How to Remove Credit Report Inquiries Fast

Image Credit: Comstock/Comstock/Getty Images

When you apply for a new loan or credit card, the lender checks your credit report to help determine whether or not to issue you an account. Each time this happens, a notation is made on your credit report showing that a lender accessed your credit report. Having several credit inquiries on your credit report in a short period of time can have a negative impact on your credit score and keep you from getting the credit you want. It's likely you want to find a way to erase those credit inquiries quickly. However, eliminating the marks quickly is not as simple as it seems.

Step 1

Review your credit reports closely. Determine whether each credit inquiry was the result of a credit application you pursued. If you find inquiries that you didn't authorize, make a notation on your credit report.

Step 2

Make two lists: inquiries that you authorized and ones you didn't. You will handle these separately.

Step 3

Start with the list of unauthorized credit report inquiries. Draft a letter to each of the big three credit-reporting companies (TransUnion, Equifax and Experian) stating that you didn't authorize an inquiry into your credit report and they must remove the fraudulent listing in accordance with the Fair Credit Reporting Act. Close the letter by asking them to send you an updated and corrected credit report within 15 business days.

Step 4

Draft a goodwill letter for your valid credit inquiries, kindly asking the credit-reporting agencies to remove the inquiries from your reports. Be sure to include that you're trying to rebuild your credit and that this would help the process. Also ask for a response within a reasonable amount of time, perhaps one month.

Step 5

Continue building positive credit in other ways. Credit inquiries can hurt your overall score, but other factors such as payment history and the balance on your accounts count more toward your overall credit score. Make a plan to pay your bills on time and reduce your overall debt and you'll soon find that your credit score increases, with or without the credit inquiries on your account.

Tip

Send all of your letters by certified mail with return receipt requested. That way you will know that they arrived at the credit reporting agencies and you will have proof of delivery. Be persistent. Sometimes it takes more than one dispute or request to have the inquiries removed from your credit reports.

Warning

Be sure to dispute only those credit inquiries that you didn't authorize. Disputing valid credit inquiries is illegal and highly unethical.

Things You'll Need

  • Envelopes

  • Certified mail postage

  • Return receipt postcards

  • Credit reports

references & resources