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HomeCredit ForumCredit repair

hard inquires

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vick



Joined: 22 Aug 2008
vick's page
Posts: 1



70 Magic Points
Subject: hard inquires
 
 Posted on Fri Aug 22, 2008 3:22 am  

Hi, I am new here and have just gotten my credit report and score. I saw things on there that I don't think I applied for. The man at Transunion said I had only one hard inquiry but there were about 10-15 inquires. He said the ones such as applying for a credit card is a soft inquiry but on the site it said creditors and lenders are hard inquiries which affect your score. Does any body know which inquiries affect your score and which one's don't.

Also I know the name on the report don't say the name of the credit card. I have one that is First USA and have not ever applied for a card from them. Does anyone know which card that is. Thanks, Vick
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2871



2195 Magic Points
 
 Posted on Fri Aug 22, 2008 11:33 am  
Hard iquiries is when you apply for a credit card. Those are the ones that drop your score. You can go to "www.optout.com" and give them your info for all tose soft inquiries. What this does is it keeps people or companies looikg to give credit to an individual from doing it to you. You will notice shortly after thst your postal bax will contain much less credit card applications. I did this and now I do not recieve any and do not see any of those soft inquires on my report.
The First USA account came up as a Bank One account when I googled it.Stop back and check other posters will aslo answer your questions and give you even better info.
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 631



8 Magic Points
 
 Posted on Sun Aug 24, 2008 2:28 am  
I did the opt out, it works, I quit getting junk mail
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3137



5334 Magic Points
 
 Posted on Sun Aug 24, 2008 3:05 am  
Somebody posted that here and I went on there and signed up for it too, I have seen a big difference in all the junk, it really does work.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2871



2195 Magic Points
 
 Posted on Sun Aug 24, 2008 2:19 pm  
I wish I had known about it earlier. My junk mail pile had really depleted. I use to go to my mailbox and find it full of all junk. Now there are times I actually have no mail since I opted out. I also like the idea because It keeps temptation away.
 
anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 493



12319 Magic Points
 
 Posted on Mon Aug 25, 2008 10:00 am  
Hi Vick
Whenever you check your credit report, it becomes a soft inquiry. A soft inquiry can be done any number of times as it does not affect your credit score. But as soon as a creditor make inquiry in your credit report it becomes a hard inquiry which affects your credit score. A hard inquiry may reduce your credit score by as 10 points and so you should try to remove any unauthorized hard inquiries from your credit report.
_________________
Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
You can also visit my blog
http://financewatchonline.blogspot.com
 
Mary

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 324



8704 Magic Points
 
 Posted on Mon Aug 25, 2008 10:10 am  
Hi Vick
Since you have never applied for First USA credit card, but it still appears in your report means that they have conducted a hard inquiry without your authorization and so it can be removed from your credit report. For this all you need to do is to send a letter to the inquirer asking him to remove the listing from your credit report or prove that they have received authorization from you to make a hard inquiry. In most cases they remove the listing as they cannot verify your authorization. You can find a sample letter from the link http://www.creditmagic.org/letters/credit-inquiry.html
_________________
Where there's a will, there's a way !!
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 631



8 Magic Points
 
 Posted on Mon Aug 25, 2008 12:05 pm  
I know what you mean fireyone, sometimes I will check my mail a second time thinking that I missed the mail lady. LOL
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2871



2195 Magic Points
 
 Posted on Mon Aug 25, 2008 12:13 pm  
Yeah Me too. That made me chuckle cause are amil goes at so many different times out here in Amish Paradise and I find I am walking to check my mail a little too much. If the box is empty I will walk up again in the evening to recheck. I don't trust the rebel neighbors to leave any mail in overnight.
 
1002543



Joined: 31 Aug 2008
1002543's page
Posts: 84



96 Magic Points
 
 Posted on Sun Aug 31, 2008 3:51 am  
FIA Card Services is essentially Bank of America.
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2871



2195 Magic Points
 
 Posted on Wed Sep 03, 2008 1:43 am  
Thanks for letting us know.
 
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