The Factual Dispute Guide
The Factual Dispute Methodology is an important distinction for individuals who seek to restore their credit by referencing the Fair Credit Reporting Act (FCRA) to dispute inaccurate information. Nearly 80 percent of all credit reports in the US have inaccuracies that need to be modified.
There are several types of negative items you will find on a credit report including inquiries, late payments, collections, bankruptcies, foreclosures, repossessions, judgments, and charge-offs. When examining a credit report, the first step is to determine whether each piece of information adheres to the following standards:
1. Is it Accurate?
2. Is it Complete?
3. Is it Verifiable?
Once you have marked up the credit report with the items that are inaccurate, incomplete, or unverifiable, prioritize those that you will dispute first. Gather supporting documents that prove the inaccuracies on the credit report. These can include payment receipts, bank statements, and any relevant information.
Send your dispute letters priority mail so you get a reciept that it actually was delivered and received. Wait 21- 45 days for a response and monitor your credit report. (We suggest IdentityIq which also assist you in repairing your credit)
The Factual Dispute Guide is your best choice to increasing your chances of removing negative items from your credit report.