Transcription
Hey. Hey y'all. When I say we have so much to get through tonight and we don't even have time for the small talk today. So, tonight I'm just going to focus on collections and charge offs and then anything else that I'm not able to get to tonight. I'll just have to come back. But all right.
So, today we're starting off. We're doing part two of the uh repair how to repair your credit on your own in 2026. So, um this is my professional directives for anybody who wants to repair their own credit. Anybody who is has been lost in their in their credit repair journey, don't know child, don't know left and right, don't know what to do first, next, or you know, whatever whatever the case is, you are perhaps confused on like maybe how to get started or or what order you go in and and what's a what's a strategic way to challenge the credit bureaus. Okay? And so I wanted to create a product to make it as easy as possible for anyone who doesn't study the consumer laws, don't have them memorized and all that. Like I just wanted to kind of put it all in one place.
In our last live, we went over the first two phases, which is the importance of challenging the personal information on your credit report and also what things to challenge. And as I just stated, I do want to I do want to sort of go back over I'm not going we're not going to go back over the entire thing, but I did want to cuz I made a correction to to one of the letters that I showed you guys. So, I just wanted to start from the top just to make sure that everybody is on the same page. And if you were not here, you're in luck because you'll be able to see the whole thing. Okay. So, let's get the screen up. and and first we gonna pray that it acts right. Let's see. Okay, everybody can see it. Okay, so all of the what I just skipped through, we went over that on the last live, so I'm not going to uh like, you know, permit the time to to to to rehash the same exact information. Okay, so like I said, last live um we primarily focused on um the very first and second steps to repairing your own credit. Um, again, that video, that full video is available on my YouTube channel for anyone who wants to go and, you know, watch the replay. But if you have not seen it, it's fine because I'll I'll sort of um catch everyone up on on, you know, where we are now and where we're going.
So, as of right now, you should have already downloaded all three of your credit reports from annualcreditreport.com. That is the official uh website to get your credit reports. Okay? Try your best to get all three credit reports because you'll see as we go through um the letters today, how it is super important that you are aware of everything that's on your credit report, how everything is reporting, the differences between how the different credit bureaus are reporting your information, and then also um how you can take advantage of having so much having access to your full credit history because getting your credit reports, getting your official credit reports is not the same as having a credit moni like having credit monitoring. Um you want that detailed information. like you really want that detailed information if you want a successful credit repair journey. And it it really is advantageous to to your DIY credit repair process. Okay.
Basically, when you do download your credit reports, it's going to seem like a lot of information, but the overview of how our credit reports are broken down is this. They're broken down into five important chunks. Those five chunks are our personal information, the personal information section, which houses all of our names, addresses, and all of our personal information. And then you have the account history section, which is the bulk of our credit reports. It houses all of our trade lines or all of our credit accounts from the last 7 to 10 years depending on how long you have been building credit. Um and then you have the collections um section and obviously that is where collections I mixed up collections and public records but that's fine. You you you have um your collection accounts, right? Derogatory accounts that has um now reached a derogatory status. You failed to pay a creditor in the past and they either sold it to a collection agency or they're collecting on it themselves. Okay. Um and then you have public records which houses bankruptcies and then you have inquiries which I broke down in the last live the importance of those soft inquiries which is a which is a section that a lot of us typically ignore. All right so if you want detailed uh information about that please go to the last live.
So jumping right into it the very first thing listen okay okay let me reorient everyone and also myself. Okay. When you are repairing your own credit, right, the the biggest thing or the foundational thing I would say that everybody needs to do and they do not need to skip under any circumstance. I don't care how this may appear to be a waste of time. If you skip this first step, then you may as well just throw your entire credit repair journey like away. Like truly, you may as well just not do it. Don't even take the effort to send any letter if you decide to skip this first step because it is that important to your credit repair process. What is that first step? Well, the the the first step in a successful credit repair process is reviewing your personal information, challenging the information that that is contained inside of the personal information section on your credit report. Um, so as you are looking through your credit reports that you've downloaded, you're going to notice that there's going to be a lot of seemingly repetitive information within your personal information section, right? And what I mean by that is they'll likely be like different name variations, addresses from you may have like 20 addresses. I have a screenshot here of one of my older reports. As you can see, my personal information section, it had five names. Now, I don't know about you guys, but I only have one name, you know, like I only go by, you know, one name um professionally. So, why is there five different names on my credit report? We'll we'll talk about it. And then, as you can see, I have 11 addresses on there. And keep in mind, our credit report houses our our records from the last basically from the last 10 years, right? And so these addresses consisted of of old addresses that I've been associated with. Um maybe places where I have received mail or whatever the case may be that those addresses ended up on my credit report. I had two employers listed when really it was the same employer but one was misspelled and then three other records. Right? So I wanted to show you this because what's important about the personal information section of your credit report as you can see it it's stated um plainly right there. The information contained in your personal information section is considered verified or validated information uh to the bureaus. That is why is that why is that important first of all? Well, that's important because anything that's considered verified any information rather or data points that's considered verified to the credit bureaus means that if you happen to challenge anything that is um contrary to the information that they consider validated, then you're going to run into a wall, right? Um, and so simply put, right, like simply put, all the information in your personal information section will be used against you at some form or fashion in your repair process because that's by nature what it's designed to do.
If you're wondering how all of that different information got onto your credit report, how all these different name variations and employers and all that got on your credit report, it's because you reported that to your creditors. When you fill out your your credit applications, you put that that name or that address or that employer. Anytime you conduct a credit application, the information that you put on your application, your citor has to send it to the credit bureaus. Like, they literally have to send that information to the credit bureaus. And I want to reiterate that point because it is so important for you to understand that this information is as this this is as important as any collection account that you may have, any bankruptcy, any charge off. You know, a lot of times we like to only pay attention to the to the um collections and you know, like the key derogatory accounts and we do not pay attention to our personal information section and we we run into, like I said, we run into a wall. It's it's sort of like you're working backwards because every time you challenge an account that's connected to uh any of this information, then you're going to you'll have a tougher fight on your hands because they are saying, "Hey, you're going against what your creditors are have reported to us or are currently reporting to us." And by law, the information that your current creditors report is automatically considered verified. We don't have to do or conduct a separate investigation outside of your creditor just reported this to us last month. That is by law enough to to to legally validate that information, right? And again, you may think that I'm um reiterating this point too much, but I promise you, I promise you, I promise you I am not. Um and and we'll and actually we'll talk about it right now. So, um I hope you guys are have already screenshot that, but I'm not going to keep stopping. So, as we are going through like the screen, just get your screenshot off, get your one, two off, cuz I'm not going to stop every time cuz like I said, we have so much time. So much.
