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. But before we proceed on that part, we will first discuss with you some basic things about credit inquiries that you have to know and understand.
When we say credit inquiry, we are actually referring to a record of any entities who may have viewed the credit reports that you have as well as the time or the instance they do such an act. 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.
To give you a much better understanding about what soft inquiries really are, they pertained to credit inquiries that are requested by authorize sources who want to have a copy of your credit report or perhaps, through a court order. In the contrary, hard inquiries are the type of credit inquiries that are mostly done by entities who have acceptable reasons on viewing your credit history like a prospective lender whom you are applying for either a loan, a financial assistance or a credit.
However, lenders are not molded the same hence, you have to be keen about those lenders who will push through in reviewing your credit report even though they do not have a reason for it and even if you have not given them permission to do so. In order for you to protect the points on your credit score from being taken away from you, we will present here in this article some fast inquiry removal schemes that will help you with your cause.
What you should do first is to send them a letter that contains a request for them to show you proofs that you granted them access of your credit report. Once they cannot give you the proof you asked them for, you must ask them to send a letter stating the their inquiry was made erroneously and if they cannot do this, you may sue them for violating the FCRA.
If you want to know more how you can remove inquiries, check out this video.