Credit inquiry-How to remove it and improve credit score             Click here to Print

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#firefly23 - Says,

Hi. I'm new to the forum, and I have some questions...

I just got my credit score back, and it was kinda crappy, but it could have been worse (683), and I was wondering how much that's going to hurt me. My fiance and I are trying to buy a house in 6 months. Is that going to be a problem? I know expectations are low right now, but are they that low? What do you know about credit inquiry removal?

On my credit review, it told me that I didn't have my credit in for long enough. I've had some of my cards for 3 years! How long is long enough??

It also said that I have too many credit inquiries on my account. I only have two credit inquiries that are actually supposed to affect my score, both of them are for housing. I mean, they happen every year when I move. I have a ton of "pre-approval" inquiries that it said shouldn't affect my score, but I'm not sure I believe it. I came to know that soft credit inquiry won't hurt my credit score. Is it true? How can I remove unauthorized credit inquiry? Can I get them off my account? What do I do? I don't understand why my score is so low, and I'd love some help. Thank you so much!

#carol - Says,

Since your credit score is 683, it is not at all difficult to take it up to 720 if you want to. Just try and improve your credit history by making timely payments towards your existing loans and credit card debts. Moreover, do not apply for any new line of credit right now as it may lower your score. This is because whenever you apply for a new line of credit, a hard inquiry is conducted in your credit report, which lowers your credit score.
#Justin - Says,

You may have your credit cards for three years, but you are not using those cards for long and so you could not build up a good credit history on these cards. Now to make these cards work for you to build up your score, you need to make regular purchases with these cards and repay them back within the due date. Doing this will help you to build up a credit history on these cards and your credit score will definitely cross the 700 mark within the next 6 months and you will able to get a good deal on your new line of credit. Always keep an eye on your annual credit report.
#Guest - Says,

Well, I'm doing all of those things, so it's good to know I'm doing something right. Would it be a good idea to close some of the cards? I have several in different places, and so want to close some of them, but then I was told not to. I'm talking about cards in stores like New York and Company, which has no balance, has never had a balance, that kind of thing. Should I close those? Would it affect my credit scores?

Thank you!

#scott - Says,

Hi Guest
You should never close existing VISA or Mastercard credit cards if they have a good credit history. This is because length of the credit history accounts to 15% in your credit score. Always try to check credit score on a monthly basis. Moreover, if you have a good credit history on your cards, the history gets lost as soon as you close them. However, you can close departmental store cards if they are not VISA or Mastercards.

#sdchargers_63 - Says,

I don't know what's on your CR, but, try to pay some 'small' debts off and then check your Credit again. When you actually pay something off, the more you can raise your Credit score. By following this way, you would be able to get best credit score.
#internet15 - Says,

Some credit and loan issuing companies only report to certain bureaus which causes different scores among all 3 credit bureaus. So it's better to check your annual credit report on a monthly basis.
The other big factor is the fact they use slightly different algorithms for determining your credit. The method they to determine your credit score is based off of the FICO calculation but all of them have their slight quirks in ho w they handle different things.
Usually you shouldnt see of a different of more then around 20 points from buruea to buruea.
Youve got plenty of company. There are more than 30 million people in the United States with credit blemishes severe enough score under 620 to make obtaining loans and credit cards with reasonable terms difficult.Or maybe your credit is OK, but youd like to make it better. After all, the better your credit, the lower the interest rates you can score on mortgages, car loans and credit cards.

#GarySnober - Says,

Paying your bills on time and paying down your debt to under 40% of your entire credit limits will help increase your score in the long run. If there are any unauthorized credit inquiry on your credit report, then try to remove it asap. This will also help you to make a good credit history.
#winnable - Says,

There are literally hundreds of credit repair websites and a lot of them try to guarantee success but the reality is most of them are just a waste of money. They use methods of repairing your credit you can do yourself if you simply google credit repair templates. Their process is very lengthy and requires months and even years to get a lot of things removed and sometimes the bad marks can come back as some companies are very persistent, especially if you still owe them money.

The only guaranteed method to repair your credit is to pay off the old bills and get your derogatory balances to $0. "Well that isn't very helpful" is probably what you are saying. Since none of us just have cash laying around to do that there are other things you can do that are guaranteed to increase your FICO score practically overnight and start rebuilding your credit.

