A payoff letter template is a tool to help you write a letter to your lender and find out your payoff amount. However, before you request a payoff — or submit a payment — you should always verify a debt is yours. If it isn't, you can dispute their claims easily with help from Credit Glory.
What's your first step before using a payoff letter template?
Before you ever write a payoff letter template, you should always verify that the debt is actually yours and it's been reported correctly. Why is this important? The FTC has found that a staggering 1 in 5 credit reports contains (at least) one error! What happens if you find a mistake?
Mistakes could leave you paying more than you owe and crush your credit score. The good news? It's your right to dispute any inaccurate information — and if you want a little help, an experienced expert like Credit Glory makes it easy!
What you should watch for when scanning your credit report?
If you want to dispute (& remove) inaccurate info, you need to know what to look for. Common incorrect info includes:
- Names and addresses
- The reported balance
- Multiple records
- Delinquency dates
If one (or more) items on this list aren't right, you can dispute their claim — and Credit Glory's experience can make it a lot easier!
How to dispute (& remove) negative items DIY
There are two choices when you decide to dispute inaccurate information. The easiest way, and best value, is when you let an expert (like Credit Glory) lend a hand and help. The alternative? You can dispute DIY, but it's time-consuming & tedious. Here's how you dispute DIY.
Step 1: Write a dispute letter
There are several options for drafting a dispute letter. You can start from scratch — or find a template online. The tricky part is finding a legit template — especially when Google gives over 74 million search results! On the other hand, a partner (like Credit Glory) can simplify the process with proven results.
Step 2: Collect supporting docs
If you find a legit sample letter, you need to clearly state your name, address, and what you are disputing. Then collect all relevant documents to support your claim. A key here is ensuring you send copies — not originals.
Step 3: Wait for a decision
If you manage to write a letter, compile the documents, and find out where to send your letter — the last step is waiting for results. Assuming you did everything perfectly, the dispute results are sent to you in writing. The result? After a long wait — sometimes months — the record may be removed.
Credit Glory makes your dispute easier (& protects against future issues)
Handling the dispute process on your own is tedious and time-consuming. An easier way? Let Credit Glory — a dispute expert — handle the whole process (saving you time & money).
Choosing Credit Glory for help with your dispute provides:
- A proven disputing process, backed by a risk-free guarantee.
- Best-in-class support, so you always know what's going on with your dispute.
- Long-term protection against future errors with comprehensive credit monitoring (provided by IdentityIQ)
Boost your score with Credit Glory
Disputing negative items on your credit report is hard work! It takes a lot of time, effort, organization, and follow up. The good news? Our team of credit repair professionals are here to simplify everything! Let your dedicated credit repair expert relieve you of the stress, hassle, and time needed to fight your inaccuracies and boost your credit score (FAST!)
Credit Glory is a credit repair company that empowers consumers with the opportunity and knowledge to reach their financial dreams in 2021 and beyond.
Call us at (855) 938-3044 or set up a consultation to get started, today!