Why should you write a credit card dispute letter?

If you find that there is a shopping spree on your credit card that you did not create, you may be the victim of identity theft. There are lots of ways that someone can use your credit card without having the actual card; if you buy things online, your credit card number may be passed on to identity thieves. This is why it is important to make sure that you are making online purchases with sights that use Verisign, so that you can be sure that your credit card information will not be shared. Even if you pay a bill via mail, and throw something in the trash with your credit card number on it, people can use this information on purchase items on your card that you may not be aware of. You can also write a credit card dispute letter if your interest rate has gone up dramatically since the time you were approved for the card. The interest rate can affect your payments, and not being able to make your payments on time, or to pay the full amount for your payments could result in a lower credit score.

What should you include in your letter?

When you’re ready to compose your letter, you should include all the details about the debt in question. The date the purchases were made, the amount of each purchase, and the company that accepted the credit card payment should also be stated in the letter. You should also enclose a copy of your credit report in the dispute letter—this will provide proof to the credit card company that the debt is real. Your name and account information should also be clearly displayed in the letter, along with any other documents that you think will help to resolve the matter, such as a bill from a company you did not purchase anything from, or any change of address forms that will indicate that you don’t live in the city where the purchase was made. Be sure to keep a copy of the letter for your records. If you want to know more about how to compose a dispute letter, you can visit credit card company sites like www.visa.com or www.capitalone.com to get examples and sample information right from the horse.