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An inquiry on your credit, regardless of its origins or purposes, can significant lower your chances of getting financed by a reputable lender. In fact, credit inquiries have a function of drastically limiting the amount of credit you can receive if you ever do get approved. On top of that they can lower your overall credit score by as much as 5 points each. In short, inquiries count against your rating, and if you have more than 6 within a 6 months then you might get denied for funding simply on that principle alone. This is especially true for lenders who use automated underwriting systems.<br>
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Understanding Hard Inquiry Removal and Their Effects on the Underwriting Process Did you know that there are three major credit bureaus – TransUnion, Equifax, and Experian – who are looking at your scores and ratings at any given moment during the typical underwriting process?
Credit Inquiring Basics An inquiry on your credit, regardless of its origins or purposes, can significant lower your chances of getting financed by a reputable lender. In fact, credit inquiries have a function of drastically limiting the amount of credit you can receive if you ever do get approved. On top of that they can lower your overall credit score by as much as 5 points each. In short, inquiries count against your rating, and if you have more than 6 within a 6 months then you might get denied for funding simply on that principle alone. This is especially true for lenders who use automated underwriting systems.
The Importance of Cutting through the Red Tape Those otherwise innocent credit inquires could hurt your bottom line, but if they don’t show up on any of your reports then you should have a better chance at success. Applying for a significant loan would no longer be a problem, and no further inquiries would get listed on your account. Unfortunately, too many people neglect to do anything about the mass of inquiries on their report, and they continue applying for unattainable loans, doing real damage to their credit ratings in the meantime. Understanding how to cut through all that red tape in order to find viable solutions to your credit woes is the hallmark of a truly successful businessperson.
How It Gets Done Legitimately removing inquiries from a credit report is not always easy, and often it requires the assistance of an expert or two. Indeed, real professionals can always find a way to make even the most complicated of situations seem as easy as 1-2-3. InquiryBusters.com uses an effective and state-of-the-art method to permanently knock out those credit inquiries that are standing between you and that loan you need.
How It Gets Done We abide by an exclusive approach which ensures our clients’ full satisfaction, using simultaneously executed methods such as:• Disputing hard and soft inquiries with all three of the major credit bureaus• Analyzing and disputing various inquiries with the creditors themselves• Directly disputing inquires with the FTC
While our approach is unheard of in the industry, it is surprisingly effective. In fact, some credit inquiries we dispute for our clients are removed instantly upon our asking. Others are a little more difficult to erase, but we keep fighting until the creditor agrees to remove the inquiry for good and the case is closed by the FTC. Typically, InquiryBusters.com can complete the entire process within 3 to 6 weeks. Visit the official website for more information and to get started on polishing your credit report today.