How to Remove Inquiries from Your Credit Report


Credit inquiries are the most misunderstood items relating to credit scoring. The Fair Isaac Corporation (FICO), which compiles credit scores for the three major credit bureaus, likes to keep consumers in the dark about the details of their proprietary credit scoring model. This article will help you determine if your specific credit situation will benefit from the removal of inquiries and how to go about removing them.

Why Remove Inquiries:

For certain credit files, inquiries files can be the difference between a loan approval and a denial, whereas for others it has no noticeable impact what so ever. In this article, I am only referring to ‘hard inquiries The inquiries where you authorized a third party to check your credit report in order to obtain credit, unlike ‘soft inquires’ where there is no credit application involved.

So, before we move into how to remove inquiries, let’s explore if deleting inquiries will make any useful impact on your particular credit report.

What’s the maximum effect inquiries can have on a credit file?

Fico itself has put out very contradicting information regarding how inquiries affect scores. Based on my personal experience of sifting through thousands of credit files, I’ve discovered inquiries won’t bring down a credit score more than 10-15 points. There are individuals credit files I’ve seen with over 30 inquiries and yet they have a near perfect credit score of 800.

When should not focus on removing inquires?

If your credit score is below 680, it is probably due to prior negative payment history, collections (paid or unpaid) or public records. You would need to address these items first with credit bureau disputes and either debt validation or pay for deletions for collections and engaging creditors for late payments.

Additionally, other factors linked to high credit utilization, the age of your credit accounts and lack of revolving credit may also be suppressing your score.

When can you benefit from inquiry removal?

 If you apply for a Mortgage loan:
  If you’ve got a score in excess of 680 and you’re trying to get a loan and you’re just a mere handful of points away from the target score for approval, only then would I recommend addressing the inquiries. That is if there is nothing else negatively impacting your score, like negative payment history or high card balances.

When you’re looking for business loan funding:
  Of all different types of lenders, business credit lenders treat inquires the harshest, especially business related inquiries and recent inquiries. They even turn down people with perfect credit due to excessive inquiries. Credit grantors rely heavily on debt-to-income ratios to make lending decisions. Since business loans often do not report to personal credit reports, it is not possible for a business credit lender to determine how many pre-existing business loans an applicant.

Therefore, they look at business loan related inquiries to determine the possibility of pre-existing business loans the applicant may have.  They are also concerned with recent inquiries, as recently opened accounts may take up to 90 days to appear on the credit report.  As a rule of thumb, for business funding or any type of corporate credit, any number of business loan inquiries may disqualify you as well as excessive inquires within the last 12 months of any nature.  Additionally, credit card companies, like those offering rewards programs, often decline applications based on excessive inquiries.

How to contact the credit bureaus to remove inquiries:

The easiest way to remove questionable inquiries is by contacting the credit bureaus, below are different ways you can do so.

Removing Inquiries on Experian:

Experian does not allow for inquiries to be disputed online through their dispute center.
The other ways to contact Experian to dispute inquiries are as follows:

By Phone: 1-855-414-6048.  8 am – 10 pm CST weekdays, 10am-7pm CST weekends, (requires an Experian report id#)

By Mail: Experian
P.O. Box 4500
Allen TX 75013

By Fax: 1-972-390-4908

Removing inquiries on Equifax:

Equifax is the only bureau that allows you to dispute inquiries online., by mail and by fax.

Online: Equifax Online Dispute Portal: https://www.equifax.com/personal/disputes/

By Phone: 1-800-685-1111

By Mail: Equifax
P.O. Box 740256
Atlanta, GA 30374-0256

By Fax: 1-888-826-0549

Removing inquiries from Transunion:

Although Transunion does not allow inquiries to be disputed online, you’ll need to call in your disputes, fax or mail them in:

By Phone: 1-800-916-8800:  8am-11pm EST, Monday through Friday

By Mail: Transunion
P.O. Box 2000
Chester PA 19016

By Fax: 1-610-546-4657

By Phone:1-800-916-8800:  8am-11pm EST, Monday through Friday.

