Getting Rid 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. It does not matter whether there is negative information or not in your account. It is important to verify the item first.
Credit inquiries is made up of two types. Soft inquiry if the first type. Soft inquiries does not reduce your credit score. 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. Getting loans or other types of financing is tough when you have a lot of hard inquiry. 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 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. Failure of the bureau to investigate are remove inaccurate or invalid items from the credit reports of the clients is a legal mistake.
All you need to know is what to write the dispute letter, how to say it and who you are supposed to send the letter. Avoid paying expensively to a company that claim to improve your credit scores by repairing your credit report. You can repair the credit report by yourself, just learn!
If you find it challenging to write the dispute letter, use the internet to help you. Look for a website with the credit repair guide and download it. The guide will help you clear the credit inquiries. Hiring a genuine credit repair company with fair charges can help you fix your credit report. The expert can help expedite the problem and save you time and energy dealing with the creditors on phone and through letters.