Posts Tagged Inquiries
Q&A: Can you dispute Credit Report inquiries?
Posted by admin in Dispute Credit Report on June 3, 2011
Question by Rabbit: Can you dispute Credit Report inquiries?
Someone just asked me this and I didn’t know the answer. So I am hoping someone else does. Credit disputes/credit “repair” normally works best on older accounts because it is more difficult for the information to be verified. Inquiries only stay on your report for two years, which really doesn’t meet this critereon. Has anyone had success removing these?
Best answer:
Answer by REinfo
I stopped mine by opting out on the credit agency website. You opt out from inquiries and also credit card offers.
Give your answer to this question below!
Where can I get a good low interest personal loan(unsecured) for debt consolidation?
Posted by admin in Personal Finance on January 27, 2011
I need to pay off like 5 credit cards,and 2 personal loans. I am just trying to put it all together and lower my monthly payment. Please help me with this.I have pretty good credit i guess but alot of inquiries because 2 car dealerships shotgunned my credit report around.
Please no more scammers trting to give me a loan. Just wanted to know some legit loan company’s that would work with someone
Justin
Inquiries on Credit report?
I didn’t know before that even if I have no credit history/ credit score, the inquiries (when the lenders/creditors pull up a credit check on you) can show up on the report. People say that this can harm approvals for future loans/ credit cards…How long will the inquiries stay on there? I am trying to build credit..so this “penalty of guessing” sucks, since I want to try getting approved, but I don’t want to harm my report. I currently have a secured credit card..but that’s my only line of credit I have for now, as I got denied for personal loans and unsecured credit cards because I have no credit history and am a new college student. I haven’t tried applying for department store cards..but..why bother? I most likely will get denied anyways (even if I will pay back in full every month…) So should I just stick with one line of credit for now, because inquiries on my report suck if I get denied? Thanks =)
Pamela
I want to fix my credit and I have questions about my report?
Posted by admin in Personal Finance on June 21, 2010
I have pulled my credit directly from all three reporting agencies and I want to start fixing my credit. I have a few questions about what is being placed on my credit.
1.) An acct I paid off reads paid, closed/ collection account – Is this what it is suppose to read and is that good?
2.) I had a car reposesed in Oct of 06. The original car loan was for about $15k, I paid approx $5k on the car before getting into trouble. I know they sold the car at an auction for about $6k. so I shoudl owe about $5k, plus some legal expenses. It is reporting Original Amount of $10,500, with a $7,120 is written off (whats that mean?) and a $0 balance as of 12/2006 (under recent balance) But last payment recieved was 12/06 for $5645. So I am confused on this debt and it is one of the things I want to really fix (as it is the highest debt and I want to buy a car in the future).
3.) A credit card I had about the same time I lost my card is reported on my report as Status: Transferred, closed/ account charged off. $311 Written off. Again, what does that mean? If this account has been sold to another creditor (as it states) why are they reporting the debt as well? Further down my report the other company is reporting the same debt, so i am getting a doubly whammy for the same acct.
4.) A company shows a recent payment on an account that I have NOT paid on. This is actualy the new company from question number 3. They show I made a payment of $675 this month, but I did not. Why would they say this?
5.) Why does only one company show my Balance History?
6.) I have inquiries on my report that I do not know how to explain (like an Attorney from Paul Law Offices in UT. I live in WA state and have not contacted an attorney for any reason. The inquiry was made 06/2008.
7.) I have a judgment against me from an old roommate for a phone bill she said I owe, the courts agreed because I could not show up (I was in hospital having a baby). I have paid this back to her and she has yet to report it to the courts that I paid it. What do I do, she wont answer my emails, phone calls, or Certified Letters asking her to let them know I paid it. Plus I was an idiot and didn’t keep a record of payment.
8.) I have a judgment from an apartment complex that I was evicted from and I want to pay this off. However now a days even if it is paid off you can not find an apartment to rent to you if you have an evictions (paid or not). How can I get a judgment removed from my credit? I read somewhere if you get the plaintiff to agree to it being removed they will, but is this true?
9.) Under my personal information I have tons of aliases. Mainly they are mis spellings of my last name, but it will report that mis spelling several times because they will add my middle name, or report last, first and then middle. Does this hurt my credit and how do I fix it. I have only had two last names, my maiden name and my now married name. My mothers name is listed as well as a name I am known to go by. Believe me this is not true and I would never want to be known as her.
10.) I moved a lot and does the number of addresses hurt your credit, some of the addresses are reported three or four times even though I have only lived there once.
11.) I have been told that my credit wont be repaired by paying opff certain debts. Many of these debts on my report are for under $100, to $300 and I can easily pay those off. Will it improve my score by doing this? Can I call these debt places and give my address to get statments and such so I know I am paying the correct agency? Are they required to send me a statment (I had a credit agency refuse to mail me a statment before)?
Do you have any other suggestions that may help me? I am not looking to get credit or anything like that, but here in the next two years I want to be able to buy a house and what not. My low low credit scores are hurting me and I want to fix it.
Kathryn
Fixing my credit and have a few question about report?
I have pulled my credit directly from all three reporting agencies and I want to start fixing my credit. I have a few questions about what is being placed on my credit.
