Find Out The Ways On How To Effectively Remove Credit Inquiries
Since we want you to be aware of credit inquiries and the cons about this particular thing, we will be providing you below remove inquiries fast video that will educate you on how to do things right and legal. Yet, we will not proceed immediately on tackling about removing credit inquiries as we see the need for you to first know and understand what credit inquiries are and several things that surrounds it.
Talking about credit inquiry, you should know that this is a kind of record that every entities have for themselves as this is where their actions are being recorded such as when they view your credit report and when the viewing was done as well. If you are wondering why might be the one to monitor the inquiries done by outside entities on credit reports, well, we’ll have you know that it is the job of credit reporting agencies and talking about them, they are tasked by the federal government to keep a report that is detailed and concise regarding all the inquiries they can find for twenty four months. Another thing that we want you to know regarding credit inquiries is the fact that it comes with two types and these are the following: the hard inquiries which are known for hurting the credit score of a person, and; the soft inquiries which are said to be much safer as it does not hurt a person’s credit score.
In other words, when we say soft inquiries, we are actually referring to credit inquiries that are released through a court order or probably, from a request coming from an authorized sources who wants to grab hold a copy of the credit report that you have. On the other hand, as for hard inquiries, these are inquiries that may be conducted by a person who have acceptable reason on reviewing your credit history like a prospective lender as you are applying for a credit, a loan or probably, a financial assistance.
But then again, we want you to be aware of the fact that there are lenders out there who will seek to review your credit report even without a valid reason at all and without you giving them the access to do so. To prevent these types of lenders from invading your credit report, there are some ways on how you can do so.
With regards to this matter, the first thing to do is to send a letter of request to the lender, asking them to show proofs that you have agreed on them viewing your credit report. If the lender cannot show you the proof you are asking from them, they must write a return letter stating how their inquiry was done erroneously but, if they cannot do this as well, it is now time for you to file a complaint against them for violating the FCRA.
Check out inquiries removal video online to know more about this.
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