Can you have inquires removed from your credit report?
I was wondering if you can have inquires removed from your credit report. I recieved a copy of mine and my husband’s credit report and there have been 75 inquires in the last 360 days. I know that too many affect your credit score.
Legally, if an inquiry was not for a ‘permissible purpose’, you have the right to get them removed. Of course, you need to know what is a ‘permissible purpose’. Read more about it at creditboards: http://www.creditboards.com/mambo/index.php?option=com_content&task=view&id=7&Itemid=2 (As mentioned in the page I linked, sometimes even though not required to do so, some creditors will remove them if you ask nicely.)
Are these hard inquries (initiated by creditors) visible to creditors or soft inquiries (initiaged by you) not visible to creditors? If soft, let them be.
You can get your credit report flagged to limit inquiries.
You can dispute items that you believe you did not authorize. Listed below is a link which has a sample letter to send to the companies to dispute inquiries.
Are you seeing “Hard” Inquires that is ones that you requested? If so these will be on there for 2 years before they can drop off, but as far as Credit Scoring they ignore anything over 1 year.
If these are “Soft” Inquires they have no effect on your credit score, and lenders don’t even see these anyways. These soft inquires are most likely Pre-Screened offers for credit that you can opt out by going to the site below. This is the one run by the credit agencies.
If the inquires are “Hard” inquires and you did not initiate them you can dispute it with the credit agencies. However, I would also look real close at your report and make sure someone is not trying to open up credit in your name. If you did initiate these you need to stop applying for credit, generally 1 or 2 won’t hurt every couple of months but an average of 6 a month is hurting your score.
“The credit bureaus can also make mistakes. They store the ratings of many people and are they too can make mistakes. They can enter wrong details about you. So check!
Ask for a copy from the bureau contacted. Read the information completely and note down any errors. It is bureau’s duty to have a look into matter, report the facts and send the corrected details to the lenders who have turned down your request for credit.
Improving your financial habits will help you repair your credit report. Every time you apply for the credit, your lender will check your report with the bureau before allocating fresh credit to you.”