Okay. Now, as you're looking at your credit reports, I want you to create a folder or or something to where you are able to note down or highlight all of like every what? 1 2 3 4 All of the five items within your personal information section. Like I said, just look at your personal information section. Don't be looking at collections right now. Don't look at charge offs right now. Like literally looking at your credit reports. I only want you to focus on your personal information section. Follow along with me as I'm walking through this process. If you have to replay the video, do that. But when you have your credit reports in front of you, get a notebook out and I need you to write down the following. So the first thing I need you to highlight and write down is any name variation. So as you can see, um my name is Landa Martin, right? So the the the a few of the names that they had were not wrong, right? like they have Landa Martin and then they have Landa N. Martin and then they have Landa Martin E and then they have Martin Londa. So as you can see like obviously there is misspellings in uh some of these names. So I ended up getting three of the five three of the three of the five of these removed and the only two that I kept were Landa Martin and then Martin Londa cuz as you guys know on some legal documents they do put your your last name first. Um they just wouldn't allow me to. I I tried to get rid of that but they wouldn't they wouldn't budge. But that's fine. I'll take it. Right. But the rest of these two they need to go. they need to go. Um, and by the way, when I first started repairing my credit, I actually had 23 addresses. I I think I had like 17 names. So, this is already a distilled version of me fighting with the credit bureaus to get names and and misspellings and all of that off, right? It's so important. And another thing, um, I hope I didn't delete it, but I wanted to show you guys something. Um, this is, by the way, this is your Experian report. And I'm I'm saying that for a reason. So, as you can see, can you guys see that? Yeah, y'all can see it. So if you if I scroll in right here, you'll see where it says name ID and then it it it lists a number attached to each data point. So each name it has a name ID. What is that name ID and why could it possibly or potentially be useful to you? Well, that name ID is the the tracker essentially of to to show you where they got that information from like specifically. Um, I don't want to obviously show more of my personal information, but if I if I did show you it, you would see or or that name ID would be able to would tell you that, hey, this name came from Capital One in uh 2017. I'm just making updates, right? The point the point I'm making is there are going to be some names, but especially addresses where that name ID, you're going to need to follow and track to see where they got that information from. Especially if you find yourself um disputing let's for example like a charged off account that will not budge and you're wondering like why are they not removing this account? Well, go back to see what personal information is tied to that account. Go back to see what personal information is tied to that account and then get it removed because that is why that account is getting verified. That's why your disputes are not um are not a success because that particular account is verifying or validating that account on your behalf. Right?
Moving along. So, after you have um noted down or highlighted all of the name variations that you're wanting to remove, um any old addresses, uh employers that are that are old or or not current, um social security number, all of the errors in your personal information section, um you're going to you're going to start to prepare your dispute letters, right? Your first round of dispute letters. And obviously, um your first round of dispute letters are going to be challenging your personal information. So, what do you do with the information that you just highlighted or wrote down? What do you do with all the misspelled names, addresses that you you identified in in step one? What do you do? Okay, I'll show you. All right, so the first thing that you do, the first step is this. Just zoom in if you can't see it. Okay, so the information that you just that you just wrote down, you're going to place it on this letter. Okay, you're going to place it on this letter. Well, sorry, I'm moving too fast. The first letter that you send is you're going to send a letter to your current creditors to update them on what your information is. what's what's the correct information that you want them to report to the credit bureau. Um, like I said, the credit bureaus are getting the credit bureaus are getting your information from your creditors. So, if your creditors are not on the same page as you and you're trying to dispute a name and address that one of your current creditors are are reporting to the credit bureaus, they will not remove it. Okay? So, the first step before you challenge your personal information with the credit bureaus, you need to update all of your current creditors. Right? So, all of the accounts that are open on your credit report, send them this letter. By the way, even if you're not challenging that particular account, right? Like say for instance, you have a Discover card, a Capital One card, a Navy Federal card, and you're you don't plan to dispute that information, you still want to send this to all of your current creditors, right? A postn drip, so excuse my coughing, but you still want to send that to all of your current creditors. Okay, y'all. Um, the reason being is because what's going to happen is all of the ones that don't have your, you know, all the same information, the next time your credit report updates, they're all these companies, all of your current creditors are are going to send um an update to the credit bureaus and say, "Hey, this is the newest information that Landa has reported to us, and we want you to associate this information with her credit report." That's what you want because what's that what what that will do is ensure that all of the correct information is is is listed as current on your credit report. That's going to help with your credit applications. that's going to help with your dispute process. Trust me when I say this is not a wasted step. I understand that it may seem futile, but it's really not. Send this to all of your current creditors. Um, and and it all of the the the um words that are in red, obviously that's the part that you change. So, obviously, this is a template. So, make sure you are filling out these letters. Um, and then you can just turn it all you can turn all of it back black. You don't have to keep it red, but I wanted to I wanted to highlight it to you so you you're not moving too fast and and sending templates like a lot of y'all have. Okay? take the time to fill out this information and then as you can see at the bottom it says uh what you know it goes it goes over what else is going to be included in the envelope and I need you to check which one you are including in that letter. So if you're going to send a copy of your photo ID then obviously you would just check that box. If you're going to send a if if you're disputing your address or or or trying to update your address, you always want to send proof of residency. So that's going to be in the form of a current utility bill, a bank statement or or or some form of address um verification. Some send a send a bank statement, send a tax form, you know, whatever you have in your possession that you are proving your address because you want to make sure that you are proving your address. Okay, that's that's that's what I forgot to say. You want to make sure you want to make sure that you are not just requesting them to update this information without sending proof. Remember, they going to send this information to the credit bureau. So really what what really what this step does is it kind of helps you out in the long run and it kind of um gets the process started on your behalf. So when you so when we send the next letter the credit bureaus are less likely to fight you on the information that you are disputing. Okay. Um in the past in the past I always skipped this step because I didn't think it was important and you know I just didn't think about it. I was just like you know I'm going to go straight to the credit bureaus and challenge my personal information. If you've been following me for a while you know that that's been my tried and true method for years. It wasn't until I started including and slotting this little letter, this simple letter in and sending it at least two weeks before I start my official dispute process with the credit bureaus that I noticed the difference. The credit bureaus were a lot more willing to cooperate with my request when it came to my personal information after I have sent this. And as I stated, I timed it. Just give it about two weeks. Okay?
So, just to to to reiterate everything that I just said, you you highlight I mean you identify all of the information that you want to get removed from your credit report, right? And then before you challenge that information with the credit bureaus, first send this letter to your current creditors. Even if you're not challenging that particular account, literally every creditor that is that has an open account on your credit report needs to get a copy of this letter. Okay? Irregardless of the status of the account. You know what I'm saying? Like I don't care. You you don't this is not a challenge. This is sent directly to your creditor. And all it is saying is, "Hey, I'm I'm just writing a formally request that you update all of the personal identifiers that you have associated with this account." By law, anytime any personal identifier changes on within your account, they have to report that to the credit bureaus. Okay? So then two weeks after you send this, give it about two weeks, y'all. Give it about 14 days just to ensure that your creditor has received it. They typically will update in about 72 hours with the credit bureaus. Um, you may not see the update until your next credit report update, but the the heavy lifting has already been done. Like just worry about sending this at least 14 days in advance.
