So as to maintain the excellent state of the credit score it is important that we facilitate the routine removal of the credit inquiries. 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 . The soft pull inquiry is achieved by the creditors who will intend to use your credit information to acquire your current financial 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 lot of inquiries on your report the creditor will tend to think you need the credit very much and it is for this reason that the creditor will be surprised to get that you may fall in to some financial problems Due to the many inquires the creditor will think that the amount of debt that you have indicated might be even much higher.
Now let’s have a look at how to remove this inquiry. First take into consideration the kind of inquiry that is causing trouble. 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 identify the address of each credit inquirer. So as to get this number it is important that you take time and consult the credit bureau or contact using the toll free number so that you can the address. When you have this with you it is a position that now you can process to step three.
Challenge the inquiry. To do this you need to write letters to every inquiry that you have a problem in. Always ask for proof of authorization and when sending tis letters make sure that you send them to a certified organization. By engaging yourself in sending letters, you will be in that position to defend yourself that you are putting some efforts.
Conduct a thorough checkup Some companies will provide documentation while there are others that won’t. 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. Those who do not provide the documentation shows lack of proof.