| Before we discuss ways on how to remove inquiries | | | | calling Trans Union and Equifax to request for the |
| from credit reports, let us first talk about what credit | | | | addresses. |
| inquiries are, and their importance to you and your | | | | The third step on how to remove inquiries from credit |
| credit history. | | | | reports is by sending letters to each of the |
| When you apply for credit, a record of the credit | | | | establishments who pulled your record for an inquiry. |
| inquiry is added to your file when the credit granter | | | | According to the "Fair Credit Reporting Act", only |
| goes to your credit record to evaluate your credit | | | | authorized inquiries are allowed to appear on your |
| history. Having too many credit inquiries on your record | | | | consumer credit report. If you think the inquiring creditor |
| is bad for you, as it may signify that you are | | | | is not properly authorized to look into your file, you can |
| "credit-hungry" and may in fact be in financial trouble, | | | | send a letter challenging this inquiry. |
| something that is not very appealing to potential | | | | Sometimes, the creditors will produce a document |
| creditors. In addition, the creditors may assume that | | | | saying that the inquiry is approved by you in which |
| those inquiries have been converted to actual credit | | | | case you will need to study the authorization form you |
| lines or loans that have yet to appear on your credit | | | | signed very carefully. If you find any ambiguity in the |
| report. So having too many inquiries on your credit | | | | form, you can argue that the form is too complicated |
| history gives you a lesser chance of getting approved | | | | to be understood by a layman, and that you will |
| on the loan or credit line you are applying for. | | | | contact the State Banking Commission to complain of |
| So how to remove inquiries from credit reports? First, | | | | the deceptive form if the inquiry is not removed from |
| you must get a hold of a copy of your credit report | | | | your file. Sometimes creditors may ignore your dispute, |
| from all three credit bureaus. Check the reports and | | | | which is to your advantage. You can use the creditor's |
| see the inquiries listed at the end part of each report. | | | | lack of timely response to your dispute as leverage in |
| Some inquiries may just be promotional inquiries and | | | | demanding that the inquiry be removed from your |
| can be ignored, but you should be able to recognize | | | | records immediately. |
| the establishment/s where you sought credit and was | | | | Remember that the goal of this article on how to |
| denied. | | | | remove inquiries from credit reports is not to |
| The second step on how to remove inquiries from | | | | completely remove all inquiries from your records, just |
| credit reports is to get the addresses of the | | | | enough inquiries to make you eligible again in securing |
| establishments that denied you of your loan or credit | | | | credit. |
| application. However, only Experian lists the addresses | | | | In these tough economic times, your credit score is |
| for each inquiry, so you may have to search for | | | | more important than ever. Even people with seemingly |
| addresses listed in Trans Union and Equifax that do | | | | good credit are getting turned down for credit cards |
| not appear in the Experian report. You can do this by | | | | and home and automobile loans. |