 

DO NOT DISPUTE AN INQUIRY LINKED TO AN ACCOUNT YOU OPENED:

Lastly,  make sure not to dispute any inquiries on your credit report that resulted in an account you legitimately opened.Since once you dispute that inquiry, the credit bureaus will reach out to the creditor and notify them of your dispute.The creditor would then suspect the account was fraudulently opened and end up closing the account.

FOR VICTIMS OF IDENTITY THEFT:

If you are a victim of identity theft and are certain someone has been fraudulently incurring inquires in your name, then you will need to fill out a sworn Identity Theft Affidavit at the Federal Trade Commissions Website and include it with your credit bureau disputes.

 

SAMPLE DISPUTE LETTER TO REMOVE INQUIRIES:

Below is a sample dispute letter, use it but modify it to fit your own words and format to dispute as many inquiries as necessary.

Mail it out to each of the credit bureaus via certified mail, enclose a copy  of each of the following:

  1. SSN card (or anything showing your full SSN#),
  2. Recent utility bill (or page from a bank statement)
  3. State-issued identification.

Full Name

Mailing Address:

Date of Birth, SSN#

 

{If Sending to Experian: P.O. Box 4500, Allen, TX 75013}

{If Sending to Equifax: P.O. Box 740256, Atlanta, GA 30374-0256}

{If Sending to Transunion: Consumer Disputes, P.O. Box 2000, Chester, PA 19016}

{Date}

RE: Investigation Request to Delete Credit Inquires

To whom it may concern,

In accordance with the Fair Credit Reporting Act Section 611 (15 U.S.C. § 1681I), I am practicing my right to challenge questionable information that I have found on my personal credit report. I  request that you investigate the source of these inquiries, and ascertain that the creditor had a permissible purpose, and is able to verify my complete file information including full name, address, date of birth and SSN.

I am disputing the following inquiries:

  1. {Creditor Name} {Date of inquiry}
  2. {Creditor Name} {Date of inquiry}
  3. {Creditor Name} {Date of inquiry}
  4. {Creditot Name  {Date of inquriy}

If your investigation reveals the inquiry is valid, I request that you provide me with your method of verification as well as the contact information of the source of this verification.

I am allowing you 30 days to complete this investigation.

Truly,

{Name}

{Signature}


 HIRING A PROFESSIONAL:

If you’re seeking quicker and more effective results in removing inquires permanently, then reach out to me personally at  Imax Credit Repair, where we’ve dealt with the credit bureaus for over a decade and can modestly say we achieved the highest deletion rates in the industry with the credit bureaus.

Your comment and questions are welcome below.

Lastly, we have $0 upfront fees,  charge only after results, and have a 5 Star Yelp Review Rating Fees start at $849.

Contact me now for free consultation and estimate of fees.

I look forward to being of help!

About the Author: Ali Zane

Ali is a credit repair coach, writer, public speaker and consumer advocate for fair credit reporting practices. He's a practicing LDA in California Superior Court and currently serves as the CEO of Imax Credit Repair Firm. More posts by Ali Zane

5 thoughts on “How to Remove Inquiries from Your Credit Report

  1. The topic of credit requests remains for me something that is not fully understandable and complex, as I have never been able to find answers to many questions. Are you recommending that removing dispute comments is something everyone should do?

    1. Hi Heather, you should, by all means, remove dispute comments if they are on showing on accounts with a positive history. As for the comments showing up on any negative accounts, remove those only if a lender asks you to as part of conditions for an approval.

      Howe this answers your questions

  2. I was very hesitant in the beginning because people told me credit repair was a scam. However, after working with you for the first week I became a believer once I saw the updated credit reports with all the deletions. Now 4 months later, my credit score is up 185 points which has allowed me to qualify for a new home mortgage at a very favorable interest rate. Thank You Ali!

  3. Can I use this letter to remove inquiries and incorrect addresses and employment information , if so how long will they take ?

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