So I looked at the credit score on my statement and immediately noticed that it had dropped thirty points from the previous month.  I began to analyze why this happened and realized that I had recently leased a car.  So why did that have a major effect on my score?  There are three main reasons:

IN MY MANY YEARS OF ASSISTING PEOPLE IN IMPROVING THEIR CREDIT, I HAVE ENCOUNTERED MANY INTERESTING SITUATIONS WITH CONSUMERS AND THEIR CREDIT PROBLEMS.

NOW ANYONE CAN SIT DOWN AND DISPUTE A TRADE LINE ON THEIR CREDIT REPORT.  HOWEVER, BEFORE YOU DISPUTE A TRADE LINE YOU NEED TO UNDERSTAND SOMETHING ABOUT THE DISPUTING PROCESS. 

Before you get involved with disputes the three major credit repositories and the bureaucracy of the credit industry you should be familiar with the federal laws that explain your rights as a debtor. The other two are the Fair and Accurate Credit Transactions Act (FACT) and the Fair Debt Collections Act.  They form the basis of your rights as a debtor and the procedures for exercising those rights.