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what is the process for a compay to remove the hard inquiriy

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jerry

Joined: 30 Jul 2008
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Posts: 2

147 Magic Points

Subject: what is the process for a compay to remove the hard inquiriy

Wed Jul 30, 2008 3:24 am

what is the process for a company to remove the hard iquiriy if they agree to do so. this compay said they acidently submitted my credit request to 4 other lenders. i had agreed (car purchase) but my application was sent to a total of 7 lenders. 3are ok. the other 4 was an acident.

Morningstar

Morningstar

Joined: 17 Apr 2007
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Posts: 609

40 Magic Points

Wed Jul 30, 2008 3:52 am

If all of these inquiries occurred within a 7-14 day time frame, then the FICO scoring algorithm treats all seven of the inquiries as one. I don't think you have any real recourse here, though...but you could always try contacting the four individual lenders, explaining the situation, and asking them to file disputes on your behalf.
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I don't dream since I quit sleeping

sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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Posts: 891

2654 Magic Points

Subject: credit

Wed Jul 30, 2008 9:26 am

Please correct if I'm wrong........if you have 'unauthorized' inquiries you can get them removed..right? But..if the inquiries are authorized, how long does it take for an inquiry to come off your credit?

Morningstar

Morningstar

Joined: 17 Apr 2007
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Posts: 609

40 Magic Points

Wed Jul 30, 2008 6:33 pm

These are not necessarily unauthorized inquiries.
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I don't dream since I quit sleeping

CMBV22

CMBV22

CMBV22

Joined: 08 May 2008
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Posts: 378

4034 Magic Points

Wed Jul 30, 2008 7:28 pm

send a letter to each company that will force them to prove they had authorization to inquire into your credit or delete their mark. You can find a few samples on my site
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cbass1017

Joined: 01 Feb 2008
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Posts: 89
Location: PA

353 Magic Points

Wed Jul 30, 2008 10:23 pm

You might also ask the auto dealer you were working with to provide a letter of explanation before asking these lenders to remove credit inquiries. This may help. Also a Hard inquiry on your credit report should fall off in two years.
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fireyone

Joined: 26 Feb 2008
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Posts: 2871

2197 Magic Points

Thu Jul 31, 2008 6:51 pm

I think cbass has an excellent idea there. If they are the ones that made the error they should also be the one to help fix it.

Justin

Justin

Justin

Joined: 17 Jul 2006
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Posts: 417

10874 Magic Points

Sat Aug 02, 2008 12:04 pm

Hi sdchargers_63
A hard inquiry if authorized remains in your credit report for two years. Each of these hard inquiries reduces your credit score by as much as 5 to 10 points. However the inquirers may not agree to remove hard inquiry if it is authorized, but they will definitely remove unauthorized inquiries if you inform them in writing. But there is a way known as bumpage, by which you can remove even the authorised hard inquiry from the Equifax and Transunion credit reports.
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Justin

erb1953

Joined: 31 Dec 2007
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Posts: 631

8 Magic Points

Mon Aug 04, 2008 1:50 am

Okay, so you know all types of porn, now tell me some thing related to this forum.

fireyone

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

2197 Magic Points

Mon Aug 04, 2008 2:40 am

I agree. I wonder how all this weird stuff turns up here. Especially lately. We have had film downloading, porn and free advertising for debt release. What next?

erb1953

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

8 Magic Points

Mon Aug 04, 2008 2:44 am

I am not real sure how spam works but it is everywhere, pain in the rear though and hard to keep up with.

fireyone

Joined: 26 Feb 2008
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Posts: 2871

2197 Magic Points

Mon Aug 04, 2008 2:46 am

I agree with that one.

goodnatured

Joined: 03 Nov 2007
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Posts: 3139

5345 Magic Points

Mon Aug 04, 2008 7:10 pm

Normally the moderators will catch the spam and noted it as such on this site, I guess a few of them are getting away from them, that happens.
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Goodnatured,

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

fireyone

Joined: 26 Feb 2008
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Posts: 2871

2197 Magic Points

Tue Aug 05, 2008 2:36 am

I am sure in do time it will be caught. I am not gonna let another one Fire me up.


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