Companies reporting trade lines must use an application which is up-to-date with all credit reporting laws and regulations and capable of accurately producing the Metro 2 Equifax requires all industries to report a minimum 500 accounts in the U. Please contact each repository you wish to report with and verify how many accounts they will accept for direct (in-house) reporting or reporting through The Service Bureau's processing service.
Each credit repository has their own policies for the minimum number of accounts to report.
You'll have proof of the date you mailed the dispute letter and you'll be able to track the time the credit bureau receives your letter.
You might also consider sending the letter with a return receipt request.
A representative from the credit bureau signs the return receipt and it's mailed back to you, giving you additional proof that your dispute was received.
Companies reporting good credit (positive tradelines) or bad debt (negative tradelines) to the credit bureaus, must first establish a Data Furnisher's or Service Agreement with each credit bureau (Equifax, Experian, Innovis, Trans Union) to which you will be reporting.
Date Your Name Your Address, City, State, Zip Code Complaint Department Name of Company Credit Bureau Address City, State, Zip Code Dear Sir or Madam: I recently obtained a copy of my credit report from your agency and found the following item to be in error: Item 1: I dispute [ABC credit card] account number . I am requesting that the item be [removed, updated, or other suggested change] to correct the information.This is a sample credit report dispute letter that you can send to credit bureaus.Use this letter to request an update to or a deletion of inaccurate information on your credit report.Writing a letter to dispute credit report information gives you a record of your dispute that you can use if you have to later file a lawsuit against the credit bureau.For example, you may be able to sue a collector who fails to update your credit report or who does not correct your information within the timeframe outlined in the Fair Credit Reporting Act.Credit bureaus typically have 30 days to investigate your dispute and respond to you.To track the time accurately, send your letter via certified mail.For instance, you can send a copy of cancelled check showing that you actually made a payment on time.Send copies of your proof and keep the originals for yourself.The information in your credit report has a significant impact on your life.It affects your ability to get approved for credit cards and loans, including a mortgage and auto loan.