- nastassia@newchapterfinancialsolutions.com
- 710 Buffalo Street, Suite 208A, Corpus Christi, TX 78401
Disputing hard inquiries on your credit report involves working with the credit reporting agencies and possibly the creditor that made the inquiry. Hard inquiries can’t be removed, however, unless they’re the result of identity theft. Otherwise, they’ll have to fall off naturally, which happens after two years.
The Fair Credit Reporting Act (FCRA) requires the credit bureaus (Experian, TransUnion and Equifax) to inform consumers when a creditor or other business entity performs a hard inquiry, or “hard pull,” on your credit report. They do this by noting the inquiry in your credit file.
New Chapter Financial Solutions will take a look at any hard inquiries, and how they affect your credit score and how to dispute one in your credit report.
We work with all three credit bureaus and your creditors to challenge the unfair or inaccurate negative report items that affect your credit score.
Our educational approach and proven technology guide you through the tasks and action items you need to take in order to maintain a healthy score.
We offer 24/7 credit monitoring to keep you aware of the changes on your report and advise about how those reported items affect your score.
It's a wonderful feeling to know you have good credit and can use it when things happen in life, whether it's an emergency or celebration.
The idea of removing hard inquiries from your credit report to improve your credit score may sound appealing. But disputing a genuine hard inquiry on your credit report will likely not result in any change to your scores.
You can, however, dispute ones that are a result of fraud. This can happen when an identity thief uses your Social Security number and other personally identifiable information to open a new account in your name.
For most people, that one extra hard inquiry may drop your credit score by just a few points temporarily, but new lenders likely aren’t going to decline your application for credit just because you have hard inquiries on your credit report. While hard inquiries take two years to fall off your credit report, typically their impact to credit scores lasts just a few months.
However, if you already have several hard inquiries on your credit report from the past couple of years or you have other, more serious, issues that are hurting your credit, one new inquiry could make it more difficult to get approved for a loan or credit card with favorable terms.
New Chapter Financial Solutions offers tax services to businesses and individuals in the Corpus Christi and Coastal Bend area.
Our certified team is available to answer your tax questions!
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