Hi there! This is the Credit Advisor here having full knowledge about credit. And here’s our question for today: how do you remove those hard inquiries? We get this question all the time and I’m happy to answer it. So, the truth is you can’t. If you’re responsible for that hard inquiry, then. This will remain on your credit report for the next 2 years. However, your best shot at removing that hard inquiry is if you didn’t authorize it in the first place. It’s kind of like when I order a salad and get a Philly cheesesteak instead. Now, I can send it back. However, if I authorized to get that pile of meat and cheese and warm bread then I’m going to have to pay for it, eat it, and live with the consequences of digesting it over the next two years.
How hard inquiries affect your credit score
So, let’s take a look at how hard inquiries affect your credit score. Whether you’re going on a first date or applying for a loan or credit card, desperation is never attractive. Lenders don’t like to see too many hard inquiries in a short period of time because it could indicate that you are desperate for additional credit. Your credit score get lower in hard inquiry by a few points. However, if you applied for a lot of new credit in a short period of time it can damage your credit score significantly. So, let’s say you ordered that cheesesteak/credit check, but you found some other things on your credit report that definitely are not your fault. Here’s how you can take those off.
Step one: pull your credit report, which you can get for free at AnnualCreditReport.com.
step 2: Secong step would be to review all of the information on that credit report and make sure it’s accurate. Like that credit card from Hooters certainly isn’t yours, and a car loan when you don’t even own a car? Shenanigans!
Step 3: Three would be to dispute all of these errors and mistakes. You can contact all of the 3 credit bureaus, that’s TransUnion, Equifax, and Experian, to ask to remove these errors from your credit report. Finally, step four. Follow up and make sure these items are really wiped from your credit report. Your credit is your responsibility to maintain.
So, even if you can’t remove that hard inquiry from your credit report, (why did getting a credit card from the cheesesteak shop seem like such a good idea?). It only fall off your credit report after two years and credit score get lower. So, maintain a clean credit report free of any erroneous information and, just like your stomach after a cheesesteak, your credit score will recover from those hard inquiries.
Ugh, I shouldn’t have eaten so many cheesesteaks. Hey, hey, don’t judge me data monkeys! Anyway, thanks everyone.