Name of CRA
Address of CRA

Dear CRA (Give the name here),

I would like to dispute the inaccurate information on my credit file. The item(s) have been listed below and a copy of the credit report has been attached with erroneous information circled in red.

Creditor name, account number

Description of item

Item(s) and description of what you want to do with it (i.e. correct the item or remove the item) and provide with valid proof to support your claim.

With compliance to the FCRA, I would request you to investigate into the matter and update my credit report accordingly.

If your investigation validates the record on my file, please provide me with the explanation of the procedure of your investigation to determine the correctness of the item(s) within 15 days of your completion of the re-investigation, obligatory to the FCRA.

Please update the necessary changes and send me the copy of the updated credit report.

Thanks,
Sincerely,

Signature
Printed name

Enclosure: give the description of what has been enclosed with the letter.

Your Name
Your Address
Your Phone#

Dear Creditor,
Re: Account Number__________
I am writing this letter in order to request your help and understanding. Back in [year when the negative item was listed], I lost my job and made a couple of late payments, even though I hated paying late. I do feel bad about it even now. However, I did get current on the account (listed above) as soon as my financial standing improved. I have in fact made timely payments since then. I’ve been working hard to make financially responsible decisions and get better control of my money.

I am now buying a home but having difficulty in receiving an affordable mortgage rate due to the negative listing on my credit report. Thereby, I would request you to kindly remove this negative item as a gesture of goodwill. Your kind gesture would be sincerely appreciated.
Yours truly,

Your Signature
Your Name

Source:debtconsolidationcare.com

Your Name
Your Address
Your Phone#

Dear Creditor,

Re: Account Number__________
This letter is to notify you that I hereby revoke your right to use the wage assignment I have signed on [date]. You will no longer have my permission to use this wage assignment.
Yours sincerely,

Your Signature
Your Name

Source:debtconsolidationcare.com

Your Name
Your Address
Your Phone#

Dear Creditor,

Re: Account Number__________
This letter is to make you aware of my current financial problem due to which I am unable to make payments on my debt account stated above. However, I have no plans to file bankruptcy, but I also do not intend to default on my account.

I do have some income coming in from sources like [name the sources here]. However, I have already communicated with some of my creditors requesting them to accept a reduced payment of $________ in place of my regular payments of $__________. I can assure you that I shall not add to any new debt until and unless my financial situation gets better.

I hereby notify that I shall update you about my financial situation at regular intervals and continue to make normal payments as soon as the situation gets better.

I appreciate your co-operation in advance.

Yours sincerely,

Your Signature
Your Name

Source:debtconsolidationcare.com

Your Name
Your Address
Your Phone#

Dear Creditor,

Re: Account Number__________
This letter is a written request for a temporary change in the repayment terms of my debt account. I am currently going through financial crisis and may not be able to follow the current payment plan. Neither do I plan to file a bankruptcy nor do I intend to default on this debt.

I do have some income from [mention income sources]. However, when I examined my financial situation and planned a budget, it became necessary for me to request each of my creditors to accept a reduced/alternative payment plan for a number of months (specify the number, if possible).

I would appreciate your co-operation in making this payment plan effective shortly. I request you to accept a monthly payment of $____________ instead of the regular payments of $____________ made on the [date] of each month. I hereby assure you that I shall not add to my debt till my financial situation improves.

I shall begin making regular monthly payments as soon as I recover from this financial crisis. I hope you will understand my situation and co-operate with me. I shall surely notify you of any change in my financial situation.

Your co-operation during this difficult time is highly appreciated.

Yours sincerely,

Your Signature
Your Name

Source:debtconsolidationcare.com