53 Actionable Credit Repair Dispute Tips

Question 1

Send each bureau letter out on a different date

Answer 1

Max of 10 accounts per letter

Question 2

Max of 1 dispute reason per account

Answer 2

Do NOT sign your letters

Question 3

Do NOT falsely claim identity theft or “not mine”

Answer 3

Charge-offs WILL report a balance if unpaid or not sold

Question 4

Don’t dispute directly with a debt buyer

Answer 4

3rd-party collectors are NOT debt buyers

Question 5

Do NOT send a VOD to the credit bureaus

Answer 5

Do NOT send a VOD to the original creditor

Question 6

Do NOT send a VOD to a debt buyer

Answer 6

Make sure to send ALL required identification

Question 7

Don’t forget ot include your full name, address, date of birth and SSN on dispute letters

Answer 7

Don’t send pic of envelope for address proof

Question 8

Credit repair suicide = “not mine”

Answer 8

False id theft is attempt to benefit and defraud

Question 9

Key = dispute REASON not dispute letter or text

Answer 9

Templates get flagged by the 1st computer (OCR)

Question 10

certified mail does not = faster investigation

Answer 10

A regular stamp will do

Question 11

Don’t bother trying to beat the OCR

Answer 11

Dispute all inquiries with the creditor, not the bureau(s)

Question 12

Buraus never furnish docs or proof

Answer 12

Bureaus report whatever they are paid to

Question 13

Ask for an independent investigation

Answer 13

CFPB comes after exhausting all remedies

Question 14

Holiday season: max of 3 accounts per letter

Answer 14

Use the flashcard system to map letters

Question 15

Use VERY clear dispute reasons with facts

Answer 15

Removing an old negative account can DROP your score

Question 16

You do not have to remove ALL negative info

Answer 16

Late payments MUST begin with 30 day lates; otherwise the previously-reported paid on time months are inaccurate

Question 17

Bankruptcies MUST report the city and states

Answer 17

Collections can’t have a past due

Question 18

Collections can’t have late payments

Answer 18

Charge-offs cannot have a monthly payment

Question 19

There should be no activity after the account was closed

Answer 19

Mail received is yesterday’s news

Question 20

You cannot fax letters to the bureaus anymore

Answer 20

If you dispute online, you give up rights under sections 623 and 611

Question 21

Section 609 has absolutely nothing to do with contracts and signatures and everything to do with disclosure of source, as in the PERSONAL or COMPANY and their contact information

Answer 21

Section 605 can be used to remove bankruptcies

Question 22

Deleted accounts that are added back to the credit report can be permanently removed under section 611

Answer 22

When making CFPB complaints

Question 23

Don’t bother with phone disputes - it is a waste of waiting 2 hours on hold

Answer 23

You can go to jail for 6 months for fraud for using the identity theft method with police report if you are not a victim of identity theft

Question 24

All dispute rounds should be factual - don’t 1st start with 1 method and then switch to another

Answer 24

Facts should always be used directly from the credit report - sending out generalized disputes can hurt you because the longer you dispute, the harder it is to get the accounts deleted or updated

Question 25

Make sure to stay inside the top of the Pyramid for dispute reasons, because you may end up with nothing other than a correction of a date or balance instead of a deletion

Answer 25

Don’t bother trying to beat the OCR with coffee, staples or ink - instead, learn to dispute the right way and get results