Credit Inquiry Removal Help
Credit Inquiries are used by financial lenders to assess credit risk or deciding whether to extend credit to the borrowers. Whenever a credit inquiry is made, your scores go down. The probability of getting money from financial lenders is low when you have a reduced credit score. There are ways on how to delete inquiries from your credit report before the usual time of 2 years. The type of information in your account does not matter. What matters is the verification of the item.
Credit inquiry is divided into two. The first type is the soft inquiry. This type of inquiry does not affect your credit score negatively. For instance, whenever you request a copy of your credit report. Hard inquiry is the next one. This type of inquiry has an impact on your credit score, and all creditors can see it. When you have a lot of hard inquiries in your credit inquiry reports; it is hard to get finances from creditors. Removal of credit inquiries will enable you to be given finances without any difficulty.
The first thing to do to remove your credit inquiries is to request your credit reports from the bureaus and keenly assess each item. Look at both the soft and hard inquiry section. The next step is questioning the reports when you find a problem with you credit inquiries. After identifying the negative item in your report, write a dispute letter to the bureau. Once the bureau gets the dispute letter, they will start investigating the item. To get the evidence of delivery, use a registered mail to send the letter of dispute to the bureau. 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. It is the requirement by law that the bureaus must investigate and remove inaccurate or items that cannot be verified.
It is not difficult to learn how to remove credit inquiries. There are fraud companies who are after your money in the name of removing your credit inquiries. With some few learning, you can get your credit card fixed.
You can get guidance from the net if you don’t know how to write a dispute letter. Check for a web page with a guide on how to repair your credit reports. You can then remove the credit inquiries by the help of the credit repair guide. 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.