Removing Credit Inquiries In An Effective And Efficient Way – Know It All Here
It is important for you to know by now that there are credit inquiries that should not be done, especially for unauthorized persons that is why we present to you this article containing all the things that you have to know regarding how to remove inquires fast. But before we proceed on that part, we will first discuss with you some basic things about credit inquiries that you have to know and understand.
Talking about credit inquiry, you should know that this is a kind of record that every entities have for themselves as this is where their actions are being recorded such as when they view your credit report and when the viewing was done as well. If you are wondering why might be the one to monitor the inquiries done by outside entities on credit reports, well, we’ll have you know that it is the job of credit reporting agencies and talking about them, they are tasked by the federal government to keep a report that is detailed and concise regarding all the inquiries they can find for twenty four months. Another thing that we want you to know regarding credit inquiries is the fact that it comes with two types and these are the following: the hard inquiries which are known for hurting the credit score of a person, and; the soft inquiries which are said to be much safer as it does not hurt a person’s credit score.
As what we have mentioned above, soft inquiries are the kind of inquiries that do not hurt the credit score of a person which means that these are those inquiries that are request through court order or from an authorize source who wants to have a copy of your credit report. In the contrary, hard inquiries are the type of credit inquiries that are mostly done by entities who have acceptable reasons on viewing your credit history like a prospective lender whom you are applying for either a loan, a financial assistance or a credit.
But then again, we want you to be aware of the fact that there are lenders out there who will seek to review your credit report even without a valid reason at all and without you giving them the access to do so. To prevent these types of lenders from invading your credit report, there are some ways on how you can do so.
What you should do first is to send them a letter that contains a request for them to show you proofs that you granted them access of your credit report. If the lender cannot show you the proof you are asking from them, they must write a return letter stating how their inquiry was done erroneously but, if they cannot do this as well, it is now time for you to file a complaint against them for violating the FCRA.
If you want to know more how you can remove inquiries, check out this video.