Removal of Credit Inquiries
Before a bank or other financial lenders give you a loan, they view for your credit using the credit inquiries. Your credit score is reduced whenever a credit inquiry is made. 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. Soft inquiry if the first type. Soft inquiries does not reduce your credit score. An example of soft inquiry is when you or an institution asks for your credit report from the credit bureaus. Hard inquiry is the next one. The hard inquiries affect your credit scores negatively, and the financial lenders would want to see it. When you have a lot of hard inquiries in your credit inquiry reports; it is hard to get finances from creditors. It is vital to know how to remove inquiries from your credit report before applying for a loan.
The first thing to do to remove your credit inquiries is to request your credit reports from the bureaus and keenly assess each item. You should confirm the hard and the soft inquiries. The next step involves identifying the items you want to challenge in 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. 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. Failure of the bureau to investigate are remove inaccurate or invalid items from the credit reports of the clients is a legal mistake.
It is not difficult to learn how to remove credit inquiries. Avoid paying expensively to a company that claim to improve your credit scores by repairing your credit report. 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. Look for a website with the credit repair guide and download it. The guide will help you clear the credit inquiries. Consider hiring a credit repair company if you have other negative items on your credit report that need to be dealt with. You do not have to contact the creditors all the time when you hire the right credit repair services.