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If after Round 2 of disputing inaccurate and unverifiable data with the credit reporting agencies hasn’t produced the desired results, dispute those accounts again, but this time use Round 3 Dispute Letters, with the credit bureaus: (Equifax Dispute Letter 3) (Experian Dispute Letter 3) (Transunion Dispute Letter 3)
For Round 3, you’ll need the following:
- Driver’s License or State ID
- Social Security card
- Utility bill (If you don’t have a utility bill in your name, then use your lease, bank statement or tax documents as proof of address.)
- Make 3 legible copies of personal ID and proof of address
- Gather envelopes and stamps for mailing
- Address the envelopes, one to each credit bureau you are disputing with: Equifax, Experian, TransUnion
3. Credit Monitoring Service
- Log into your active credit monitoring service
- Locate negative accounts on your credit report
- Compare the disputed negative items from Round 2 with your updated credit report
- Use the Round 3 Dispute Letters found in the resource section, and edit the blue text with your personal and account information
- Dispute the same negative accounts remaining from round 2 on round 3
- Use a different reason for the dispute
- Print dispute letters
- Place the copies of your Driver’s License, Social Security card, utility bill, and the completed Round 3 Dispute Letter in each respective envelope
- Place postage stamps on each envelope
- Take letters to the post office for mailing
- Monitor your progress by completing this process every single round and record it on your tracker
- Record the account name, account number, your current FICO score, the results once you receive them and the mailing dates on the Credit Repair Results Tracker
Words of advice
- Once the credit bureau receives your Round 3 Dispute letter, they will either respond by sending you the contract with your signature on it, or notify you that it does not have the original contract.
- The credit bureau may delete the account from your credit file without you having to do anything else.
- If the delinquent account remains on your credit file, you’ll have to dispute it with the credit bureau again.
- On the dispute letter, simply point out that the information can’t be verified by the creditor/ collector or the credit bureau, so it needs to be removed permanently from your credit file.
- if the credit bureau is able to produce the original contract with your signature, the account may remain on your credit file until it drops off your credit report when it’s timed out. This is 7 years from the filing date.
- You do have the option to go back and dispute with the creditor/ collection agency if the credit bureau refuses to delete the account.
- For each negative account that was removed from Round 2 disputes, replace it with a new negative account to dispute in Round 3
- Use the 90 on, 90 off method
- Keep disputing for a minimum of 6 months
- If the negative account remains after 6 months, consider a settlement or pay for delete and then dispute it with the credit bureaus within 30 days
- Do not apply for any new accounts
- Do not close any open accounts
- Do not increase your debt to credit ratio
- Do not cosign
- Do not dispute any account with a balance of $900 or beyond
- Do not miss any payments on any of your accounts
- Check your credit report every 30 days
- Keep your credit monitoring service active
- Do not file for bankruptcy without first consulting an attorney
- Do not incur any new negative accounts
- Once you reach a 640 credit score, start building your credit
- Become an authorized user on a responsible person’s credit card
- Apply for a credit builder loan with Signature Loan
- Apply for a secured credit card every 6 months. If you’re not approved for a secured card, then apply for a department store credit card
- Keep debt utilization below 30%
- Ask creditor for a credit line increase and give a specific dollar amount, also ask the creditor to not do a hard pull inquiry on your credit in order to get the credit line increase
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