So then after you send this to your current creditor, you send this version to all three credit bureaus. Now the only difference between this letter and and the previous letter is this is you formally requesting that the credit bureaus remove any information outside of the information that you are going to list right here. Okay? So where it says like full name, address, phone, employer, you you'll notice that it doesn't say what you want to challenge. Instead, it it simply says I ask that my personal information be listed as followed. And you literally I just need you to list the correct information. Okay, to put you in the mind of, you know, the credit bureaus, whatever the case, you got to you got to think about it. By the time they received this letter, they have they would have already have been uh sent multiple updates from your current creditors requesting them to to to update your credit report to the same information that you're also now asking them to update. Oh, and by the way, any letter you send to the credit bureaus, um always make sure that you include a copy of your ID and you include you include um proof of of residency or proof of your address. Well, the only time you need Well, I'm getting ahead of myself cuz I'm getting excited cuz I I just can't wait till we get into the real to the real meat. Y'all know this excites me, okay? So, don't mind me. Okay, not going to go over this letter cuz I already did, but just screenshot it for the ones who were not in the live last time. This is just a follow-up personal information letter to the credit bureau. So, if if they respond with anything other than, okay, we updated it, just send this. This is just a backup. I always include follow-ups with all of my letters because you always want to get in the habit of having a follow-up prepared in in the mail as soon as possible. Okay?
As I'm going to say today, probably 10,000 times, probably after every letter. Y'all going to get tired of me saying it because I'm going to say it over and over and over. Okay? You only have 14 days to respond to the credit bureau. I don't care what round you're in. I don't care what you're challenging. I don't care what you feel like, what evidence you feel like you have. Um, it doesn't matter. Get in the habit of responding promptly to the credit bureau's uh investigations. disputes, right? The only time it doesn't uh require your response is if they remove the account or they remove the information that you requested after that. You don't obviously you don't have to follow up or respond to that. But if it's anything other than, you know, the desired outcome that you wanted, you need to get in a habit of responding within 14 days. I told you guys as a professional credit specialist, I've always had a rule that we needed like if if I were accepting clients and um I was let let me just put it let me put it plainly. If I was repairing your credit, right? If you hire me to repair your credit, let me let you know, I would have had my followup in the mail within seven days, mostly probably within three, but you know, max seven days. Um, a lot of people's credit repair process fail before it even gets started, but but fail due to lack of followup. Lack of followup. Um, or waiting too long. Like, y'all be waiting like y'all y'all will say things like, "Hey, it's been a month." You know, they the investigation has been done. It's it's been a month or two and I haven't followed up yet. you know, I kind of gave up cuz they ain't deleted. They didn't remove it. I'm like, "Oh, you not ready. You're not ready for that. You don't want you don't want good credit. You don't actually want your credit repaired." Cuz even if you hire somebody, they got to follow up, too. Do you think that just because, you know, someone's a professional credit, I'm a board I go board certified credit specialist, I have to follow up 95% of the time when I was um sending out disputes on people's behalf. 95% of the times I'm going to have to follow up. I'm already equipped for it. I'm already expecting it and I'm already prepared for it. Like, nobody is going to be able to escape that process. So, just get in a habit of following up. Get in a habit of of expecting the worst and welcoming the best. Like, whatever you challenge, just let just just put it in your mind. They they they're not going to remove this, right? Therefore, let me prepare my followup right now. Just already have it prepared. And I don't want to belver the point because I'm I'mma talk about that especially when we talk about challenging collections and stuff like that. But like, please get in the habit of responding promptly. like you low key should have this filled out at the time that you mail this letter out cuz it it's not much. It doesn't take but 3 minutes to fill it out. The hard part is done. Okay? But I need you to do your part. I need you to even if you're in credit academy and we'll talk about dispute engine and all that and all the updates we have, but you got to do your part. Okay? Send the dangle letter. Okay?
In my case, I kind of always like to have letters prepared or templates prepared for you guys for like the common scenarios that you know I often see like you you'll probably be a victim of having someone else's credit profile or information on your credit file. Especially if you have a similar name to like a sibling or a household member or family member, a jun a junior and a senior that's been associated with the same address. You very well likely may have some of their information on your credit report. This is kind of just like the um standard letter that you would send. Just screenshot that. Not going to go over that. That's just if you have other people's information on your credit profile. This is just the letter to send. All right. All right. All right.
Now, we're going to get into the fun part. Last live we talked about de val validation, but I don't want to go back through that again. So, please just go watch the last live, but dev validation is very important because that would naturally be your next step. Y'all, I'mma regret I'm going to regret not showing this. So, just to be thorough and to make sure that everybody is on the same page, I'm just going to go ahead and just show it, but I'm not going to get into too much detail. So, screenshot this. This is just the directions for the debt validation and all the information that you need to know. But mainly the to summarize it, there are only pretty much three scenarios in which you will need to send a debt validation letter next. So this is following the personal information uh disputes, right? You'll know if you need to send a debt validation if you have fresh collections on your credit report that's under 30 days. So so a new collection just hit your report less than a month ago. Okay? Then that qualifies for you to send a debt validation letter because legally you can still force the the um collection agency to validate that account. Second scenario would be if you have pending collections. We who we went over it um in the last live about how you know if you have pending collections. Anytime you receive a collection notice, your automatic response should always be to send a debt validation letter. Which is why I wanted to show you guys this again because it is very important that everyone has access to a properly worded debt validation letter because debt if you send a debt validation letter always send this directly to the credit bureau. I mean to the collection agency. Okay. Collection agency. The credit bureaus do not validate debt. Okay, the I'm repeat the credit bureau's job is not to validate debt. They can only verify credit information and we'll get into that. That is not their job. Um, do not send them a debt validation letter. Uh, so many of you guys have in the past from the last kid cuz I didn't make it clear and I do apologize for that. Do not ever send a debt validation letter to the credit bureaus. So, so I don't even know what I was saying, but yeah, send this to the send this to the collection agency. And the only difference or or or the only important thing is I personally would recommend if you're sending a debt validation letter to always send it certified. So, paid the extra2 $2 to $3 um to send it certified because you're you're going to want to have a record of when the collection agency received it. I said I wasn't going to go into the debt validation, but like y'all know me. Y'all know me by now, so I don't even have to continue to make excuses. Okay, this is um Okay, let me just I keep saying, okay, just show the letter and don't, you know, but I can't do it. I really can't because I want you guys to do it right. And there is a it really is a meticulous way to ch I've been so successful with with removals all these years because I am in the details when it comes to sending and and they do matter. They really do matter. And I just hope you have you know I be rambling but I genu like I I truly want you guys to know like it it really is a strategic way to do it. And and and the people that you pay to repair your credit the only difference between you and them is they do this they know this and they are in the details. Okay.
