Frequently Asked Questions on Credit Inquiry Removal
If you’ve a question, we’re at your disposal. Here is a selection of our most frequently asked questions. If you can’t find the answer, you’re looking for visit our Contact page and give us a call or send your question over. We are very easy to talk to!
Disputing debatable items off of your credit profile can be easy, particularly with the help of a pro. You should only dispute inaccurate or incorrect items off of your credit report, and hard inquiries are in mostly correct. Although you dispute credit correct inquiries, we make sure to get the job done; or you don’t pay.
Many individuals tend to overly focus on removing inquiries when their credit reports are full of collection accounts, foreclosure, or even late payments. In these instances, you may perhaps want to hold off on your attempts to remove inquiries until after you’ve successfully resolved some of the bigger issues on your credit profile.
But, if you’re tackling your other credit issues, it doesn’t hurt to take care of this problem, too. On a scale of one to ten, with ten being the worst thing on your credit report, credit inquiries are a mere one on the problem scale.
Worst case scenario, the creditor has a good reason to believe that you received many of the credit lines that are reflecting as inquiries, and that many of those credit lines have not yet reflected on your credit profile.
Too many recent inquiries imply to a creditor that your debt-to-income ratio may well be much higher than you say.
Since you frequently don’t have control over who is pulling your credit report, your first step is to ask for a copy of your credit profile to sift through all of the items listing in the Credit Inquiries section. Scrutinize each item, and if it is not something that you authorized, it’s time to dispute the item and have it removed. There are two ways of getting this done.
The first way is to go about the dispute process on your own. Obtain the address of each creditor whom you didn’t authorize to perform a hard inquiry. Then send them a certified letter in the mail affirming that the inquiry was unapproved and should be removed straightaway.
If you’ve other negative items on your credit report that need to be dealt with, you may consider hiring a trusted company like Fast Credit Inquiry Removal. Our professional can help accelerate the process and save you a lot of time dealing with your creditors through letters and on the phone.
At times inquiries do not impact your credit score at all. Other times they can affect it by up to five points each. Nevertheless, having a lot of credit inquiries on your credit profile at once can signify to a creditor that you’re desperate for money and may be in trouble financially.
They may also think that you have recently opened up a bunch of new accounts and could deny you credit as new lines of credit often take time to show up on your report. Plus, while five points may not seem like a lot, it can quickly add up if you’ve applied for many loans or credit cards over the last two years.
Even though the effect on your credit score diminishes over time, creditors will still be able to spot the list of inquiries at the bottom of your credit profile for a full two years.
Keep in mind that the difference between being denied or approved for credit, and getting a higher or lower interest rate, is usually decided based on pre-set score ranges. If your credit score is on the nib between “fair” and “poor,” five to ten points can make all the difference in obtaining better loan terms.
Those credit inquiries could be all that is standing between you and a better rate, or access to a loan at all. So while inquiries might not have a huge effect on credit for some individuals, they can have an impact on the financial lives of many.
Credit Inquiries can stay on your credit profile for up to two years. Every time an inquiry is made, it’s recorded by each of the three credit bureaus –TransUnion, Experian, and Equifax. And every time an inquiry is recorded, it can potentially affect your credit score.