The Importance of Getting a Credit Bureau Letter from Your Creditors

There are a lot of times that we take a credit, we default it and later on we settle it or repay it when we have the resources. We all go through good and bad times. In our bad times, these kinds of small disputes and bad reports are bound to happen. One should not be much worried about them. Once you repay the funds, the creditors are bound to remove them from your credit history.
Know Your Credit Report
We do not often check our credit reports. We should keep a check on it. Here are a few things that one should keep in mind.

• Credit history does not contains any unnecessary entry
• The settled debts are removed from the history
• The amounts and the figures given are correct
• Check them on a regular intervals

What to Do When There Is a Discrepancy
It is often found that the credit report is not correct. The creditor does not remove the past cleared debts or the figures shown are incorrect. Here are a few steps that you should take

• Check all the discrepancies
• Search the contact mailing or emailing address of the creditor
• Draft a letter
• Wait for 30 days for creditor to resolve the issue
• Send a reminder

How to Draft a Letter
Drafting the letter for the creditors is the most important step in addressing your problem in front of a credit bureau. There are hundreds of letters, which arrive at the credit bureau, but one should ensure that his letter is a high quality letter that gets a very prompt and proper response.
Write Your Own Letter
Do not copy a creditor dispute letter template, you can refer to a template, but you should draft your own letter. Drafting is the key. A self-written letter stands out and is paid a much greater attention than the standard template based letters. One can also give details of personal issues, to have a moral and personal appeal to the creditors.
Make Bullet Points
Ensure that you make a list of all the important points before writing a letter. You should never miss any point while writing the letter.
Attach All Supporting Documents
One should add all the important documents with the letter and they all should be mentioned in the letter. The list of the attachments can be separately given at the end of the letter for a better response.
Give Details of the Issue
Start from the credit details like credit date etc. and then give all the details of settlement process. This will make it much easier for the processing staff to track and process the details, the more dates and reference numbers you can provide the easier it becomes for the creditors to process the request.
When you have drafted a letter all you need to do is to wait for 30 days, you do not need to request the creditor again and again. A simple reminder in case the creditor does not resolves the issue within 30 days will solve the issue, as it is their duty to resolve these issues in 30 days.