– Mark Clayborne here, founder of startupcreditrepairbusiness.com, your mentor, your coach, and your lead generation master. Now in today’s training, we’re gonna talk about the creditor dispute letter. That’s right, the creditor dispute letter. Now in the last video that I did, we talked about debt validation letter. Now in this video we’re gonna talk about the creditor dispute letter. Now the question is, what is a creditor dispute letter? And why is it different from a debt validation letter? And why is it different from just a basic dispute letter to the credit bureau? Now a creditor dispute letter allows you to dispute directly with the creditor. Chase, Wells Fargo, Macy’s, Walmart, these are your creditors, these are the people or companies, or organizations that place the negative item on the credit report. So they report it to the credit bureau. You went late, your customer went late, the creditor put the information on your credit report. Now the law, I’m not an attorney, so don’t interpret this as legal advice, but the Fair Credit Reporting Act allows you now to dispute directly with the creditor.
Before, you could not dispute directly with the creditor, but now, the Fair Credit Reporting Act was amended, with FACTA Act, which now allows you to dispute directly with the creditor. Now if you notice, when you do some disputes with the credit bureau, and it comes back verified, they say hey, listen, you can always contact the creditor too, to dispute it directly with them, if you’re not happy or satisfied with our results. So now we have the opportunity and the ability to fix an inaccurate credit report by going directly to the data furnisher. Now you may ask, hey Mark, why are you giving all this information for free, and why are you teaching us all this stuff for free? Because I’m your mentor, and I’m your coach, and that’s why. Alright, I’ve been around for a long time, I kinda know what I’m talking about. So I’m teaching you this for free, so you can understand how to do basic things, right. Now, this applies to credit repair companies, or even you trying to fix your own credit, doesn’t matter. Now here’s the step. Here’s when you use this step.
Say for example, you send a dispute letter out to the credit bureau, they verify it. Step two is now to send a dispute to the creditor. You can send a dispute to the creditor directly, that’s step two. I’m gonna show you exactly where you can get this letter from right here, and we have a whole series of letters going directly to the creditor, if they fail to fix inaccurate information on your credit report or your customer’s credit report. Now let’s take a look at this letter here. Very basic, nothing very technical about it at all. Your information here, or your customers information right here. Hey dear creditor, I would like to invest, I would like to investigate the account listed below, as it is not reporting correctly on my credit report. Now all you’re doing is asking the creditor for an investigation.
You’re not disputing the account. You’re asking them for an investigation. Now the FACTA Act says there’s certain things, there’s a certain procedure and way you need to communicate with the creditor, if you want them to investigate, right. So you have, the key word is investigate. You’re asking them to investigate, not to… You’re not disputing it, you’re asking them to investigate, right? So, you wanna put the creditor’s name, the account number, and actually this letter right here is in my software, the Client Dispute Manager, the professional cloud-based software. So this exact letter, this is the first letter that we send out to creditors when the creditor is reporting inaccurate information on our customers credit report, or again, you can use it for yourself, if you’re trying to repair your own credit right? Alright, so, then we continue, we say hey look, I disputed this account with all three credit bureaus, which you did, and they responded to me stating that the account was verified by your company.
So you did, you disputed it with the credit bureau, and they said that Chase, Wells Fargo, or Bank of America verified this account with them, and you’re just repeating it right here. This can’t be correct, okay. I’m asking your company to investigate, here we go with this word again, investigate, let’s highlight that. I’m asking your company to investigate this matter, and to correct the inaccurate account, or the inaccurate account yes. So again, you’re asking them to investigate again. You’re saying hey, creditor, investigate this, your reporting is wrong. For my understanding, this law, the Fair Credit Reporting Act 623(a), the ability of a consumer to dispute information directly with the furnisher, now I put that in, because I want the creditor to kinda know that we’re not dumb dumbs, and that we kinda understand how this whole process works. So now the creditor understands that we’re not a dumb dumb, right? Okay, this section of the law allows me to contact you, the company, and ask for an investigation. That’s all we’re doing, we’re just asking for an investigation, it’s a very friendly letter, we’re not threatening them to take them to court, or anything like that.
We’re just asking them for an investigation. That’s it, the creditor has 30 days to investigate, and they will investigate, they will look at their accounts, they will see if their reporting is correct. They will see if what they’re reporting to the credit bureau is correct, and they will respond to you, let’s hope they will respond to you within 30 days, okay. I await your response, so there ya go. The letter is very simple, straight to the point, very basic, again this letter, we do offer this letter inside the software, and we offer a series of letters, just like this, inside of the software, the credit dispute letter, inside of the software. I’m gonna show you where else you can get this letter, if you didn’t want to, if you don’t wanna purchase software, you already have a software, whatever, and you just wanted more credit repair training.
And I have a series of letters right here, the flow, the flow letters, it’s a series of letters going directly to the creditor, if they don’t fix the inaccurate information after you send this letter right here, then there’s letter two that you send to the creditor, there’s letter three that you send to the creditor, there’s letter four, and it goes all the way to letter six. So let me show you exactly where else you can find this letter. Okay, so we are now logged into the Client Dispute Manager. And let me show you exactly where you can find this letter, and a series of letters, just like that one. The creditor dispute letter, alright. So all you need to do is go right over here, this is the Credit Repair Mastery Class, actually. This is a very powerful class, where you go through modules one through nine, well modules one, module two, module three, module four, take your quiz, and you get a certificate there, you’ll become a master at credit repair.
(computer chiming) It’s a special guest right here, some bonuses here on how to start and run a credit repair business, and right here is the resource section, let’s go ahead and click that. Alright, and we’re gonna go ahead and right here, where it says Credit Repair Mastery Class, module three, dispute flow letters. Now if you download this right here in the class, you will get six dispute flow letters, letters like the ones I just showed you, focusing strictly on the creditor, trying to get them to fix inaccurate information.
And again you can find that right here, inside of The Credit Repair Mastery Class, okay. Now, if you haven’t signed up for the Credit Repair Mastery Class, this is an extremely powerful class on how to repair credit. It’s over 10 hours long. It focuses strictly on credit repair. We don’t talk about anything pertaining to running a credit repair business. If you are new to the credit repair industry, this is a fantastic course. Even if you’re a seasoned credit repair customer, this is still a fantastic course, because you’re gonna learn some more stuff that you didn’t even know before.
I’m a coach, and I’m a mentor, but I’m always learning, and I have a mentor myself. And again, this is Mark Clayborne, the founder of startupcreditrepairbusiness.com, your master, your lead generation coach, and I hope you learned something from the basic explanation of a simple letter, a creditor dispute letter, to the creditor. If you haven’t joined our community here, with the Credit Repair Mastery Class, go ahead and click the link below this video, and get signed up for the Credit Repair Mastery Class, so you can go ahead and take your certificate course, and take your class, and take your exam, to get your certificate.
Take care. .