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How To Remove Credit Inquiries

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 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.

There are two type of inquiry that is 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. 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 too many credit inquiry in your report it gives the creditors that notion that you are hungry for the credit and with time you might be financially troubled. The a creditor may think that the fact that you have a lot of inquires in your report, the debt to income ration may be even much higher than even how you have stated it.

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. Be keen on the kind of inquiry that is going to appear to the grantor.

Secondly note each and every address of the credit 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 this with you it is a position that now you can process to step three.

Challenge the inquiry. For these case you need to write a letter to each kind of inquiry that you have some issues 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 you will have evidence showing that there are some actions that you’re taking.

Check and countercheck. There are those companies that will provide the documentation while there are those who won’t offer any. For those who involve themselves in providing the documentation make sure that the documentation is from that authorized party of the inquiry. Speak out when there arises a problem. For those that do not provide the documentation it is a clear indication that they do not have the proof.

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