So, this uh followup, the only time you would usually have to send a a debt validation follow-up back to the collection agency is if they ignored your debt validation, you know, they ignore the Y'all stop requesting this live. It keep um taking over my screen. I don't know how to turn it off. Oh, y'all can't see it. Okay. See, that's what I'm saying. I was looking at um I was looking at live notification request. Okay. All right. Just screenshot this. All right. So, this is what this is what's this is what counts as what what does it mean for a collection agency to actually validate the account? So, you're requesting the validation from them, but what are you expecting and and and how who's to say or how do you know if they actually did legally validate the account and they can um and they're now permitted to send it to the credit bureaus? Well, there's only four things that the FDCBA and FC elicit as validation, legal validation, and you need to know um number one, an original signed contract or agreement with your signature and the original creditor. Okay, they should be able to produce that the complete payment history. You have a right to request the complete payment history uh for this account. If they are collecting on behalf of another company, they have to have this information per your request. Let me repeat that. If you do not request this, they don't even legally have to have this information from you. So, in other words, your rights don't exist unless you bring it to the forefront or you press the issue. Like, when it comes to consumer rights, you don't just by default have rights. I mean, I guess technically you do, but really what I what I mean is if you are not enforcing the your own rights, the credit bureaus. So, I say all that to say, most collection agencies cannot actually validate the account upon your challenge. But if you if you fail to to catch them within this this dunning period, this debt validation period, then they don't have to prove this to you. They don't have to validate legally validate the account if you have surpassed the the window in which you are legally allowed to challenge it, which is 30 days from when you receive your collection notice.
Now, it's finally time for you to begin to dispute your collection accounts or or not even just collections, your negative accounts. When it comes to negative accounts, right, a lot of people always ask me like, "How how do I how do we know which accounts to dispute?" The accounts that I would personally recommend for you guys to dispute. Whenever you're disputing negative accounts with the credit bureaus, you first got to understand that there is there is going to be a process. Like whenever you um send a investigation request or dispute to the credit bureaus, you're you're first going to ask them like, "Hey, do me a favor and essentially do your job and look over my credit reports or look at these particular accounts and assure me that it is accurate." Cuz if you guys don't know, the job of the credit bureaus, like literally their only job in this whole man matter is to record accurate information. So, so to ensure that your credit report is accurate, is up to date and it is complete. That's their only job. They're not the furnisher of the debt. They are not the original creditor. They don't own the debt. They don't even actually have the right to change anything on the account. So, when we So, when we send dispute letters to the credit bureaus, we're not technically challenging Experian TransUnion and Equifax. Like, you're really challenging the furniture of the account, whoever currently owns the account, and who's reporting that that information to the credit bureaus. Cuz remember, like I said, the credit bureau's job is like the middleman. They are only there to record the information that either your creditor is sending them or the information that you're sending them if it conflicts with what the with what your furniture has told them, right? And so that's where that's where you come to a dispute process. And I want to emphasize that it is a process. There are there's a thing that's called rounds. And I'm sure if you've ever embarked on your own credit repair journey, then you already know what you know what rounds are. You are already familiar with what it's like to go back and forth with the credit. Rounds are just bringing um something to their attention on your credit report. Like I told you guys, but like I told you guys, your rights are not technically they're not in violation of your rights until you point it out to them, give them a chance to correct it, and then they refuse to correct it. That's actually the only thing that's considered a an infringement upon your consumer rights. So, it's like most people know that we have these consumer rights, but they don't realize that just because you may spot the you may spot inaccurate information on your credit report, um, doesn't necessarily mean that the the furniture or even the credit bureaus are in the wrong. They're not legally in the wrong until you bring it to their attention. you give them a chance to correct the the incorrect information and then they fail to do so. Now, them failing to do so is where your rights come into play. This is where you're able to start to assert some dominance, maybe even sue them, right? Like that's where you where the ball is in your court. It's not until after you have already given them a chance to investigate the account and prove the information is right. So, I say all that to say for anybody who has collection accounts on their credit report, who has charged off accounts on your credit report, you're going to want to listen um in on this live and and and we'll go through like how to properly challenge them.
So, the very first thing that you want to do um when it comes to to officially challenging your derogatory accounts is number one, you want to send what I'm just going to call a round one letter. A round one letter is literally just you telling the credit bureaus or yeah you telling the credit bureaus like hey you're not accusing them of anything but you are literally saying you are literally saying hey I I just want you to formally investigate this account I have reason to believe that maybe something on it is incorrect or the trick with round one is not to not to be so vague but also but also not to be accusatory right like you don't want to come out the gate saying like hey this is wrong like delete this and I used to do that I used to do that a while ago because it just seemed right. But what I have found is actually when you approach it differently, round one, the whole goal of round one is just to trigger a formal investigation. Um, and and you want to what you want to do is you want to force the credit bureaus, you want to corner them into uh verifying specific data points. This part is so important. You want to specifically request that they verify or investigate specific data points that we're going to give and we're going to go over. You don't want to ever just ever just challenge the account's existence. Like you don't want to go in saying, "Hey, uh uh TransUnion, this account is wrong. This information is wrong. Like delete this." Do not do that because really how especially with AI and how um disputes are automated nowadays. Like most of our disputes, like a human never reads your dispute letters most of the time nowadays, you're literally talking to a computer in that it's way easier now for the credit bureaus to to process these dispute. They literally will process a whole dispute or investig conduct an entire investigation within 24 hours. Like it's insane. So, what you have to do is you have to challenge them on very specific data points. And I know you're probably wondering, you keep saying, you know, what to do and you know, whatever, but like what what what do we actually send them? I'll show you.
