It is imperative to practice removing of the credit inquiries from time to time, this will help to prevent the weakening if your credit score. There are quite a number of reasons as to why inquiry arises in your credit report. There are like seeking for a loan for your car or requesting for your credit company to offer you with some increment on the loan limits.
There usually are two type of inquiry; first there’s there is the 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. The hard pull inquiry occurs when you apply for a loan, applying for a new credit card or when you request for an increment on your credit limits.
Before we continue let’s have a look at what affect 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.
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 establish the inquiry at the end. Identify the kind of inquiry that will be appearing to the grantor make sure that you note them down.
Secondly note each and every address of the credit inquiry . In order to get this address consult the credit bureau or call the toll free number that will facilitate you in getting the addresses that you require When you have acquired the address you can proceed to step three.
Give a challenge to 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 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 offer, make sure that you check that you are the one who authorized the inquiry. If there is a problem you can write a letter to complain about the issue. For those that do not provide the documentation it is a clear indication that they do not have the proof.