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How To WRITE A Dispute Letter 2022 DISPUTE CHARGE OFFS & COLLECTIONS - YouTube
Channel: Life With Jazzy Mac
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Hey guys. Have you been trying to
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improve your credit score and nothing
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really seems to be working? Have you
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started the dispute process to get those
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negative items? Deleted from your report
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and they keep coming back? Verify will
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stick around because today I'll be going
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over the top mistakes that people
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are making that keeps you from
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getting those negative items, deleted and
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boosting your credit score and
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as a special bonus, I'm Going to
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throw in the exact components
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that your dispute letter should have
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in order for you to see some results. So
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stay tuned, guys. Hey everyone,
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welcome back to my channel like for Jazzy
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Mac for everyone that has like And subscribe.
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Thank you. Thank you. Thank you so much.
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Thank you for sharing this video and
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other videos with people and helping our
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community to be educated. And to be
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empowered you guys, if you're new
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to my channel, go ahead and hit that like
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And subscribe. Bye. A whole
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lot more videos coming out that you're not
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going to want to miss. So let's
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Jump Right In. Now in my previous
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videos. I talked about how to get
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those negative collection items deleted
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from your credit report, you know, those
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items that are like keeping you in the
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500s, when you're like, trying to buy
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a house and you're trying
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to get your credit on track, like those
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accounts. That just won't go away. I
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talked about that in my last video. So
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as a follow-up to To getting those collection
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accounts removed from your credit
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report. I want to tell you some of
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the biggest mistakes that I've been seeing
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people do. That is costing you big
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time. The first
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mistake that most people make is,
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they choose to be difficult
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and they want to dispute everything
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online people. I've said
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it before disputing. By mail is
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the most efficient way to It a negative
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collection account removed When
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you dispute something online, you're basically
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giving up your rights to Arbors arbitration, your
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also agreeing to a three-day dispute process,
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which pretty much means that you're agreeing
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to let a computer scan your
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dispute and ultimately give you results
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which most times they're going to come
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back verified. Now, I've talked
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to you about why using mail
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to do your disputes with your handwritten letters,
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why that's the most efficient way if
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that doesn't It makes sense to you or
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you don't remember go back and watch the
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previous videos. So
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don't make that mistake. Again, always dispute
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by mail. Now the
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second mistake that I'm seeing people make
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is your sometimes doing pay
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for deletions. Now, I've already
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explained in the previous video,
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why it's not necessary to do a
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pay for deletion when you're paying
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to have an account deleted from your credit
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report. However, if you To throw
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away money, then you want to make
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sure that you at least get it in writing
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that the company intends on removing
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that- collection account
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from your credit report. If you agree
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to pay for something many people are
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paying down accounts. They're paying
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our balances that are in collections
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and they're still seeing it on their credit
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report. This is not going
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to help you. The account needs to be
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completely removed in order
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for you to see any type of Of credit score
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increases. So, if
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you're going to take that route, which
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I don't recommend always get it in writing.
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First, and my previous
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videos, I talked about why collection fees
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are typically illegal in Most
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states. And why if you have
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an account on your credit report,
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that has like those extra collection
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fees attached to it, that usually
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will be enough for you to dispute it
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and get the entire account removed.
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Um because those collection fees are
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illegal and they generally invalidate the
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account. So go back and watch my other
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videos. I explain more about that. The
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next thing that I'm seeing people
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do even when they mail
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in their letters, they're not
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using signature confirmation or
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delivery confirmation people.
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I understand it when you mail in a
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letter it only cost maybe like 50
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cents to mail that letter off and
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you You want to just mail it off and
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wait to hear back. However,
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I always tell you to do
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the signature confirmation because you
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want to have proof that someone
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has actually gotten your letter and
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has opened it up and signature confirmation
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through UPS or through
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FedEx, or whoever you use
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for your postage services, that
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is going to be your proof that someone
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actually got your letter. Versus
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someone at the credit bureaus saying, oh,
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we never got a letter from this person must
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have gotten lost in the mail. So you
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always want to have that paper trail attached
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to anything that you send a
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credit bureau, especially when you're disputing
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something. Alright, so
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the next mistake that I often
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see people make is
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sometimes when we dispute
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things, you guys may
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not realize it, but but sending
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one dispute letter to just one
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credit bureau is not efficient.
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None of the credit bureaus share information,
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TransUnion, Equifax and Experian
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are all independently operated
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into T's. They don't cross reference
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information. So if you dispute it something
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with TransUnion that happens
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to also appear on your Experian
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and Equifax credit reports,
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they even if one delete
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something Bet isn't going to automatically
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make the other to fall in line because again,
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they don't share information. So you
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want to make. Sure if something is showing
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up under all three credit bureaus
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that you're sending three individual
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letters, three separate letters and
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I have the addresses also down below. I
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have them in my templates. If you don't
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want to take notes for any of this. I've
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made it easy for you. I put together a
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template with all of this information in
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it. And also
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the address is so make sure that
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you're sending In separate letters and
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don't just assume that the companies are
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going to all do the same thing every
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now and then you might have to dispute something
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multiple times multiple months.
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And so that's why it's important to
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not assume that sending one letter
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is all it takes like you have to
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do the work. So the
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next thing that
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I am seeing people do sometimes,
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one of the other biggest mistakes that
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you can make is to, Dispute
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something in the mail with the credit bureau
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and the letter that they send
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you back, says that the items you're disputing
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are verified and then you throw in the
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towel. Then you just completely give up,
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please don't do this. There have
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been times where I've had to dispute something
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multiple times. If you dispute something
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the first time and it comes back verified.