So, this is pertaining to collection accounts and charged off accounts. As you can see, this is just a round one letter. So, so this is the very first letter that you are sending in regards to your collections, your charged off accounts. But don't just pile all of your negative accounts on this letter. Okay? You want to make sure that collections and charge offs never see the same letter. That's number one. But number two, if you have a um collection that you've perhaps been fighting in the past and you haven't had any uh luck with getting it removed, then place that particular account on a on a separate letter like by itself. What I want you guys to understand about this round one letter is it's not accusatory, but it is very specific. So, as you can see, it says, "Under the Fair Credit Reporting Act, you are required, and this is to the credit bureaus, you're required to conduct a reason reasonable investigation of all of the information that I dispute. I am requesting verification of the following specific data points." Remember, I kept saying like, make sure you specifically challenge things. Don't just send blanket disputes. They don't really work anymore. It's not really effective in 2026. Want to start off with asking them to verify the date first delinquency, your full payment history, the balance and calculation method that they use, and the account status, and reporting consistency. These are four data points that actually requires the credit bureaus to fully investigate your account because they'll literally conduct an entire investigation within one day nowadays because it's all systematic. They just send it through E Oscar. They assign it a three-digit code and verify based on the information that they already have in their files. And that's why like majority of credit disputes nowadays are being verified. Like you dispute and they saying, "Hey, this is verified." They're they're refusing to remove hardly anything anymore. But that's because we've gotten we we've allowed them to get too comfortable, but also we've gotten too comfortable with not specifying what we are disputing and also not understanding how the the FC works, right? And so, um not going to bore you guys with the with the legal details cuz I'll have to come back and nerd out with you guys another day on that for those of you who are interested. But, um simply put, like the FC gives us grants us the right to um force the credit bureaus to house each of these data points, right? Like they have to be able to investigate this. All they're going to do is just claim that they verified the account, but they're not going to prove that they verified the account. They're going to send you investigation results, and all it's going to say is account validated, I mean, account verified. They're not going to they're not going to send any specific information, nor are they going to to uh conduct a thorough investigation. And I keep saying thorough investigation because the FCA grants us the FC section 611 grants us as consumers the right um to a thorough and reasonable investigation. Now, if the credit bureaus cannot prove that they conducted a full investigation and they didn't just send it through e Oscar, if they can't prove that, then this letter is going to be the reason later on down the line when we file our official CFB report. If they're not playing nice, this latter, this one specific letter is going to be the reason why the F um the the CFPB has to side with you. Has to side with you. Y'all know I always say like quit filing CFPB reports just because somebody told you to file it because you you going to lose it. The CFPB isn't a company that's going to just um agree with whatever you've asserted without any proof. There is a legal process to how we supposed to how we are supposed to um dispute our credit reports. And it isn't sending the credit bureaus a dispute not liking the results and then filing a CFPB report or perhaps the credit bureaus ignored us. So let me file a CFPB. No no that is not actually how our consumer rights work. a legal reason where you have cornered the credit bureaus into to essentially like I mean they did it themselves but like you you you you can only corner them if you can display that they um did not conduct a full investigation. And how do you do that? Well, you you send a a dispute letter and you request verification of very specific information. these four data points. By the way, the credit bureaus have about 32 data points per account that they should be able to um they should be able to verify but these four are the only ones that is um eligible for deletion account deletion even if the account is yours. Okay. So that's that's why these account these particular points are used right now. This is the first dispute on any derogatory account. So this is going to be the letter that you uh uh uh trigger a full investigation um on your credit report. You all you should always now from now on you should always start with this letter. Okay, you should always start with this letter. The strate The strategy with this letter is to dispute specific data fields as I stated um and not dispute the account as a whole. We lose every time we go into a dispute process saying, "Hey, this account is not mine. I don't recognize this dispute." Or if we continue to dispute how we've, you know, done in the past, which is just to send a dispute letter stating like, "Hey, this can you verify this account or can you investigate this account?" That's called a blanket dispute. Right? and you're not disputing specific um data fields, then you are conducting a blanket dispute in which they are legally able to do uh to to do a rush investigation. Like they don't actually have to do a thorough investigation if you are not u if you don't specify what you want them to investigate. And that's so important. Um now, the legal authority in which this letter rests on is just like I said, u FC section 611. I I had a presentation where I was going to go through and walk you guys through each law section, but I'm not going to do that tonight. But like I said, I do want to come back and do it cuz yeah, that's my favorite part, right? But the point is you are utilizing section 611, you're utiliz you're utilizing hold on you're utilizing section 611, right? Um and what this what this
letter is for the literally don't expect the deletion for from round one. Like don't think that you going to send this and then the credit bureaus are just going to be like, "Hey, yeah, your charge off, we deleted it. We removed it." That's not that's an amateur um ideology. Like they're not going to do that. I'm going to tell you right now what they're going to do.
So, what you can expect from this, what response you can expect from sending this letter, you can expect that they're going to send you back a a um they're going to send you back results and they're going to just say, "Hey, we verified the account. We verified the account."
But Shondaanda, I thought you just said if you you you request an investigation for these specific data points, then they can't do they they can't conduct a rush invest a rushed investigation, and they have to they have to truly um go through all the data fields and and um investigate your dispute, right? Yeah, I did say that. But the reason why we're sending this and wording it this way is because we know that they're not going to do it. We know that they're not going to do it. Like fully expect going in that they will not do what this letter requests.
This letter is very simple. Literally, all it is asking the credit bureaus is to verify that they are reporting correct information on your credit file. We're not disputing the accuracy of the account. We're not we're not um asking for a deletion. Notice that. All we're saying is, "Failure to verify the accuracy of each data point requires deletion." That's important. That line is important. This this one line right here got multiple deletions, but this line is important.
A um a cursory or automated response does not satisfy your obligations under federal law. All four of the like honestly, don't change this letter. So, there are some letters where I'm like, "Y'all have the freedom to, you know, freestyle a little bit, change a little bit here and there." Don't do it with this letter. Trust me, don't do it with this letter because you want it to be very simple. You want it to specifically state how uh the FC states it because the whole goal is to back them in the corner. Okay? The whole goal is to to expose investigative gaps um on the bureau's behalf.
So, remember when I told you guys that the credit bureaus are not responsible for the information that's reported by your by your lenders? Like, that's not their they don't own the account. They don't they don't have all of the account information and account details as your as the original creditor. That's not their job. They're not the furnisher, right? All the credit bureau's job is is to ensure that the information that's being reported to them is accurate and they like they're just the middleman, right? So, you want to corner the credit bureaus. The only way the credit bureaus are ever wrong, by the way, is if they fail to do their job. And remember, their only job is to ensure that your report is accurate, complete, and up to date. And the only way that you can prove that they are not doing their job is to expose gaps in their investigation proc investigative process. Okay? That's the only way the credit the CFPB is going to side with you. Okay? So again, don't no more blanket disputes, no more challenging the account. No, no. Ch like you want to aim it at the investigative process. All right?
So again, send this letter first. Specific data points. Don't change the data points. It's 32 other ones, but please don't change the data points. Um, all right. So then we are going to expect and assume that you know when you send this to the credit bureau they they literally are just going to reply and be like, "Hey yo, this is verified." And yeah, it it's verified because it's that this is going to go through eOscar and a human is never going to read this letter. But that's good because then they're right where we want them. Like we want to expose it. Um, all right.
So then the day that you fill out this, the day that you send this letter, the day that you send this letter, I want you to already have this one prepared. This is round two letter. Okay, this is round two. So this is this is the followup to them stating that the account was verified. Okay, mind you, our first round, all we simply said was, "Hey yo, TransUnion. I got my credit report. I see you reporting this charge off. Um, do me a favor and and and let me know what's the date of first delinquency on this account. Um, verify the payment history for me." Um, yeah, like it's literally just saying like, "Hey yo, look, look at these specific things and and let me know if it's accurate." That's all that's all you're doing is saying, "Hey, do the investigation. Verify these specific points and let me know what you come up with." Okay. So then you send that, they say verify. Then you reply with this. Again, this letter is very simple. All right.
