When you apply for a loan or credit card, the creditor appears on your credit report. Is there anway to erase those inquires?
2006-12-15 08:42:48 · 10 answers · asked by Little Hulk 1 in Business & Finance ➔ Credit
yes you send them a certified letter (it may take a few times to do this) but you send them a certified letter stating that you want the inquiry taken off your report. Becuase if you have an inquiry but you don't end up opening a line of credit it looks like you were denied which is not the case. They will remove it if you tell them you weren't denied.
2006-12-15 08:46:11 · answer #1 · answered by heartbreaker6713 3 · 0⤊ 0⤋
No, they're considered "hard" hits (as opposed to "soft" hits where you check your own score, ect)
Those inquires are kept because it sends red flags to lenders if you're looking to get a lot of credit in a short amount of time. However, if you're shopping for the best auto loan or mortgage rate and a lot of the inquires happen in a short period (usually about two weeks) it shows as one hit.
2006-12-15 09:51:17 · answer #2 · answered by Vadalia 4 · 0⤊ 0⤋
I don't think you can erase inquiries. They are not going to have a drastic negative affect on your score as long as you don't continually apply for credit. They will fall off of your record after 2 years and affect your score less as time goes on. Your score is mostly affected by other factors such as credit history and your debt to credit ratio on accounts such as cc's.
2006-12-15 09:06:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You have to authorize the inquiries. If you believe someone made an inquiry without your approval you can send them a dispute letter. Below is a link which contains a sample dispute letter for an inquiry.
2006-12-15 17:03:27 · answer #4 · answered by Mariposa 7 · 0⤊ 0⤋
by getting them all at the same time. I learned this at a home-buying class. If you have your credit checked so many times within a two week period it only appears as one time.
2006-12-15 08:45:22 · answer #5 · answered by Amy_S 3 · 0⤊ 0⤋
Yes, you can dispute them.
Here is a free kit and a sample letter you can use. http://www.expert-credit-advice.com/free_credit_repair.htm
Here is a company that does it: http://www.expert-credit-advice.com/credit_repair_service.htm
2006-12-15 11:28:44 · answer #6 · answered by Anonymous · 0⤊ 0⤋
no just wait 2 years
2006-12-15 08:50:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋
they will not remove any inquery on a CBR. They do however drop off at the end of 90days.
2006-12-15 08:51:09 · answer #8 · answered by ML 5 · 0⤊ 1⤋
i think not
2006-12-15 08:46:17 · answer #9 · answered by mart1gon 2 · 0⤊ 0⤋
no
2006-12-15 08:56:14 · answer #10 · answered by Anonymous · 0⤊ 0⤋