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Anyway to ask a lender to removed an authorized inquiry?

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CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 364

4810 Magic Points

Subject: Anyway to ask a lender to removed an authorized inquiry?

Thu May 08, 2008 9:10 am

I signed up for a second Credit card last year and obviously have an inqury from when they ran my credit. Is there anyway I can ask for them to erase their inquiry? Keep in mind that they apporved me and I still have the card Laughing

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: cr

Thu May 08, 2008 2:00 pm

I'd like to know, too. If it's possible to remove credit inquiries from the Credit Reports.

CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 364

4810 Magic Points

Fri May 09, 2008 2:15 am

I have gotten many inquiries removed with this letter. I sent it to every company that had listed an inquiry on my credit and they all removed their lsitings. I just cant really send it to a company that I have an account with.....

your name
your address

CRA
CRA address

date

Re: Unauthorized Credit Inquiry

To whom it may concern,

I recently received a copy of my Equifax credit report. The credit
report showed a credit inquiry by your company that I do not recall
authorizing. I understand that you shouldn't be allowed to put an
inquiry on my file unless I have authorized it. Please have this
inquiry removed from my credit file because it is making it very
difficult for me to acquire credit.

I have sent this letter certified mail because I need your prompt
response to this issue. Please be so kind as to forward me
documentation that you have had the unauthorized inquiry removed.

If you find that I am remiss, and you did have my authorization to
inquire into my credit report, then please send me proof of this.

Thanking you in advance,

Your name

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: cr

Fri May 09, 2008 2:53 am

Alot of the Inquiries I have are Pre-Screened things. ..credit cards, etc. I know some Inquiries actually 'fall off' within a certain amount of time. I just don't know when that 'time' happens to be.

Guest

Sat May 10, 2008 5:14 am

I believe they fall off after 2 years and you can call this number (1-888-567-8688) or visit optoutprescreen.com to be removed from the pre screening lists. I Have not gotten around to it since they are soft hits anyway.

CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 364

4810 Magic Points

Sun May 11, 2008 6:17 am

EW. I forgot to log in before i posted that! LOL I read it and though, hey, that person copied my answer. EXACTLY!

I also have a more aggressivly worded inquiry letter if anyone needs it.

anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 516

13571 Magic Points

Mon May 12, 2008 10:02 am

Hi sdchargers_63

Credit inquiries usually come out of the credit report after two years. However if the customer is not willing to wait for two years, he may ask the creditor to remove the inquiry. You must challenge and see whether the creditor has privilege to pull up your credit file. If there is any ambiguity you can always threaten to contact the State Banking Commission if they don't remove an inquiry. Most of the creditors usually simply agree to delete the inquiry as they cannot verify the authorization.
_________________
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.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: credit

Thu May 15, 2008 11:00 am

What if it's something you DID authorize? Does it still stay on for 2 years? Can you get it removed before that? I mean..someone from a Bank, CC company? 'hard Inquiries, I think they are called.

Morningstar

Joined: 17 Apr 2007
Morningstar's page
Posts: 582

11 Magic Points

Fri May 16, 2008 2:04 pm

You can try, but if it's legit, don't expect it to happen; creditors have little or no motivation to remove it. They have a minimal effect on the FICO after about a year anyway, and yes, they do drop off after two years.
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I don't dream since I quit sleeping

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1889

1356 Magic Points

Subject: lender

Sat May 17, 2008 11:51 pm

When you have 'hard inquiries', does this drop your Credit score? If it does, how much?

Morningstar

Joined: 17 Apr 2007
Morningstar's page
Posts: 582

11 Magic Points

Sun May 18, 2008 4:27 am

Yes; a hard inquiry drops your score approximately five points...for about a year.
_________________
I don't dream since I quit sleeping

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1889

1356 Magic Points

Subject: debt

Sun May 18, 2008 11:28 pm

BOY!! If you have alot of 'hard inquiries' your score can drop ALOT within a year.

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Sun May 18, 2008 11:29 pm

Yes it really could. Best to avoid them. Five points may not seem like much but like everything else they add up quick.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: cr

Sun May 18, 2008 11:33 pm

Can someone answer this please? As 'hard inquiries' DO fall off your Credit Report, does your score go UPWARD!?

scott

Joined: 28 Jun 2006
scott's page
Posts: 446

10878 Magic Points

Mon May 19, 2008 6:36 am

As hard inquiries fall off the credit report, credit score should rise. Every hard inquiries takes off five points of the credit score and so it is wise to limit hard inquiries. As per FCRA only authorised inquiries should remain in your credit report and a person is entitled to $1,000 for each unauthorized hard inquiry.
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SCOTT

Use your credit account responsibly and enjoy a debt free life.

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