So um this is the second round, guys. Oh, and as I said it before, the second that they reply back with your investigation results, please have this letter in the mail. No later than 14 days. But if you can if you can if you can get it off within 7 days, that's that's going to be better. Like that's just my preferred or recommended method. Have this already filled out at the time that you send your first letter. So it's already prepared. It's already in the envelope. You already have your it's already envelope. So literally all you got to do is drop it off. Okay? Because the faster the faster you respond the better. Like you want to be on their honey. And also the faster you respond cuz remember like I said, it's going through through an automated process and they're conducting investigations in like two days, literally. So you can be then been on round three within a month because really where you want to get to round three because that's where your rights are officially being infringed upon and that's where now the law is is is now um in your court or at the very least headed your way, right? Like that's when that's when it's starting to tilt, right?
So sort of like think of the first two rounds u think think of think of the first two rounds as just procedural, right? Like don't expect deletions the first round. Don't expect deletions the second round. Just just send them because we're going to need to prove what we sent when we sent them at a later date. Okay?
So, when you get that verified response the second time, I don't need you comment, "Shauna, it's not working. I'm doing something wrong. Can I just hire you? Can you just send Can you just send um the letters off on my behalf?" I'm I'm going to say no. I'm going to say no because guess what? Even if you did hire me, I'm going to do the same exact thing that I'm telling you to do. Or if you hire someone else, like, you know what I'm saying? So, just stick to the process. It's a process. Like no, they're not doing anything new. The credit bureaus has been the same since I've been in this industry and it's been 10 years. Like no new tricks, trust me.
So, as I was stating, so now we on second round, right? I do want to I do want to have you guys screenshot this. Give me a sec. Just to have for your records. I want you guys to screenshot this only because I know I'm I'm not going to I'm not going to be able to be as thorough as I want to be today. And uh so I'm just going to I'm just going to show you like my personal notes. So, it's not going to be like as neat, but to have for you guys' records so that you are equipped to and and so that you understand. So, really what I want you to screenshot is number one, always know what your legal authority is with every letter. That's so important. It's not just like, "Oh, just cite some." No, no. Like, I want you to know your legal authority because you will need to know at some point. So, just again, just screenshot this, okay? Um, these three laws, they're they're all under section 611, but they're just different subsections of it, but these are the basis of your your first few disputes. Okay?
Just just these are all the talking points that I wanted to go over tonight, but I'm not going to be able to get to all all of them as thorough as I want to. But basically, there are only three ways that the credit bureau is going to respond to your round one letter. They're only going to respond with, "Hey, this account is verified, right?" They're either going to say that your creditor, like the furnisher of the account, has validated the information. Anytime you see validated on a on your investigation result, know that that means that that information is coming from the original creditor and the credit bureaus are claiming they have proved to them by way of like maybe sending them like some sort of record to validate the information on the account. Anytime they use validation, that means that that's from your original creditor and you're going to want to know this especially in the next round.
Okay, now we now like I said, we are at round two. So they have verified the account is accurate. I mean, they they have verified all of all of the charge off and the collection that you've disputed in round one is accurate and now it is your time to respond. You're going to respond with this, which is a round two letter, right? This is the follow-up, right? Remember the first letter, we never accused them of doing anything. Literally, all we said was like, "Hey, can you can you investigate these specific data points, these four points, data first, delinquency, pool of payment history, balance and calculation, and account status, right?"
So then the second letter, now you are officially going to accuse them of something. Okay, what are you accusing them of? Well, you are accusing them of failure to conduct a reasonable investigation. Now, why is the best response you can receive from round one a blanket verified as accurate? It's simply because remember we asked them for very specific information and if their response is, "Hey, we just verified it as accurate," then you know without a doubt, like literally without a doubt, that they didn't address your letter. They just they just assigned your letter a dispute code and they just processed it as they do all other all of the millions of other disputes that they received but they didn't actually conduct the investigation that you requested because if the credit bureaus refuse to give you information within your own credit file, then now they're officially infringing upon your rights. Now they're officially violating.
Here is the basis of round two. Hey, you did not you I asked you to verify these four things. All you told me was that the that the account is verified. Like you didn't that's all you told me. Hey, account verified. But you didn't provide any documentation or sufficient uh description of your investigative process, which is my right, which is which is my right. So therefore, I am requesting a complete description of the procedure used to verify this account. The name and contact information of the party relied upon during the verification. The document um reviewed to confirm accuracy of each disputed data point. And then this paragraph is very important. A generic or automated verification does not meet the standard of a reasonable investigation. If you are unable to provide this information, the continued reporting of this account may constitute inaccurate or incomplete reporting in violation of the federal law.
Round two, you simply need to bring it to their attention that you are aware that or or you believe that maybe perhaps one of your consumer rights are being violated. Remember when I told you guys they're not actually in violation of your right unless you one alert them that they are in perhaps may be in violation and two give them the chance to correct it. They're just processing this through automated system. So again, even your second round that you send, no human is going to read this, right? And so this is where we can we can use that to our advantage. We can use their their lack of regard for our our dispute process to our advantage because now this letter is your formal notice of, "Hey, my rights are potentially being infringed upon." So you're just we're just stacking paperwork in the background. The credit bureaus put themselves in a hot seat when they fail to do the only job that they are for, which is to to conduct investigations and ensure your um information is accurate.
So, all you're um all you're doing with with uh round three is now you're putting the furnisher of the account on notice where you are challenging your creditor directly. To recap, in rounds one and two, we are sending disputes directly to the credit bureaus. Okay, this is the first round where you're going to want to send um the dispute letter to your creditor. Okay, they can easily provide this information, but what you're actually doing procedurally on round three is now you're able to invoke section 623 of the FC is directly regarding the furnisher of the account. So the the who the creditor, right? And what this is is stating is, "Hey, I'm submitting this dispute directly to you because you're the furnisher of this account. You own this account. This is where you can officially claim that this account is reporting inaccurate or the information is unverifiable because now this information is uh technically considered unverified because nothing has actually been verified. Though the credit bureaus are claiming that it is, if they do not conduct an independent investigation and they are and and they don't and they choose to either ignore it or send you exactly what the credit bureau send you, which is news probably what they are going to do. Right now your rights are officially violated."
Honestly, this whole time we've just we've just been working up to this point in order to corner not only the credit bureaus but now you have the original creditor uh uh cornered. Right? So what does that mean for you or what does that mean for this debt? What does that mean for the process? If the source of information, the source, the furnisher. If they are proven to not have verified information, then now the account is not eligible to report per Metro 2 standards, right? So the credit bureaus can say, "Oh, we made a mistake. We did not know that the information was inaccurate, but then now we have updated information, which is why the credit bureaus are allowed to update the account as a result of your dispute." Right? Well, if you prove the source of information to be either supplying or aligning with unverified information, then now the account now is where the report now this the very account is in jeopardy. Not only can they not continue to report on your credit bureau, but now um they don't even have the legal right to enforce you to pay this debt because if they cannot verify the account details, then they cannot enforce this debt at all in in any sense of the imagination.