1.) An acct I paid off reads paid, closed/ collection account – Is this what it is suppose to read and is that good?
2.) I had a car reposesed in Oct of 06. The original car loan was for about $15k, I paid approx $5k on the car before getting into trouble. I know they sold the car at an auction for about $6k. so I shoudl owe about $5k, plus some legal expenses. It is reporting Original Amount of $10,500, with a $7,120 is written off (whats that mean?) and a $0 balance as of 12/2006 (under recent balance) But last payment recieved was 12/06 for $5645. So I am confused on this debt and it is one of the things I want to really fix (as it is the highest debt and I want to buy a car in the future).
3.) A credit card I had about the same time I lost my card is reported on my report as Status: Transferred, closed/ account charged off. $311 Written off. Again, what does that mean? If this account has been sold to another creditor (as it states) why are they reporting the debt as well? Further down my report the other company is reporting the same debt, so i am getting a doubly whammy for the same acct.
4.) A company shows a recent payment on an account that I have NOT paid on. This is actualy the new company from question number 3. They show I made a payment of $675 this month, but I did not. Why would they say this?
5.) Why does only one company show my Balance History?
6.) I have inquiries on my report that I do not know how to explain (like an Attorney from Paul Law Offices in UT. I live in WA state and have not contacted an attorney for any reason. The inquiry was made 06/2008.
7.) I have a judgment against me from an old roommate for a phone bill she said I owe, the courts agreed because I could not show up (I was in hospital having a baby). I have paid this back to her and she has yet to report it to the courts that I paid it. What do I do, she wont answer my emails, phone calls, or Certified Letters asking her to let them know I paid it. Plus I was an idiot and didn’t keep a record of payment.
8.) I have a judgment from an apartment complex that I was evicted from and I want to pay this off. However now a days even if it is paid off you can not find an apartment to rent to you if you have an evictions (paid or not). How can I get a judgment removed from my credit? I read somewhere if you get the plaintiff to agree to it being removed they will, but is this true?
9.) Under my personal information I have tons of aliases. Mainly they are mis spellings of my last name, but it will report that mis spelling several times because they will add my middle name, or report last, first and then middle. Does this hurt my credit and how do I fix it. I have only had two last names, my maiden name and my now married name. My mothers name is listed as well as a name I am known to go by. Believe me this is not true and I would never want to be known as her.
10.) I moved a lot and does the number of addresses hurt your credit, some of the addresses are reported three or four times even though I have only lived there once.
11.) I have been told that my credit wont be repaired by paying opff certain debts. Many of these debts on my report are for under $100, to $300 and I can easily pay those off. Will it improve my score by doing this? Can I call these debt places and give my address to get statments and such so I know I am paying the correct agency? Are they required to send me a statment (I had a credit agency refuse to mail me a statment before)?
Do you have any other suggestions that may help me? I am not looking to get credit or anything like that, but here in the next two years I want to be able to buy a house and what not. My low low credit scores are hurting me and I want to fix it.
Philip
Everyone Should Know About Credit Report Basics
Credit Report Basics
The Credit Reporting Agencies work with lenders, creditors, insurers and employers to collect information from them and share it with companies with whom you desire to do business. Here’s an instance of how the system works:
A) When you apply for newly credits the creditor petitions a copy of your financial history from at the least one credit reporting agency. This causes a “hard inquiry” to be recorded on your credit report.
B) The creditor utilizes your credit reports and scores along with income, debt and other information to set what rates to offer up to you.
C) You begin to utilize the new credit and the creditor reports your payment history to one or more of the credit reporting agencies every 30 day period.
D) The credit reporting agencies update your credit report as they obtain new information (positive and negative) from those of your creditors.
E) Your credit profile varies based on your financial activeness.
Your Credit Report And How It Is Broken Down
Your credit report is separated into six main sections:
1. personal information (name, date of birth, last reported address,
2. any previous addresses on file,
3. the name and address of your current employer,
4. any previous employers that have been reported as well as any consumer statements you add to your file); summary; inquiries; creditor contacts; account history; public information.
5. When you open a new account, miss a payment or move, these sections are updated with new information.
6. The old information will stay on your credit report for several years.
Not all creditors report to each of the three agencies and the agencies don’t share their data so your credit reports from TransUnion, Equifax and Experian could be considerably different from each other. That’s why it’s important to look into your three credit reports every a couple of months to determine that the information is correct and up-to-date.
Constantly Check For Inaccuracies That Demand To Be Corrected
Under the Fair Credit Reporting Act, consumers are protected from having faulty information on their credit reports. If you find an incorrect record on your credit report, many identity protection agencies supply you with the tools and information to assist you in disputing it. Verify the disputing section on those sites for less told information about disputing details on your credit report. You can likewise dispute the inaccuracy direct with the credit reporting agencies.
Make Sure To Be Diligent
I recommend that you verify your credit reports every 3-6 months in order to defend against inaccuracies and identity theft. Routine check-ups along with paying your bills on time, preserving your credit card balances below 50% of their limits and rectifying any inaccuracies may serve you to maintain a healthy credit profile.
If you would like more information on this topic and want Fast Credit Repair or if you are in need of Free Credit Repair, Beatlands Credit Repair has many credit repair topics and tips that can be very useful.
STEVEN