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.
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. With regards to credit inquiries, you should know as well that there are two types of them which are the soft inquiries (inquires that do not hurt the credit score of a person) and the hard inquiries (inquiries that causes damage to it).
To give you a much better understanding about what soft inquiries really are, they pertained to credit inquiries that are requested by authorize sources who want to have a copy of your credit report or perhaps, through a court order. Meanwhile, when it comes to hard inquiries, we want you to know that this is an act conducted by someone who have an acceptable reason on viewing your credit history such as a prospective lender since you are applying for financial assistance, a credit or even a loan.
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.
For those of you who are looking for more information regarding this matter, view video.