Best Time Of Year For Credit Repair

Were you aware that the best time of the year to submit disputes to the three major Credit Bureaus is during the holiday season?

Typically staffing at the credit bureaus along with the creditors themselves, who are responsible for verifying disputed information, are a bit short-handed during this time of year due to holidays and vacations.

Under the federal Fair Credit Reporting Act, a credit repository has 5 days from submission of an on-line dispute or from the receipt of a written request, to contact the creditor in question about investigating your complaint(s). The credit reporting agencies should reply back within 30-45 days from the time you submitted your complaint. The repository must send a written report to you with its findings, (and a copy of the revised report if there was any change) within 5 business days after the completion of the investigation.

Because there is a time frame that legally must be adhered to for both the credit bureaus and the lenders/creditors who must verify any items you are disputing, November and December are the optimal times to work on repairing your credit and getting negative items removed.

Use this time of the year to your advantage to fix your credit, in case the credit bureaus and creditors can’t thoroughly investigate within the specified time allotted.

Remember….Anything that cannot be verified, must be removed from your credit report altogether.

It is very important that each questionable item is dealt with individually, except for erroneous personal data.  If you attempt to have the credit reporting agency correct several items at once, it will be easier for the agency to claim that your request is frivolous or irrelevant.  If disputing multiple items, send each letter at different times, and each in a separate envelope.

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