How can you remove credit inquiries from your credit report?
Credit inquiries may have a negative effect on your credit report. Find out how you can get the unauthorized credit inquiries removed from your report to improve your score and also your chances of future credit.
Credit inquiries may be removed by following some simple steps. They are:
1. Identify harmful inquiries: You need to find out which credit inquiries mentioned on your report is turning out to be harmful. For this you need to get all 3 of your reports and check minutely. The inquiries are usually mentioned towards the end of the report. Some of these may be simply promotional and are not shown to prospective grantors. These are not to be worried about. Identify only those that are shown to prospective creditors.
2. Identify contact address of inquirers: Experian usually lists the addresses of those who have made a credit inquiry. Match all three of the credit reports and see if you have all the names and their respective addresses. If not, then you may call the credit bureaus to find out their addresses.
3. Prepare letters to send: The FCRA allows only authorized inquiries to remain on the report and the rest must be removed. Prepare a letter to all the bureaus asking them to remove all unauthorized inquiries on your report.
4. Read documents carefully: In reply to your letter sent to the bureaus, some creditors may mention that the inquiry had been authorized by you. Read the documents carefully and look for evidence whether or not you really did authorize the inquiry.
Creditors usually remove unauthorized inquiries when disputed. If they refuse to remove credit inquiries that are not authorized, you may contact the State Banking Commission and lodge a complaint. Credit inquiries are supposed to fall off your report after 2 years of it being reported. In case it doesn’t and in case you do not want to wait for so long, you may follow the steps mentioned above to remove credit inquiries from your report.
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