Find Out The Ways On How To Effectively Remove Credit Inquiries
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. 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. 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.
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. 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.
Yet, please be careful and cautious about those lenders who would still want to view your credit report even if you have not consented them to do so and even if they do not have any valid reason at all. To prevent these types of lenders from invading your credit report, there are some ways on how you can do so.
The very first thing that you have to do regarding this matter is to send them a letter of request asking them to show proof that you have consented them to view your credit report. When the lender cannot provide you the proof, ask them to send a letter back to you stating how their inquiry was erroneously done and if they cannot do this as well, sue them for violating the FCRA.
If you want to know more how you can remove inquiries, check out this video.