So, the goal with this letter is to also corner the furnisher. Now, I don't want to I don't want to give you guys' hopes up too much because I want I want you to know that there are some creditors or furnishers that will be a that will respond correctly to this letter, right? Like I I keep saying Capital One, but honestly, Capital One is probably a bad example because Capital One is actually known for their recordkeeping. Capital One has an internal credit or Capital One has an internal collection agency. And to be honest, they are I I hate disputing them. Like I've gotten them deleted multiple times, but like they're just one of the one of the few companies that are like actually a headache. Like like I know going in that I'm about to fight with them, you know, like it's it's not going to be easy. They're not going to um go down without a fight. Their records are typically meticulous, especially especially with charged off accounts specifically. Not necessarily their their collections, but like with their charged off accounts, Capital One is just hard. Like they have always been like for as long as I have been in this industry, Capital One has been annoying. And that's simply because they actually do what they're do what all companies are supposed to do.
So, some companies, some furnishers will be able to respond to this round one or will respond, I'm sorry, to this round three with all of the information that you requested. They're going to say, "Oh, I'm sorry. We didn't even know that you had requested this information." No problem. We will send you all the information that that you're requesting, right? But there's still a way to trap them. And I'm specifically going to speak about Capital One because this re like I recently got a win with them using this method. And that wasn't because they didn't have the information, right? Let me tell you what happened. So, I sent this letter and they responded back with with they sent they actually sent me a manila folder like I was challenging my sister's uh charge off with Capital One. They sent a manila folder with all the like way more information than than I requested, right? And so, at first I was like, "Dang, like you know what like what is the next step? What am I to do?" Well, they failed to do one thing. They failed to do one thing. You alerted them that you had already challenged this with the credit bureau directly, right? They're the furnisher of the account and the credit bureaus are not supposed to conduct in independent investigations without the furnisher because they're not the source of information. So them sending you the information that you already requested from the credit bureaus that the that the credit bureaus refused to send you or perhaps they even refused to send you, you know, in the in the first two rounds, then now you can actually get them on failure to comply with your initial or original investigation. So that's what I personally filed a CFPB complaint on even after they sent all the information that I requested because they did not then after they sent that information did they go back and and retroactively tell TransUnion, Experian, and Equifax, "Hey, um, the this account that that the consumer disputed you know last month, here's the information that they're requesting. Please update." This is their it is their responsibility as the furnisher to not only respond to all of your disputes and supply the information needed but also to ensure that the information that the credit bureaus are reporting on their behalf is also in alignment with that as well. So you don't do me no favor by sending me information that you haven't sent TransUnion, Equifax, and Experian. So now I have reason to believe that all of the other information that you are reporting to the credit bureaus can't be trusted cuz why am I receiving different information than what the very reporters of this information is receiving? There is a problem. Why? Because me knowing the the information on my account does me no justice legally. Monetarily as well. Like so if you are reporting something else on my credit report or if Trans if the credit bureaus um believe opposite of whatever you are sending me, they have the power to affect my financial life. Like if I'm applying for credit, if I'm applying for a house, you think my lender is going to take my word for for for information that you are reporting contrary to what I'm I'm sorry, contrary to what the credit bureau? You think they just going to take my word for? Oh no, I know this information cuz here's here's a packet that Capital One has sent me. Like, no. Trust me, the information that TransUnion is reporting is wrong. Absolutely not. No, like the whole point of having a credit report is to give lenders um access to your your financial life and to determine if you will be approved or if you're eligible for whatever product that they're that they're um selling. Right?
So, I kind of got ahead of myself, but the point is this letter is simply just to well, it's two things here. Here's the thing. It's two things. This letter is just to see what information y'all got. What information do y'all still have? Are do you actually pay attention to to the disputes that you receive? The bigger the company, usually they don't, but like I said, Capital One is an anomaly. And what information haven't you guys reported to the credit bureaus? So, you're literally this this round I kind of in my mind I sort of like view it as um just the investigative round, right? Like you just trying to see what they have. You always want to see see what your opponents have. And this round does just that cuz now you know by this point you know okay, the credit bureaus don't have anything they're willing to send me to to prove whatever they're reporting is correct. Right? But then also but then also now you're trying to see what type of creditor you have. Now you're trying to see what type of credit you have. Go ahead and screenshot this. Now you're trying to see whatever credit what type of credit you have and how how they are with their records cuz that's going to tell you everything you need to know moving forward. So this is just this is just getting information. And by the way, I I I didn't mention all, but it's actually a lot more to this direct dispute letter that we're referring to, especially because then you have the next letter. It also it also kind of parallels this and coincides with this letter, right? And so everything that I'm saying now also applies to the next letter. And you'll see what I'm talking about shortly. Give me a second.
Now, again, after the first the first rounds was just like generic bureau um you know, investigations, right? Whatever those throwaway rounds. Those are just procedural. Um, so now you're going directly to the to the furnisher, right? The the whole strategy and why I put this third is you want to bypass the bureau entirely. Like you want to take the the onus out of the credit bureau's hands and al and like I said now place the hot place the spotlight spotlight on your furnisher on your creditor, right? Um, they have their own separate legal obligations. Like they they it's a whole I'm telling you it's a whole separate thing. As a matter of fact, the FC only only regulates the credit bureaus, right? But the FDCPA regulates the debt collectors and the furnishers. It's two total separate um regulations and guidelines and laws. It's two total separate laws. And you want to take advantage of both of those because like I said, they can't mix and mingle and and send blanket responses that that um is going to go for both set of set of laws. Like no, no, no, no. There's different things that the FDCPA states that the furnisher has to have and and do versus what the FC states that the credit bureaus have to do. Keep that in mind. It it it's so good because like they fall for it every time. Like I I actually couldn't believe how much they fell for it. But anyways, so now you're now what what started happening in round three is like now you're starting to have a a parallel paper trail between the bureaus between the bureaus as well as the the creditors the furnishers, right? By the way, I don't know if this is if you guys know this or not. I mean, I guess this goes without say, but like obviously when I say furnisher, this doesn't just conclude like the original creditor. This also is for the collection agency. So, like I said, the the letters that we're that I'm showing today, this is in regards to collections and charge offs. So, it's not just charge offs, right? I keep saying charge offs cuz they're the they're the hardest to to dispute or whatever. And I've had the most success with charge offs with this method. Um, but it but it also refers to collection agencies. They're collections are way easier to get removed than charge offs. So, I kind of like to just like cut the head off the dragon, but but like this goes for both.
