Repairing your credit takes time, hard work and strategy. One way you can have debts removed from your credit report is to challenge their validity. Writing a letter of dispute to your creditor will put a hold on their claim and put them on the defensive. The Fair Debt Collection Practices Act states that you can force a creditor to provide certain information that proves you owe them money, how much and why. It also says that the creditor must be properly licensed and is acting within the statute of limitations. Failing to do any of this invalidates the debt.
Announce to the creditor that you are requesting validation for the debt it claims you owe. Quote the fair debt practices act, which states the creditor must provide proof of a debt owed.
Ask the creditor to specify exactly how much money they claim you owe. Tell them to give details stating how they arrived at that particular amount.
Require the creditor to send a copy of the signed contract that validates the claim. Request a copy of any judgments awarded to back up their claim.
Tell the creditor you want them to prove that this debt is covered by state law. Require them to prove that the statute of limitations for the debt is not expired in accordance with the state law they quoted.
Include a request for proof of the creditor's license that is valid in your state. Tell them you require the license number on each document as proof.
Tell the creditor that you require a response to your inquiry within 30 days of the receipt of your letter. Let them know that you will pursue legal action if they do not either forward the information you request or remove their claim from your credit report.
Send the letter to the creditor via certified mail. Wait for 30 days and report your correspondence to the credit bureaus if there is no action taken by the creditor.
Providing any acceptance of the debt to the creditor will give them a legal right to continue pursuing you for the money. Do not agree to any part of their claim. Do not admit to anything other than your identity and address.