It's actually very simple. Sign up for Millennium Secured Credit Card and send them $300. Buy $90 worth of groceries on it and make the payments. Keep the balance under $90. Then sign up for and get a $10,000 unsecured credit card, buy something and make the payments. Do a google search for USA Shopping Club and sign up with them for $12,500 unsecured credit card buy something and make the payments, Eclub USA and get your $3,500 credit card and finally Horizon Gold and get your $500 credit card.

Once all of these companies report to the credit bureaus you are going to see an immediate increase in your FICO score. Guaranteed. Then you can work on getting the bad marks paid off and removed. It's much easier to get them permanently deleted if you don't owe them any more money.

#Lynnlkhfaejlvlj - Says,

683 is a average credit score. 27% of the population falls in this range. Being here means that depending on the loan you might get approved or not. Also the interest rates are not what you would like them to be. There is an article addresing all of your questions about the credit score range at
#Sheryl - Says,

I have two old debts that were sent to a collection agency when I was younger and lost my job. I want to fix my credit score and now have a good job which I have been at for 2 years. Will paying these old accounts off help improve my score and should I pay the collection agency or contact the original store my card was issued by? Also does it matter if they reduce the amount owed for an immediate pay off versus paying the entire amount owed?
#sdchargers_63 - Says,

Hi Sheryl,
First of all, look on your credit report and see how old the debt is and when the last time the CA reported on your credit report. I;m saying this because the older your bad debts are, the less of an impact they will be. If the last missed payment, on your CR, is 4 years or more, by law the CA cannot sue you for the debt. If you try and make arrangements with the CA, you will be 're-aging the debt' (which means you will start the SOL-Statue of Limitations over) and that's something you don't want to do. Also, on your credit report there is a 'fall-off' date (the date the debt should be removed from your credit report). If that 'fall-off' date is close or if the 4 years that the debt has been on your credit report is passed, just leave the debt as it is. Alot of CA's will try and threaten and scare you. Do you happen to know who the CA is for the debt? The 'personal' advice I have given you is something that was told to me by someone on this forum..and let me tell you it sure put me at ease!! Smile

#matzcrorkz - Says,

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#KelsEldridgeovt - Says,

Step-by-Step Procedure for Removing Inquiries

All credit inquiries should come off your credit report after two years. If you're not willing to wait, you may take these steps:

Step 1

First, find out which credit inquiries are getting in your way by ordering all three of your credit reports. When your reports arrive, look toward the end of your credit report to find the inquiries. Some of the inquiries are only promotional and will not be shown to prospective credit grantors. You need not worry about those. Identify only the inquiries that are shown to credit grantors. You should recognize some of these as places where you applied for credit, but others may be a complete mystery to you.

Step 2

Find the addresses for each credit inquirer. Your Experian credit report will list addresses for each - TransUnion and Equifax reports will not include addresses. Match your Experian with your TransUnion and Equifax reports. You should be able to use the same addresses on the inquirers that are listed on Experian. If some of the inquirers don't show up on Experian but do show up on either Trans Union or Equifax, you will have to call the credit bureau to get their address. It is almost impossible to get a live body on the telephone at TransUnion, but Equifax has an 800 number listed at the top of their reports. If you have an inquirer listed on your TransUnion report and you can't reach them by phone, you might try calling the 800 directory (1-800-555-1212) and request the 800 number for the inquiring creditor.
Once you have collected all of the addresses for each inquiring creditor on each credit report, you are ready for step three.

Step 3

Prepare letters to each inquiring creditor asking them to remove their inquiry. The Fair Credit Reporting Act allows only authorized inquiries to appear on the consumer credit report. You must challenge whether the inquiring creditor had proper authorization to pull your credit file.

Step 4

Some of your creditors may provide documentation that a credit inquiry was authorized by you. Read the authorization that you signed very carefully. If there is any ambiguity, you can write back and argue that the inquirer's authorization form was too complicated and not easily understood by the layman. You can threaten to contact the State Banking Commission and complain about a deceptive and unclear authorization form if they don't remove your inquiry.

#skip - Says,

I am 53 rs old have had a mortgage since I was 26.i went threw a divorce in 2010 there really isn't anything bad on my credit report but my score is 683combined and I have no debt there is one thing on the credit for 30.00 that is not mine but other than that nothing my score use to be 760 what to do
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