One way is to go directly to the creditor by sending them a certified letter in the mail. In your letter, be sure to point out which inquiry (or inquiries) were not authorized, and then request that those inquiries be removed. You could also contact the 3 big credit bureaus where the unauthorized inquiry has shown up.
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.
To get an inquiry removed within 24 hours, you need to physically call the companies that placed the inquiries on the telephone and demand their removal. This is all done over the phone, swiftly and without ever creating a letter or buying a stamp.
If you spot a hard credit inquiry on your credit report and it's legitimate (i.e., you knew you were applying for credit), there's nothing you can do to remove it besides wait. It won't impact your score after 12 months and will fall off your credit report after two years.
Hard inquiries serve as a timeline of when you have applied for new credit and may stay on your credit report for two years, although they typically only affect your credit scores for one year. Depending on your unique credit history, hard inquiries could indicate different things to different lenders.
Deleting credit inquiries is a straightforward process. The only inquiries authorized on your credit report are those who can claim “permissible purpose”. You gave permissible purpose when you signed the credit application with the car dealership.
Credit Versio automatically imports and analyzes your 3 bureau credit report, finds negative accounts, and prepares an aggressive dispute strategy.
How Many Points Will My Credit Score Increase When A Hard Inquiry Is Removed? Your score will go up by around 5 points when a hard inquiry falls off after 2 years.
If you can't trace the reason for a hard inquiry or you believe it was done without your consent, you can dispute it online. If the credit bureau can't confirm it as a legitimate inquiry, it's required to remove it.
A 609 letter is a credit repair method that requests credit bureaus to remove erroneous negative entries from your credit report. It's named after section 609 of the Fair Credit Reporting Act (FCRA), a federal law that protects consumers from unfair credit and collection practices.
For most people, according to FICO, a new hard credit inquiry will only drop your credit score between one and five points. While a hard inquiry stays on your credit report for two years, it only impacts your score for one year. It's important to note that these inquiries can stack up.
Credit Karma isn't a credit bureau, which means we don't determine your credit scores. Instead, we work with Equifax and TransUnion to provide you with your free credit reports and free credit scores, which are based on the VantageScore 3.0 credit score model.
There's a missed payment lurking on your report
A single payment that is 30 days late or more can send your score plummeting because on-time payments are the biggest factor in your credit score. Worse, late payments stay on your credit report for up to seven years.
Each bureau notes the type of inquiry, date of the inquiry, and who made the inquiry on your credit report. According to Credit.com, Edmunds, and Bankrate, shopping around for the best terms and interest rates for an auto loan or mortgage counts as a single hard inquiry.
Unlimited Disputes
Dispute as many accounts as you want on all 3 bureaus at the same time. It doesn't matter if you have one account or fifty accounts to dispute, Credit Versio can easily manage and track all of them.
SmartCredit is as accurate as the information on your credit bureau reports. Only you can tell if the information is incorrect or incomplete. SmartCredit offers access to all three credit reports, which is a huge benefit if you want to ensure all the information used by creditors is accurate.
The Effect on Your Credit Score
Still, if you don't recognize an inquiry it can be an indication of other problems (such as identity theft), so always follow up to make sure that a credit pull was authorized. If it was not and it should have been, you have a right to sue under the Fair Credit Reporting Act for damages.
Each rate quote, however, requires the lender to run its own hard credit inquiry. Thus, a single auto loan application made to a single auto dealership can realistically trigger 10 to 20 (and possibly even more) hard credit inquiries on a consumer's credit report.
The short answer is: probably. When shopping for a car, auto dealers submit your information to multiple lenders in order to find the lowest interest rate and most favorable loan terms. Therefore, each time your credit report is reviewed by a different lender, an inquiry will appear.