Getting Rid of Credit Inquiries
Credit inquiries are used by a bank or a company to check your credit report when you have applied for a loan or a credit card. Credit inquiries reduces your fisco score. Getting financing can be hard if you have a low fisco score. There are ways on how to delete inquiries from your credit report before the usual time of 2 years. It does not matter whether there is negative information or not in your account. It is important to verify the item first.
Credit inquiries is made up of two types. The first one is the soft inquiry. Soft inquiries does not reduce your credit score. When you request for your credit report in accounts for the soft inquiry. Hard inquiry is the next one. This type of inquiry has an impact on your credit score, and all creditors can see it. Getting loans and credit cards from financial lenders is not easy with a lot of hard inquiries in your credit report. It is vital to know how to remove inquiries from your credit report before applying for a loan.
The first step to start repairing your credit is by going through the credit reports from the three credit bureaus. Each bureau includes a credit inquiry section, both for the hard and soft. If you find any item that you did not authorize or was incorrectly documented, challenge the reports. Once you have seen the inquiry that is causing you problems, start with writing a dispute letter to remove the negative credit from your report. On receipt of the letter challenging the credit report, the bureau takes action by looking into the item in question. The dispute letter should be sent using a registered mail so that you can know the letter was delivered. If the bureau does not take action on your letter, then use the delivery email you got after sending them the dispute letter as evidence against them. The law protects the consumers by ensuring that the bureaus investigate and remove unauthorized items from their credit reports.
It is not difficult to learn how to remove credit inquiries. You should be very careful with those companies who will charge you lots of money to remove an inquiry from your credit report. With a little knowledge, you can remove the credit inquiries yourself.
If you have difficulties writing a credit dispute letter to remove inquiries from your credit report you can use the internet. Look for a website with the credit repair guide and download it. This will show you how to remove credit inquiries from your credit report. Hiring a genuine credit repair company with fair charges can help you fix your credit report. This will save you the time and energy of directly dealing with the lenders.