Credit inquiries are used by a bank or a company to check your credit report when you have applied for a loan or a credit card. Your credit score is reduced whenever a credit inquiry is made. When your credit score is low; it becomes difficult to acquire loans. You can get rid of inquiries from your credit report in time. Do not mind the information in the account. It is important to verify the item first.
There are two types of credit inquiry. The first type is the soft inquiry. Soft inquiries does not reduce your credit score. When you request for your credit report in accounts for the soft inquiry. The next type is the hard inquiry. Your credit scores are lowered by hard inquiries on your credit report. Getting loans or other types of financing is tough when you have a lot of hard inquiry. Removal of credit inquiries will enable you to be given finances without any difficulty.
The first step to start repairing your credit is by going through the credit reports from the three credit bureaus. Each bureau includes a credit inquiry section, both for the hard and soft. The next step involves identifying the items you want to challenge in the reports. A letter of dispute is then written to the bureau after knowing which item is affecting your credit score negatively. The bureau will investigate the item when they get the dispute letter. Make sure you send the letter of dispute using a mail that has been registered to get a delivery feedback. 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.
It is not difficult to learn how to remove credit inquiries. Avoid paying expensively to a company that claim to improve your credit scores by repairing your credit report. With some few learning, you can get your credit card fixed.
If you find it challenging to write the dispute letter, use the internet to help you. Check for a web page with a guide on how to repair your credit reports. 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. This will save you the time and energy of directly dealing with the lenders.