Removing the credit inquiry is a practice that you can consider doing from time to time so as to avoid the wreaking of your credit score. There all due reasons as to why there arise some inquiries 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.
There usually are two type of inquiry; first there’s there is the soft, and the hard pull inquiry. In the soft pull inquiry here the creditors do an investigation on your credit so that they can have an information about your economic situation. In the case about the hard pull loan it occurs when you apply for a loan when you apply for a new credit card when you apply for an increase or decrease in the credit card limits.
Before we continue let’s have a look at what affect the credit score. At the condition when you have a lot of inquiries on your report, the creditor will think that you are hungry for money, and for this reason the creditor will be worried that you may fall, into financial crisis. Due to the many inquires the creditor will think that the amount of debt that you have indicated might be even much higher.
Lets now consider how to remove the inquiries on the credit. First, identify the kind inquiry that is causing you the problems. Order the reports of your credit, once you have received them, check and locate the inquiry at the end. Identify the kind of inquiry that will be appearing to the grantor make sure that you note them down.
Secondly identify the address of each credit inquirer. In order to get this address consult the credit bureau or call the toll free number that will facilitate you in getting the addresses that you require 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 supportive documentation while as there are those who will neglect it. For those who involve themselves in providing the documentation make sure that the documentation is from that authorized party of the inquiry. If there is a problem you can write a letter to complain about the issue. For those who do not prove the documentation it is a clear indication that you will be in that position to show to them that they have no proof and want they have to just drop the inquiry.