Fact act Philadelphia

Heres the skinny on inquiries fact act Philadelphia and how you can manage them: What are inquiriesAn inquiry is a fact act Philadelphia record of someone checking your credit information.

Inquiries come in two distinct categories: hard inquiries that occur when a business views your credit report for the purpose of an application and soft inquiries that occur when your credit is checked for other reasons. If you apply for a new credit card, a hard inquiry record will appear on your credit report and may impact your credit. When you check your own credit fact act Philadelphia report, or when it is checked for a pre-approved marketing purpose, it fact act Philadelphia is considered a soft inquiry and will not harm your credit score. Will checking my own credit harm my score?Checking your own credit data online through a service like TrueCredit will not harm your credit score. You can check your credit regularly or can sign up for a monitoring program to automatically review your data without worrying about causing any fact act Philadelphia damage to your credit score. Why are inquiries recorded?Inquiries are recorded fact act Philadelphia so that potential creditors and lenders can view how often you have applied for new credit. the free credit report Potential creditors may think you are trying to spend beyond your means if there fact act Philadelphia are too many inquiries on your credit report. You can still shop around for a loan; multiple inquiries for the same purpose in a short amount of time are commonly grouped into one less harmful inquiry session. Inquiries are also helpful for consumers because they can notify you of a potential identity thief applying for fact act Philadelphia accounts in your name. How long fact act Philadelphia do they last? Most hard inquiries remain on your credit report for two years from the original placement. All inquiries must stay on your credit report for at least a year. You are allowed to dispute inquiries on your credit report, but it can be difficult to prove that the inquiry is indeed inaccurate.

If you are unsure of where an inquiry came from, try contacting the company listed before sending off a letter of dispute. free credit report without paying Who can place an inquiry?According to fact act Philadelphia the Fair Credit Reporting Act, only people with legitimate business needs can access fact act Philadelphia your credit information. This includes creditors, lenders, insurers and landlords who need to review your credit as a part of an application process. Each inquiry record will only appear on fact act Philadelphia the credit report that was checked for the application. For example, if a lender checks your TransUnion credit fact act Philadelphia history to help determine your rates, this inquiry record will only appear on your TransUnion credit report. How fact act Philadelphia can I limit who makes inquiries?fact act Philadelphia You may request that consumer reporting agencies do not distribute your name on lists used by creditors and insurers to make unsolicited offers of credit and insurance. Requests can be made by telephone or in writing by filling out a form available fact act Philadelphia from each credit reporting agency. Phone - Call (888) 5-OPT-OUT to notify all fact act Philadelphia three credit bureaus (Experian, Equifax, and TransUnion) that you wish to opt-out of pre-screen offers. legit free credit report Online - Opt out of pre-approved offers of credit fact act Philadelphia or insurance at www.optoutprescreen.com. The level of opt-out permanence can be chosen on the site. Mail - Opt out of pre-approved offers of credit or insurance via written request using the following address:TransUnion fact act Philadelphia Name Removal OptionP.O.

Box 505Woodlyn, PA 19094Written requests are permanent. 11 A question that I frequently get regarding credit reports is “how can I check my credit score for fact act Philadelphia free?” If you already know about the importance of credit scores hen you must also know how important it is to check your credit scores.