Credit report shows 69 credit inquiries over 28 companies!!

Quicksand,

Let's take it one by one-

Credit inquiries stay in your report for 2 years. You can dispute any credit inquiry older than 2 years with bureaus.

You can get credit inquiry removed from your file. Before proceeding further, let me tell you, soft inquiries do not hurt your score, however, hard inquiries do. And FCRA allows only the authorized credit inquiries to stay in your report.

If you see any credit inquiry is damaging your score, write to the creditor who ran this. State clearly that you did not authorize this inquiry hence they should remove it. Creditors might come up with some proof claiming you allowed them to do it. In that case, go through the papers carefully and dispute the terms seem to be hazy.

I'm not sure if you can block further credit inquiries. Moreover, it will not be very handy. It will restrict prospective lenders to access your report too. However, you can speak to credit bureaus to know whether you can block access of any particular creditor. Hope some other members will have something more to add here.

Thanks Stanley! Again :}
Most of them are credit cards I already have. But they are inquiring almost monthly. According to the credit report legend, it says these will stay on my report for 12 months....
I suppose there is no way to block an existing creditor from checking, but would it raise a red flag if I ask them not to check so often?

You're welcome quicksand :D

Inquiries done by your existing creditors, aka soft inquiries never hurt your score. You can verify it with credit bureaus also. Probably it's their company policy to inquire on how the consumers are doing with their credit and that is the reason they pull your credit report frequently.

However, if you feel that your file is looking clumsy due to so many inquiries, you can talk to your credit card companies. Keep us updated if you find any new information on this.

Hi Stan, well in reviewing my credit report with my husband I realized I had the Inquiries reversed. Actually I have 12 Hard Inquiries since September. 10 on September 19th alone. When I looked at my calendar we had just traded in 2 cars (both over 100K miles) on or around that date. It sticks in my mind because within 2 days of getting our new cars we were stuck inteh mass hurricane evacuation taking 12-20 hours to get 100 miles away!!!

My question now is, can I request the 9 other banks (auto finance companies, etc) that did not finance my car to remove the inquiry?

Quote:

I authorized the dealership to get me a loan, I didn'r realize it would be a all out blitz! I did not specifically ask for any of these auto finance companies.

Ok. Send them letter to remove the inquiries. Probably they will try to establish that you allowed them to run inquiry. But you stick to your decision and claim removal.

I will let you know what happens, THanks!

I just checked my credit and find that an inquiry has been made to my credit. I believe its an old account sold to a collection agency. I have been in Chapter 13 for the last 2 1/2 years. Can I demand they remove this inquiry?

Op,
Anytime you go home or auto shopping those inq's should be counted as a single inq. I would ask to remove them since your credit was damaged.

Barbara,
If collection agency has your file,they probably have legal purpose to pull your credit.Since you are in a bankruptcy plan,if debt was included in plan they cannot collect on it. By using plan,creditors must follow rules of the bankruptcy code.

what is the difference between a hard and soft inquiry

Hard inquiries are those that will be visible to creditors, and can damage your score.

Soft inquiries are visible to you, and are frequently the result of solicitations. You can opt out by calling 888-567-8688, and you should stop recieving credit solicitations in the mail.

on mine - BP checks it EVERY month - it is really annoying. I know it is a soft inquiry, but it takes up pages when I print it. Will they stop if you ask? or is it to decide whether to increase your credit limit?

dalfire, I want to say they would only increase your limit upon your request and I would definitely check with them so you can opt out.

dalfire,they are pulling Ar's which should be softs seen only by you.Ar=Account review. As long as you have account with them,they can pull.Now if they are indeed pulling hards a terse call to their compliance dept is needed asap. Most creditors with active accounts only pull hards on application and credit line increase.

My recently added accounts were a lucky break for me.
The only hard I got was American express. The other two had pulled softs and were happy with that.