Free Credit Repair Letters

Posted on October 24, 2008
Filed Under Credit Repair |

These letters can be done on your own; however, you need to follow up and stay on top of these companies until you have a response.

And of course as always, I do recommend having Lexington Law Firm help you out with these letters if you are feeling overwhelmed. You pay to have your oil changed in your car; why not pay a legal firm a small fee to have your credit repaired? It will save you thousands in the future.

Your letter can go something like this:

Re: Unauthorized Credit Inquiry

    Dear American Express:

    I recently received a copy of my Experian credit report. The credit report showed a credit inquiry by your company that I do not recall authorizing. I understand that you should not be allowed to put an inquiry on my file unless I have authorized it. Please have this inquiry removed from my credit file because it is making it very difficult for me to acquire credit.

    I have sent this letter by certified mail because I need your prompt response to this issue. Please be so kind as to forward me any documentation that you have had the unauthorized inquiry removed.

    If you find that I am remiss, and you did have my authorization to inquire into my credit report, then please send me proof of this.

    Thank you in advance,

Your Name

OK, so you have gotten your credit report in the best shape possible and you are trying for that new home. BUT, your credit still has some dings. Even though you may qualify, the lender will ALWAYS ask you to explain any lates on your report. This letter will not help a desperate credit situation, but may make a difference in a marginal one.
The basic premise of this letter is:
• The situation you were in which caused you to pay late was beyond your control
• You have vowed to never let it happen again
• Here are the things you have done to make sure it doesn’t happen.

To Whom it May Concern:
I am writing this letter to explain my late payments on my mortgage to XYZ mortgage company and to American Impressed in Jan 2000.
I am saddened and even distressed that this has happened to me, but I was <laid off>, <seriously injured>, <going through a death in family>. The circumstances drained my carefully put aside savings and I was forced to miss a payment because of it. My financial advisor told me not to tap into my 401K, and I was able to recover from this crisis and begin making on-time payments.
I have always prided myself in paying on time, and I have taken steps to put away more money in my savings account to guard against other unforeseen occurrences like this.
Sincerely,
Your signature

Letter Requesting inaccurate late payments removed from your credit report:

To Whom it May Concern:
Your Name
SSN XXX-XX-XXXX
Address: 1 E. Any Street, Anytown, USA
(Current address for last 5 years)
DOB: 1/1/00
I’ve just reviewed my credit report and have noticed there are several inaccurate items on my report that need to be corrected:
Chase VISA Acct: xxxxx-xxxxx-xxxx-xxx:
This account is listed as being 30 days late. I have never been late on this account.
Sears Acct: xxxxx-xxxxx-xxxx-xxx:
This account is listed as being 30 days late. I have never been late on this account.
MBNA Acct: xxxxx-xxxxx-xxxx-xxx:
This account is listed as being 30 days late. I have never been late on this account.
Please remove these inaccurate late payments from my credit report, and send me documentation that these items have been completed.
In addition, there are a number of credit accounts which have been inactive for more than 7 years. As you know, the FCRA states that all credit accounts older than 7 years should be removed from my report. The following accounts should be removed:
Diner’s Club Acct: xxxxx-xxxxx-xxxx-xxx:
GE Consumer Card Acct: xxxxx-xxxxx-xxxx-xxx:
Macy’s Acct: xxxxx-xxxxx-xxxx-xxx:
I have enclosed a copy of my driver’s license as proof of identity. If you need anything in addition to the information provided, please contact me at (phone number).
Sincerely,

Your Name

From FTC.gov
Sample Dispute Letter

Date
Your Name
Your Address
Your City, State, Zip Code
Complaint Department
Name of Company
Address
City, State, Zip Code

Dear Sir or Madam:
I am writing to dispute the following information in my file. The items I dispute also are encircled on the attached copy of the report I received.
This item (identify item(s) disputed by name of source, such as creditors or tax court, and identify type of item, such as credit account, judgment, etc.) is (inaccurate or incomplete) because (describe what is inaccurate or incomplete and why). I am requesting that the item be deleted (or request another specific change) to correct the information.
Enclosed are copies of (use this sentence if applicable and describe any enclosed documentation, such as payment records, court documents) supporting my position. Please investigate this (these) matter(s) and (delete or correct) the disputed item(s) as soon as possible.

Sincerely,
Your name
Enclosures: (List what you are enclosing)

The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint or to get free information on consumer issues, visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters consumer complaints into the Consumer Sentinel Network, a secure online database and investigative tool used by hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.

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