Dispute Template Letter – Limit

NOTE: Use this letter to ask the credit bureau to report the correct credit card limit on your credit report.  30% of the credit score is impacted by the balance to limit ratio on your revolving accounts, and if the balance on your credit card statement is over 30% of your limit, you are losing important credit score points.  That is why it is crucial to make sure that your credit card limits are being reported accurately across all three major credit bureaus.  Send a copy of your credit statement (highlight the limit and account number), include proof of current address, proof of social security number, and send all correspondence via certified mail.  It is also very effective if you attach a letter to your creditor asking that they also take the necessary steps to make sure that your credit items are being reported 100% accurately.

[[Date]]

[[Credit Bureau Name]]
[[Address]]
[[City, State, Zip]]

Dear [[Credit Bureau Name]]:

I pulled a copy of my credit report on-line and found that you are reporting the wrong limit on the following account:

Creditor:  [[Creditor Name]]

Account Number:  [[Account #]]

Accurate Account Limit: [[The Limit on your statement]]

I have also sent the attached letter to my creditor asking that they report the correct limit to the credit bureaus immediately.

Per Fair Isaac & Co., and all of the literature on your site, 30% of my credit score takes into consideration the balance to limit ratio on my revolving accounts.  Reporting an inaccurate limit or not reporting a limit at all has a serious negative impact on my credit scores.

Please update my file and report the correct limit as soon as possible.

Thank you for your help.

Sincerely,

[[Your Name]]
[[Your Address]]
[[Your SS#]]
[[Your DOB]]