Removing Credit Inquiries In An Effective And Efficient Way – Know It All Here
You have to be aware of credit inquiries as there are instances when such an act must not be done, particularly those who are not given the access to do so hence, what we will do in this article is that we will list downs some ways on how to remove inquires fast. Yet, we will not proceed immediately on tackling about removing credit inquiries as we see the need for you to first know and understand what credit inquiries are and several things that surrounds it.
When we say credit inquiry, we are actually referring to a record of any entities who may have viewed the credit reports that you have as well as the time or the instance they do such an act. The one who is responsible for monitoring the viewing of credit reports are the credit reporting agencies and they are being required by the federal government to maintain and concise and precise report regarding this matter for twenty four months. We want you to know as well that when it comes to credit inquiries, there are two primary types of it and these are the soft inquiries which are said to not hurt the credit score of an individual, and the hard inquiries which are known for hurting the credit score of an entity.
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.
Check out inquiries removal video online to know more about this.