Whenever a third party accesses your credit report, a notation referencing that action – termed an "inquiry" – is made on your credit report. Unfortunately, the presence of inquiries may negatively impact your credit score. And the more inquiries present, the faster your credit score may drop.
Fortunately, both creditors and credit bureaus should be able to substantiate the "permissible purpose" provisions of the Fair Credit Reporting Act, which regulates who may view a consumer's credit file, for any questionable inquiry. If you believe that one or more inquiries should not belong on your credit reports, you can prepared investigation letters and mail letters to credit bureau(s) and creditor(s) concurrently.
IMPORTANT NOTE: Inquiries that appear on credit reports often reference formal, signature-based applications for credit. For that reason, such letters must be signed and sent by you.
I hope this helps, please let me know if you need more info or challenge inquiries sample letter.
Hard inquiries stay on your credit report for 2 years. After the 2 years these are supposed to fall of your credit report. However, if it's not the case you can file dispute with the credit bureaus.
You will get a sample dispute letter with this community, which you can use to write one based on your problems.
Challenge Inquiries
Whenever a third party accesses your credit report, a notation referencing that action – termed an "inquiry" – is made on your credit report. Unfortunately, the presence of inquiries may negatively impact your credit score. And the more inquiries present, the faster your credit score may drop.
Fortunately, both creditors and credit bureaus should be able to substantiate the "permissible purpose" provisions of the Fair Credit Reporting Act, which regulates who may view a consumer's credit file, for any questionable inquiry. If you believe that one or more inquiries should not belong on your credit reports, you can prepared investigation letters and mail letters to credit bureau(s) and creditor(s) concurrently.
IMPORTANT NOTE: Inquiries that appear on credit reports often reference formal, signature-based applications for credit. For that reason, such letters must be signed and sent by you.
I hope this helps, please let me know if you need more info or challenge inquiries sample letter.
hard inquiries
Hi amanda,
Welcome to this community :)
Hard inquiries stay on your credit report for 2 years. After the 2 years these are supposed to fall of your credit report. However, if it's not the case you can file dispute with the credit bureaus.
You will get a sample dispute letter with this community, which you can use to write one based on your problems.
Thanks,
Aaron