Disputing a Debt in Writing

Having debt is sure to cause you stress in your life, and it can get even worse when you're creditors have made a mistake and added more debt to your account than you actually have. Sometimes, consumers don't even notice these added debts and just end up paying for them. To make sure that this doesn't happen to you, you need to make sure that you always look over your debts really carefully. That way, you can assure that you only pay just what you owe.

If you notice that you have some debts on your account that are erroneous or that you have already paid, then you should take steps to have this addressed and fixed. One option that you have for disputing an erroneous debt without hiring an attorney is to write a letter to your creditor. In most cases, this is what is required in order to remove a debt like this from your record. Before you do sit down to write a letter to the creditor regarding your debt, you should keep some things in mind first. If you take care with writing your letter, then you are more likely to have a more positive outcome.

Tips for Writing Your Creditors

If you are going to write your creditors regarding debts that you think are erroneous, you need to make some preparations before you do so. You're going to need to identify which debts on your record that you are disputing and make sure that your creditor really understands which debts you are disputing and why you are doing so. It might be a good idea to highlight the debts on your statement or bill that you think are not accurate. Then, you will need to explain why you think the debts are false.

When you are writing a letter to your creditor about a debt, you need to make sure that you can provide as much evidence as possible to prove that it was not you who made the charge or that you already paid this debt off. If you paid the debt off already, then it should be really easy to prove that you did so. You can probably get a quick copy of your bank statement from your bank and include this in the letter that you write to your creditors. This will prove whether or not you sent the money in.

One thing that you need to keep in mind when you are trying to dispute a debt is that there might be a time limit for doing so. Your creditors are required to inform you of all debts that you owe, and you will usually have 30 days to dispute these debts if you feel that they are false. If you just put your bills aside and don't take the time to look at them closely, then you could end up having to pay for charges that you do not owe.

Don't Just Ignore Creditors

A lot of people who don't believe that the debt they owe is right end up just ignoring it. This is a bad idea because it could end up harming your credit score in the end and prevent you from getting good rates on other lines of credit. As such, you need to make sure that you deal with these erroneous debts in a responsible manner. Disputing a debt in writing is the best way to go about things, so make sure that you start on it as soon as you notice that you have been charged incorrectly.