So as to maintain the excellent state of the credit score it is important that we facilitate the routine removal of the credit inquiries. There are many reasons that are associated with the inquiry that is evident in the credit report. Some of this may include asking your credit card company for an increment in the credit limits, when you apply for a loan for your house or your car among many others.
Soft and the hard pull inquiry are the major types of inquiry. The soft pull inquiry is achieved by the creditors who will intend to use your credit information to acquire your current financial situation. On the other hand the hard pull inquiry occurs when you apply for a new credit limit, a new credit card, or you submit a loan application.
Lets take time and see what affects the credit score. When you have lot of inquiries on your report the creditor will tend to think you need the credit very much and it is for this reason that the creditor will be surprised to get that you may fall in to some financial problems Due to the many inquires the creditor will think that the amount of debt that you have indicated might be even much higher.
Lets consider removing the credit inquiries. First, identify the kind inquiry that is causing you the problems. Order the reports of your credit, once you have received them, check and establish the inquiry at the end. Take note of the type inquiry that is going to the grantor make sure that you consider them.
Make sure that you know every address of the inquiry. To do this you can consult the credit bureau in order to get the address, or you can use the toll number which you can use to contact them so that you can get the address. When you have acquired the address you can proceed to step three.
Challenge the inquiry. To do this you need to write letters to every inquiry that you have a problem in. Always have the poof of authorization when sending the letter and make sure that you are in that send the letter through certified firms. By doing so it will be an indication that there are some tacks that you are undertaking.
Check and countercheck. There are those companies that will provide the documentation while there are those who won’t offer any. For those who offer, make sure that you check that you are the one who authorized the inquiry. If there is a problem you can write a letter to complain about the issue. For those that do not provide the documentation it is a clear indication that they do not have the proof.