How to dispute hard inquiry, dispute letter with the creditors : Bad Credit Advisor

How to dispute hard inquiry, dispute letter with the creditors

What can you do if there is a hard credit inquiry on report that you did not authorize? Well, the obvious thing is to dispute it. If you review your credit report and find credit inquiries you did not authorize, here is the process to go through to have these inquiries removed.

First, determine which hard credit inquiries you need to have removed. Look for the creditors that you never applied for credit with. Just keep in mind that certain creditors that you did apply for credit, may appear under different names on your credit report. Still it is worth a try to make sure. Look under Regular Inquiries section with a smaller print that states something like this - The following companies have received your credit report. Their inquiries remain on your credit report for two years. This is the only type of inquiry you should bother with.

Second, find addresses for each of the unrecognized credit inquirers. You can not dispute inquiries with the credit bureaus. They do not investigate inquiries and will not remove one unless instructed by a creditor. So you dispute hard inquiries directly with creditors. The persistent notion that only Experian credit report shows the addresses for hard inquirers is now obsolete as both, Equifax and TransUnion display the addresses and phone numbers.

Third, write a letter for each hard inquiry, asking every creditor to remove it. Send these letters directly to the creditors by certified or registered mail. Continue for a sample letter.

Date {MM/DD/YYYY}

Your name
Your address
Phone/fax/email

Creditor name
Creditor address

Re: Hard inquiry by {Creditor name} requested on {Date}

Dear Creditor,

After reviewing my credit report, I discovered an inquiry from your company. I do not recall authorizing you to inquire about my credit. Under the Fair Credit Reporting Act, you must have my authorization to review my credit.

Accordingly, I would like to have a proof that I authorized you to review my credit. Please forward to me such a proof as soon as possible. If you are unable to provide me with that, please promptly remove the inquiry from my credit report and send me a written confirmation of the removal.

Thank you.

Your signature
Your printed name

4. Review the responses you receive from each of the creditors. Some may provide documentation that a credit inquiry was authorized by you. Some may simply agree to delete the inquiry. Be sure to follow up and make sure that the creditor deletes the inquiry. Some creditors may simply ignore your request. If you do not receive a response within 30 days, contact the creditor and address the issue with them again.

Tue Dec 8, 2009 11:12AM by Tony | More in Credit Repair | Comments (0)

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