To dispute a bad credit item on your TransUnion credit report you must use the dispute process. This is done by hiring a service or creating a dispute letter.
You should know that you must file a dispute separately with each credit bureau. Failure to do this and you may remove an item from your TransUnion report, however that item will still be shown on your Experian and Equifax reports.
In your letter you need to include what item you are disputing and the reason for the dispute. Reasons include; item out of date, information is wrong, account paid, and more.
Upon receipt of your letter TransUnion will conduct an investigation. They will contact the creditor and ask them to verify the account, the dates, and the balance.
If the lender is unable to verify the account then the item must be erased from your credit report. Often an investigation will result in the removal of a bad credit item.
Should your item be verified a service with lawyers on their staff can use advanced dispute techniques to remove negative items. These techniques include; debt validation, escalated dispute information requests, and creditor direct intervention.
Many people are concerned with credit repair being legal or not. Credit repair is in fact legal the Fair Credit Reporting Act that Congress passed gives the consumer the right to dispute any item on their credit report that they feel is inaccurate.
We recommend saving all your communications with TransUnion. Also the credit bureaus have started allowing people to dispute items online, we have found this to be an ineffective way of disputing items on your credit.
Be aware that the 100 word statement that you can place on your credit report is never a good thing to fill out. In the past this is where consumers could provide a brief explanation as to why an account became delinquent.
Today if you fill out this statement it will more likely be used by the bureaus. The bureaus use this as verification that the item is accurate and they will deem any dispute letter you send as frivolous and ignore it.
In sum you can remove bad credit items from TransUnion. This is done by disputing the item.
You should know that you must file a dispute separately with each credit bureau. Failure to do this and you may remove an item from your TransUnion report, however that item will still be shown on your Experian and Equifax reports.
In your letter you need to include what item you are disputing and the reason for the dispute. Reasons include; item out of date, information is wrong, account paid, and more.
Upon receipt of your letter TransUnion will conduct an investigation. They will contact the creditor and ask them to verify the account, the dates, and the balance.
If the lender is unable to verify the account then the item must be erased from your credit report. Often an investigation will result in the removal of a bad credit item.
Should your item be verified a service with lawyers on their staff can use advanced dispute techniques to remove negative items. These techniques include; debt validation, escalated dispute information requests, and creditor direct intervention.
Many people are concerned with credit repair being legal or not. Credit repair is in fact legal the Fair Credit Reporting Act that Congress passed gives the consumer the right to dispute any item on their credit report that they feel is inaccurate.
We recommend saving all your communications with TransUnion. Also the credit bureaus have started allowing people to dispute items online, we have found this to be an ineffective way of disputing items on your credit.
Be aware that the 100 word statement that you can place on your credit report is never a good thing to fill out. In the past this is where consumers could provide a brief explanation as to why an account became delinquent.
Today if you fill out this statement it will more likely be used by the bureaus. The bureaus use this as verification that the item is accurate and they will deem any dispute letter you send as frivolous and ignore it.
In sum you can remove bad credit items from TransUnion. This is done by disputing the item.
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For more about how to proceed with a TransUnion Dispute or for a review of Lexington Law a suggested credit repair service visit us.
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