How To Remove Hard Inquiries From Your Credit Report




A hard pull of your credit reports results in another inquiry that you’re stuck with for up to 2 years. This sucks as it can lower your credit score and if you are shopping around for a car or a house those inquiries can really add up. And I know they say when you are seeking a home or auto loan all of the pulls, within a certain amount of days of each other, count as one (Meaning if within a week or so 20 auto lenders pull your credit. It should only count as 1). That’s not always the case. I was considering buying a new car a couple of years ago and was hit with 11 inquiries in one day!!

And like most things, the better your credit is the bigger the blow is to your score. Just like the better your credit is, the more it’s impacted by a late payment.

So what’s the answer?

You have to work to remove them.

Now, I must admit removing late payments or negative accounts are far more easier than removing inquiries. But…It’s worth the work.

I should note here that if the credit inquiry led to an account or some issuance of credit it’s a good chance it wont get deleted from your account. However, it’s worth a try disputing it in hopes that the creditor simply doesn’t respond within 30 days. The inquiries you really want to target first are denials or anything that did not lead to you receiving credit from that particular creditor.

Now that you have identified which inquiries you want to remove, you want to send one letter to the bureau and one letter to the creditor.

Here is a sample letter to the bureau:

06/14/2015

Susie Susington
555 5th Ave
New York, NY 10001

Equifax
PO Box 105518
Atlanta, GA 30348

REF: 055-55-3377

Dear Equifax: I am very concerned regarding the serious possibility that you have not followed the permissible purpose provisions of the federal FCRA. A credit inquiry for (Insert Creditor’s name here) was placed within my credit file in May 2015. The Act specifies that you must document your reasons for including such items on my report and, when in error, remove them as well. I am depending upon Equifax to follow the law: Either provide documentation that the law was followed by contacting (Insert Creditor’s name here) at once, or remove this offending inquiry as soon as possible.

Yours truly,

Susie Susington




Here is a sample letter to send to the creditor:


06/14/2015

Susie Susington
555 5th Ave
New York, NY 10001

Creditor
PO Box 555
City, GA 55555

REF: 055-55-3377

Dear(Insert Creditor’s name here): I am very concerned regarding the serious possibility that you have not followed the permissible purpose provisions of the federal FCRA. A credit inquiry for you, (Insert Creditor’s name here), was placed within my Trans Union credit file in May, 2015. The Act specifies that you must document your reasons for requesting my report and, when in error, remove them as well. I am depending upon (Insert Creditor’s name here) to follow the statute: Either provide documentation that the law was followed by researching the matter at once, or remove this offending inquiry as soon as possible.

Yours truly,

Susie Susington

Send these letters until you get your removals. Good luck.

Experian
PO Box 9701
Allen, TX 75013

Trans Union
PO Box 2000
Chester, PA 19022

Equifax
PO Box 105518
Atlanta, GA 30348


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