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. But before we proceed on that part, we will first discuss with you some basic things about credit inquiries that you have to know and understand.
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. 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. On the other hand, as for hard inquiries, these are inquiries that may be conducted by a person who have acceptable reason on reviewing your credit history like a prospective lender as you are applying for a credit, a loan or probably, a financial assistance.
However, lenders are not molded the same hence, you have to be keen about those lenders who will push through in reviewing your credit report even though they do not have a reason for it and even if you have not given them permission to do so. 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. Once they cannot give you the proof you asked them for, you must ask them to send a letter stating the their inquiry was made erroneously and if they cannot do this, you may sue them for violating the FCRA.
If you want to know more how you can remove inquiries, check out this video.