Deleting Credit Card Inquiries on Credit Report
Author: Fehercica*
Posted: Thu Apr 01, 2004 7:32 pm
Post subject: How to Delete Credit Inquiries
I have read a question by Guest, Sam about strategies to delete inquiries.
The question was great interest to me because Am.Ex. lowered my Credit Limit by $2,000. One of the reasons mentioned; too many inquiries. I could never understand how someone elses action has effect on my credit ratings. But I found most interesting Nightstar's reply.I quote just a fragment of her reply."If you did not authorize them then dispute by all means."
Nightstar: Would you elaborate on this a little more.
I don't believe that any one of us would authorize unwanted inquiries. We don't even have knowlege about them.
How to prove it that it was not authorized, and how to dispute it?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: NightStar
Posted: Fri Apr 02, 2004 7:49 am
Post subject: Deleting Credit Card Inquiries on Credit Report
You don't have to prove anything, just write to the credit reporting agency which is showing the inquiries and tell them that you want them removed because you did not authorize them.
Just be sure to list the name as it is shown on the credit report & the date of the inquiry being made. Further you can write a letter to the creditor who made the inquiry and tell them that you want them to prove to you that they had authorization to pull your credit report otherwise remove this from the credit report.
There is only one exception to this rule, if it was a collection agency making the inquiry then they had permissible purpose without having to have your authorization (since a debt is due) they can pull a credit report for collection efforts.
You can still try to dispute these, but likly you will wake up the collection agency that caused the inquiry if you have not heard from them at this point.
Another thing is that the CRAs try to say it is just a matter of fact and should remain on the credit report, don't stand for this, if you know you are right that these need to be removed then file complaint with the FTC.
Author: Fehercica/Guest
Posted: Fri Apr 02, 2004 9:21 pm
Post subject: How to Delete Credit Inquiries
I was under the impression that creditors did have the right inquire about our credit standing to protect themselves from making bad investment by giving higher credit than the costumer can handle.
Is there any place I can find my rights to have these inquiries deleted?
Author: NightStar
Posted: Fri Apr 02, 2004 9:45 pm
Post subject: Deleting Credit Card Inquiries on Credit Report
If you apply for credit, the creditor must 1st get your authorization verbally or in writing before doing so.
For further information you can check out www.ftc.gov look under the site map for Fair Credit Reporting Act - it will be section 604 permissible purpose for this information.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Thu Apr 01, 2004 7:32 pm
Post subject: How to Delete Credit Inquiries
I have read a question by Guest, Sam about strategies to delete inquiries.
The question was great interest to me because Am.Ex. lowered my Credit Limit by $2,000. One of the reasons mentioned; too many inquiries. I could never understand how someone elses action has effect on my credit ratings. But I found most interesting Nightstar's reply.I quote just a fragment of her reply."If you did not authorize them then dispute by all means."
Nightstar: Would you elaborate on this a little more.
I don't believe that any one of us would authorize unwanted inquiries. We don't even have knowlege about them.
How to prove it that it was not authorized, and how to dispute it?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: NightStar
Posted: Fri Apr 02, 2004 7:49 am
Post subject: Deleting Credit Card Inquiries on Credit Report
You don't have to prove anything, just write to the credit reporting agency which is showing the inquiries and tell them that you want them removed because you did not authorize them.
Just be sure to list the name as it is shown on the credit report & the date of the inquiry being made. Further you can write a letter to the creditor who made the inquiry and tell them that you want them to prove to you that they had authorization to pull your credit report otherwise remove this from the credit report.
There is only one exception to this rule, if it was a collection agency making the inquiry then they had permissible purpose without having to have your authorization (since a debt is due) they can pull a credit report for collection efforts.
You can still try to dispute these, but likly you will wake up the collection agency that caused the inquiry if you have not heard from them at this point.
Another thing is that the CRAs try to say it is just a matter of fact and should remain on the credit report, don't stand for this, if you know you are right that these need to be removed then file complaint with the FTC.
Author: Fehercica/Guest
Posted: Fri Apr 02, 2004 9:21 pm
Post subject: How to Delete Credit Inquiries
I was under the impression that creditors did have the right inquire about our credit standing to protect themselves from making bad investment by giving higher credit than the costumer can handle.
Is there any place I can find my rights to have these inquiries deleted?
Author: NightStar
Posted: Fri Apr 02, 2004 9:45 pm
Post subject: Deleting Credit Card Inquiries on Credit Report
If you apply for credit, the creditor must 1st get your authorization verbally or in writing before doing so.
For further information you can check out www.ftc.gov look under the site map for Fair Credit Reporting Act - it will be section 604 permissible purpose for this information.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 8:19 PM
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