credit Repair Letter – What Is It?
Filed under Credit Repair Letter
There are many kinds of letters you can send that will eventually help to repair your credit. One free credit repair letter won’t immediately wipe out an entire history of bad credit. If someone does offer to write you a free credit repair letter that will get you a brand new credit history or eliminate all of your bad credit history, kindly refuse the offer.
What Are Free Credit Repair Letters?
Although so much about business is done online, there are still some things that have to be done by old-fashioned regular mail. Free credit repair letters can be typewritten or hand written, but they need to be actually signed by you in ink. If you’ve every written a business letter or a cover letter for a job application, then you already have the skills to write a free credit repair letter. If you are not sure what a good credit repair letter looks like, you can go online to see a sample credit repair letter.
Some types of free credit repair letters are communications with people who claim you owe them money – whether it’s just one person, a company or debt collectors. For example, you may receive a letter from someone demanding you immediately pay old debt. You can write to them asking for them to prove that you owe them money (technically called a debt validation letter).
The Most Common Type
One of the most common kinds of free credit repair letters is called a dispute letter. As the name implies, you are disputing part of the information on your credit record. These types of free credit repair letters are only sent to the credit report agencies Equifax, TransUnion and Experian. These are the three companies that give free credit reports to everyone in America.
You should get these free reports every year and look at them closely to be sure that all of the information is accurate. For example, if they’ve spelled your name wrong, this can wind up being a serious problem years down the line and needs to be corrected immediately. You just write a polite letter stating your point of view and asking that the information be changed.