All right. So, now you're in round four. Now, technically this is this is still round three because you're going to send it at the same time as the last one, right? So now what what is this? Okay, you went to the credit bureaus twice at this point and then you then you went to the original creditor or the furnisher of the debt. Now as the ball was was on its way to your side of the court in all of the prior round, now the ball is officially like not only is it on your side of the court like you're now dribbling it like you actually have possession of the ball now. This is where your dispute process is going to shine under one condition by the way only if you do what you like you're supposed to do. Like so by this time you should have got in a habit of responding very quickly to their investigation. Yeah. Don't give them no extra time. Soon as you have their investigation results, respond. Soon as they respond, make them stand on it. All right.
So, anyways, this is round four. Um, so this is a notice to uh a notice of intent to to like file an official complaint. Like, this is you telling them like, "I have done nothing except request more information about this account. I didn't try to vacate the debt. I didn't try to to state it wasn't mine." Notice never once in this entire process have you even so much as hinted towards this account not being yours. The the only deletion request or sort of that we even mentioned in this process so far is if the information is not accurate, you may have to delete it. Like so you are literally sitting back going through the correct the entire process as the FC has outlined to you on what is the right way to dispute. You have their responses, you have your responses, you responded back in time. So they can't say that you waited too long. They can't say you didn't send it cuz you have proof that you sent these letters. They can't say that you didn't go through the right chain of command. You did. You went to the credit bureaus first. You gave them a chance to correct it. They failed to do so. Then you went to the original creditor. All we're doing is literally going point by point with what they tell us that we have the right to know and we have the right to request. That's all we have been doing so far.
No, no letter before this do you have to send certified to the credit bureaus. This is the first letter where I need you to spend that extra $34 to send it a certified so that you can get a receipt, a return receipt, okay? Cuz now you got to show me serious like now now, okay, play time's over. I've given you guys a chance, right? I've been patient. Um, so this letter serves as a formal notice um that I intend to file complaints with the Consumer Financial Protection Bureau and applicable state regulatory authorities regarding the handling of my dispute. You pe you peep the angle we're going. Mind you, normally when y'all be going to the CFB, y'all be saying, "Oh, TransUnion didn't delete this account. TransUnion failed to verify this account." Y'all ain't using the right language. Notice um you're not saying that this account is wrong. This account is not mine. I don't want to pay this account. They need to delete this account on my credit. No, no, no. All you're saying is, "I am complaining about the handling of my dispute." So, so in other words, I don't even have to fight anything else on this account. I ain't got to I ain't got to be in the weeds, fight nothing specific on this account except because of how you have handled this process. All I got to do is prove that you did not handle the investigative process correctly. Do you know that's the only advantage as as consumers that we actually have in disputing accounts that are that are ours nowadays? You you ain't gonna win by disputing the information on on the account cuz you know that's right. Like you know you owe them people $30,000. That that that is not to your advantage to dispute. You owe them people. They can prove it. It's 2020. They can prove it. Get them caught up on the dispute process and that's where you win cuz all you have to do is prove that you abided by the law and you requested information. This whole process is in in pursuit of you wanting to verify information of a company stating that you owe them $30,000 and all you're doing is saying, "Okay, who do I owe and why do I owe it?" We're disputing the process. You are all complicit in failing to simply give me information about debt that you say I owe. So, this is just the official notice. Hey, I'm going to sign or I intend to to to file a official complaint or dispute against your company because of how you handle my dispute. I have engaged in a documented dispute process spanning multiple rounds of correspondence. The following is a summary of that record. And and it's so cool because how I set up this letter, you literally gonna be able to just copy what you already put, place it directly into a CF CFPB complaint, and like it's all done for you. Like literally, this process is not only ensuring that you have conducted the process thoroughly and properly, but also that you have recorded been able to record it properly. Like it's so easy. Like I'm telling you, oh, it's I just love it. Anyways, this is you showing them that you have documented this entire process. So what what what is all the information that you need to include in here? So we just going to take our uh charge off from Capital One for example. So, mind you, remember when I told you guys, every letter that you send, keep track of the date that you sent it. Cuz if you if you'll notice, every single letter, well, I cut it off on this letter cuz it was long, but every single letter, always put the date on it. Always put the date on every letter that you send to the credit girls. That's very important because now what you're going to do with with round uh four, I need you to go through and put every date that you mailed off the round. So, you'll put the date that you mailed off the round one letter. And then you're going to put briefly right here the specific data fields that you requested, which like I said, all you got to do is go back and copy and paste. Like the hard work is done for you. Go back and copy and paste this these four specific data points. So this is what you would put right here. But you would put your date, right? Then on this point, you put the date that the credit bureau first responded to your round one letter. You put that right here, which is their response, right? If they verified it, all you all you need to do is put, "You responded, verified as accurate with no field-by-field explanation." Like literally, it's all done for you. You just right here need to just put how they responded and make sure you just include with no field-by-field explanation. And then right here you're going to put the date that you sent off round two to the credit bureaus. And then right here you're going to put the date that you received their response to round two and then a summary of the response. Most likely it's going to be, "They verified it's accurate again." Right here is going to be the date that you sent off the direct dispute to the lender, which is round three. Remember it's the previous letter. The date that you spent you you sent this off. Don't change this part. Only change the red. And then the last date is is the date that they responded to your last round. And then right here is just a summary of how they responded. Just it just document the specific instances of you challenging your credit report, the date that you sent it, the date that they responded, and how they responded. That's the whole goal of this, right? Um, you know, yeah, the rest is goes without say.
Okay. Now, round five. After you have officially notified the credit bureaus that you intend to file a complaint, this is just a notice of u a simultaneous direct furnisher dispute plus a demand for a non-automated reinvestigation. Okay, this letter is just a notice. So, it's not you're not challen you're not requesting any information from your creditor or or the furnisher or the creditor at this point. You're simply just putting them on notice because you have to you you have to, right? So, just send it at the same time as you send the the previous uh letter to the credit bureaus and send it to your creditor. So, now at this point, they're officially in violation of your rights. You don't have to give them any more chances to correct their mistakes to get it right to resend on whatever they have previously claimed or reported. This is the final one.
These are the accounts. So, if y'all weren't here for the first live, uh we first went over how you identify the accounts that you should dispute or the negative accounts. Here's a just a quick list. Just screenshot this. I give you my personal list of very specific things that I believe is worth disputing or I have personally um gotten removed or know that this kit applies to. So, all disputes fall under these like nine categories. Ownership and authorization errors. All worthy disputes rather. Let me say that these are the only things that I waste my time. Not even waste my time, but these are the only things that I would consider worthy of a full dispute process. All right. All right. All right. So, y'all have a blessed night. Okay. Go to sleep. I need to go to sleep, too. Um, good night. Go to sleep. Get them kids to school on time tomorrow. All right. Bye, y'all.