if You Can’t Get Anywhere With Your Dispute

Stranded in the midst of a dispute

Sean bought a car from an agent. After a few days, he realized that the deal was actually an attempt to rip him off. He stopped paying the loan and even complained to the state attorney general’s office, he even received a letter from the office stating that the default information should not be reported to his credit report. Though he has sent several letters to the bureau but the information is still being reported. What should Sean do?

In such a scenario, the consumer has few options:

Make a complaint to the Federal Trade Commission: In case you have tried to dispute with the credit bureau but they have not responded to your requests, then you can file a complaint at FTC. Once you file a complaint with FTC, they will forward your complaint to the credit bureau involved and seek an explanation from them.
Add a statement to your credit report: You can add a 100 word statement in your report that explains your side of story. Though it is useful but it won’t save your score from getting hit.
Contact an attorney: You can hire an attorney to write letters for you. As a layman you might not be aware of the nitty gritty of dealing with the credit bureaus. With the help of an attorney, send the bureau some strong worded, relevant and effective letters. Such letters might force the bureau to respond to your dispute.