Find Out The Ways On How To Effectively Remove Credit Inquiries
Since we want you to be aware of credit inquiries and the cons about this particular thing, we will be providing you below remove inquiries fast video that will educate you on how to do things right and legal. But before we proceed on that part, we will first discuss with you some basic things about credit inquiries that you have to know and understand.
When we say credit inquiry, we are actually referring to a record of any entities who may have viewed the credit reports that you have as well as the time or the instance they do such an act. The one who is responsible for monitoring the viewing of credit reports are the credit reporting agencies and they are being required by the federal government to maintain and concise and precise report regarding this matter for twenty four months. With regards to credit inquiries, you should know as well that there are two types of them which are the soft inquiries (inquires that do not hurt the credit score of a person) and the hard inquiries (inquiries that causes damage to it).
To give you a much better understanding about what soft inquiries really are, they pertained to credit inquiries that are requested by authorize sources who want to have a copy of your credit report or perhaps, through a court order. Meanwhile, when it comes to hard inquiries, we want you to know that this is an act conducted by someone who have an acceptable reason on viewing your credit history such as a prospective lender since you are applying for financial assistance, a credit or even a loan.
But then again, we want you to be aware of the fact that there are lenders out there who will seek to review your credit report even without a valid reason at all and without you giving them the access to do so. To prevent these types of lenders from invading your credit report, there are some ways on how you can do so.
With regards to this matter, the first thing to do is to send a letter of request to the lender, asking them to show proofs that you have agreed on them viewing your credit report. Once they cannot give you the proof you asked them for, you must ask them to send a letter stating the their inquiry was made erroneously and if they cannot do this, you may sue them for violating the FCRA.
For those of you who are looking for more information regarding this matter, view video.
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