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schweetheart420 · Posted: Thu Feb 14, 2008 12:27 pm Subject: Is it possible to remove inqueries?

According to my credit report I have 14 credit inquiries (that count) in the last 12 months. 10 of the inquiries are from 2 different banks in a one week period. I applied online for a loan with each of the banks and they ran my credit a number of times as they went through each dept (I also called and they ran it again). Is it possible to have these removed? Do file a dispute with the cra or with the bank?

Thanks for any help!

Posted: Fri Feb 15, 2008 3:35 am Subject:

schweetheart420

As far as I know credit inquiries that are in relation to credit requests remain in your report for 2 years. They are also known as hard inquiries. Too many of hard inquiries puts a negative mark on your report.

Now your question regarding disputing it.....I do not know how effective it would be to dispute it with the cra. But why do you want to dispute it....you had applied for the loan rite?

Nelly

Posted: Fri Feb 15, 2008 4:33 am Subject:

Multiple inquiries in a short period of time (2 weeks, I believe) are counted as one; but somewhere between 6-12 months, the effect of inquiries drops off anyway.

Posted: Fri Feb 15, 2008 10:00 pm Subject:

It is possible to have an inquiry removed but the only place who can do it is the one inquiring about your credit. Working for a bank I know that we have made mistakes where a duplicate application was processed which automatically triggers a credit check so we have had to contact the credit bureaus to have it removed. Most banks won't do this unless it is a legitimate request to have it removed.

Posted: Sat Feb 16, 2008 7:34 pm Subject:

What you can do is what's known on another board as "bumpage". If you do a google search you'll find instructions.

Basically you subscribe to a service where you can pull a new credit report daily, I used Privacy Guard in the past, don't know if they still offer unlimited pulls though. TU and EQ (Bumpage does not work on Experian) only allow a certain amount of pulls to be shown, whether they are hard or soft.

By pulling your report daily (it will not work if you do not wait 24 hours between pulls) you will "bump" off the older ones first which are your hard pulls. As many of you know, soft pulls do not drop your score.

Posted: Sat Feb 16, 2008 9:38 pm Subject:

Helpful information, indeed! Thanks, LG.

Posted: Sat Feb 16, 2008 9:56 pm Subject:

Thats some great information to know! Even though it may cost you a little money and some of your time it seems like a quick fix to boost your score.

WOW... so there is a way that actually seems logical! Thanks

Posted: Thu Feb 21, 2008 10:06 pm Subject:

info lone!!!!!!

Posted: Wed Mar 05, 2008 2:47 pm Subject:

Make sure all your inquires are valid and legit inquiries. If they aren't you can dispute them with the CRA's. I'd be careful on how many you dispute with them though - as they may see you cherry pickin those things off for other reasons and completely ignore your requests.

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