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All you have to do is write a follow-up
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letter. That says, I
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would like to know what was The
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method of verification that
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you used in order to verify
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the accounts listed below, that's going
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to be your follow-up letter for anything that
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comes back verified. Again you're using
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mail to do this and you're going to
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put delivery confirmation and signature confirmation
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on it. Going to spend an extra five dollars
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to create a paper trail. So
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this will start the dispute
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process again, and
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it's also I'm going to force that person
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to show you how they verified it. Dances
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are, they can't. They're getting thousands
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of letters a day. It's like almost impossible
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for them. To show you how something was
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verified and so usually they just go
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ahead and throw in the towel when they're
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just like, will delete it. We can't
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show you that. We don't have that information.
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So make sure that you don't
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just get stopped in your tracks because something
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comes back verified, like, don't
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give up so easily. So,
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let's see. The
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other thing that I wanted to talk to
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you guys about was
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the six parts that you need
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to make sure your dispute letter has.
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So I'm just going to fly through these
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things because again, I've talked about
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them in previous videos. I also
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have the templates available for you.
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So we're just going to fly through these
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things. The first part of your dispute letter
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should always have number one, your personal
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information. So at the top, you want to
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always list out your name, your address, your
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date of birth, and It may be the last
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four digits of your Social Security number
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just for like identifying purposes.
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So that's just, you know, the
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basics listed out the
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second part that you want to always
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ensure that you have in your letter is
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an opening, dispute statement.
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All this says and put something like hey,
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I intend to dispute the below
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items that you're going to list out.
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It's very simple. It doesn't have to
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be Anything fast you just fancy.
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You just want to ensure that
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you're telling them at the top of the
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letter that this is a dispute letter.
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That you're disputing the items within
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that letter. So the third part
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that you want to make sure is listed
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in each one of your letters for each credit
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bureau, is the account information
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for the account that you're disputing. So
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you want to make sure you list out the
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company name, along with the
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associated account number as it
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appears. Is on your credit report, you
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want to be very specific and very
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accurate about what you're actually disputing.
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You can't just say, hey, I want to dispute
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everything on my credit report because then
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you're going to be treated as someone
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that is submitting a frivolous claim
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or frivolous dispute. Your disputes
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can be tossed. Your accounts can be
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your name. Essentially can be flagged, so
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you don't want to do that. I just said,
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if you're going to dispute anything, do
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not dispute. More than five items.
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Per month, 5
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is the max. And if you don't have five
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items to dispute, then obviously, when
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it comes to your collection accounts, you
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only dispute the number of collection accounts
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that are on your credit report, but 5
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is the max per month. The
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next thing that you want to include in.
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Your letter is What's called the fcr
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loss statement that basically says, hey
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if you cannot verify these items,
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I need you to delete these
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items according to the f. ER, late
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if CR a laws.
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I also put that little statement down
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below for you guys. It's convenient. It's
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also in my templates, but basically, you
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want to remind them again that you are
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disputing these things and because you're
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disputing them, if they're not gone
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in 30 days of that investigation,
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that they need to be deleted.
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So we're just letting people know that,
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we know the law, we know our rights and
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the next When you sign
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your letter, do not put it in Carson,
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print your name at the bottom. The
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reason why I forbid you from
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using cursive is because as far as
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the verification process goes, you don't
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want to sign something. And
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basically have it used as, like evidence
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against you, where they say. Oh,
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we have this signature on this letter. We're
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going to match it to some signature
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on a collection account
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that they They have let's not make it
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easy for them. You want to make them work?
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So you don't want to give them any clearer,
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you know, indicators of, you know,
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verification or anything like that.
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So and print your name
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do not sign it in. The last
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thing which I think is the most important thing
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and that's why I'm going to emphasize it
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again is signature
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confirmation, delivery confirmation.
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It looks like this people.
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Okay, it Just like an extra five
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or six bucks at your local post office.
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It may be the same amount if
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you go through UPS or FedEx. However,
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this is your paper trail. This is your
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proof for if you dispute
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something and it comes back verified.
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Then you're going to ask for the method
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of verification and you don't ever
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want those letters that you're sending
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to get lost in the mail.
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You always want to have a paper trail and
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if you You ever had to like take
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the credit bureau to pour or like threatened
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to report them to
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the Consumer Finance Protection Bureau.
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You want to include a copy of that in
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your complaint that says, hey I have disputed
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this twice now. And
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this was the date that the dispute started,
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because this is the date that shows, it
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was delivered, and they never
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verified those items. And they fail
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to delete those items from
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my credit report. So if you ever have
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to Out that cfpb.
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Complaint. You want to be able to show
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like, hey, I have proof that I submitted
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a dispute and they didn't follow,
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you know, the fcra laws or guidelines.
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So people, I really, really
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hope that that helped like clarify
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some mistakes. That some of you may
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have made or some of your friends could
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have made if you're getting ready to
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dispute anything that's in collections,
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then make sure you go back and watch the
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Previous videos that I did on that. And
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you guys, thank you so much. I'll see
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you in the next video. Don't forget to
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like And subscribe. Like if
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you have not hit the Subscribe button after
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I just gave you all that valuable information.
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Like come on. Let's look matter with you.
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Like hit subscribe. Share this video with
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somebody help somebody out. Keep somebody
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from making these, very
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common mistakes because they can cost
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you in the long run. All right, guys.
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I'm Jazzy Mac. And until next
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time, I will see you later. Stay
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safe, everyone. Bye.
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