CreditCleaners.Net

Removing inquiries from credit report

CreditCleaner — Wed, 17 Feb 2010 20:35:04 +0000

This is a commonly asked question: just in …

How to remove inquiries from a credit report

Question: I have been using freecreditreport.com and it tells me that my score is 595 right now. One of the reasons it is so low is that I have 8 hard inquires listed. Those eight inquiries were from when I tried to refinance my car. I thought that if you apply for refinancing and several financing companies do an inquiry within a couple of days that it shows up as one inquiry rather than 8 separate inquiries. Is that true and if so can it be fixed on my report?

Freecreditreport.com has a tool that shows me that if I only had o1-2 inquires my credit is estimated to be 643 which is where I want to be. I only tried to refinance my car once but several companies did an inquiry for the financing and found that the value of the vehicle was to low. I would like to get that reduced to one inquiry if possible.

Answer: We don’t try to remove inquiries. Reason, they are very difficult to remove. Because you have to prove the inquiries weren’t authorized. Usually the website that you applied on has fine print that says you did authorize the credit reports.

FYI, The older the inquiries get, the less they affect the score.

Inquiries from websites like LendingTree.com many times do hurt your Fico scores. This is a common problem. The companies resell your info to other companies, who all pull your credit report.

We don’t get involved with disputing inquiries.

Question #2: I only applied to the lenders because I thought the following is how it worked:

2. Limit your loan shopping to a two-week period. Every time you apply for a loan — whether you are approved, whether you use it — your credit scores go down, making it slightly more difficult to get a prime-rate loan. But if you make all of your applications within two weeks, they count as only one inquiry.

Is that not the case with credit reporting of auto refinance loans?

Here is the link to the article.

http://articles.moneycentral.msn.com/SavingandDebt/SaveonaCar/10-steps-to-the-best-car-loan.aspx

Do you know if there is there a way I can prove that the inquiries were all related to one vehicle refinance request?

Answer #2: The statement in the article that you reference is suppose to be what happens. There was a tolerance built into the algorithms a few years ago. It doesn’t always work that way.

Keep in mind that the score estimator at Freecreditreport.com is an estimator. It isn’t exact and many times it is off by 20-30 points.

You can call the bureaus and dispute by phone. Or you can dispute with the creditors directly with a letter similar to below:

Your letter can go something like this: [include your contact info, so they can respond, include the inquiry statement in your letter]

——-letter start ———

Re: Unauthorized Credit Inquiry Dear American Express,

I recently received a copy of my Experian credit report. The credit report showed a credit inquiry by your company that I do not recall authorizing. I understand that you shouldn’t be allowed to put an inquiry on my file unless I have authorized it. Please have this inquiry removed from my credit file because it is making it very difficult for me to acquire credit.

I have sent this letter certified mail because I need your prompt response to this issue. Please be so kind as to forward me documentation that you have had the unauthorized inquiry removed. If you find that I am remiss, and you did have my authorization to inquire into my credit report, then please send me proof of this.

Thanking you in advance,

——-letter end ———

Disputing inquiries is a time consuming process with a low success rate. That is why we don’t dispute them. Remember the older they get the less they affect your scores.

Hope this helps.

Free Credit Analysis & credit repair success stories

CreditCleaner — Tue, 16 Feb 2010 17:07:57 +0000

Thought that you might like so see a recent “Success Story” regarding one of our clients. This is intended to encourage you if you have credit problems. Your credit problems don’t need to hold you down forever. If you need help, email or call us, we will do our best to correct and improve your credit and fico scores. Ask about our FREE Credit Review.

Below is a recent client who had several collections that needed to be paid and corrected. We worked on his credit and below are the results.

                                   Xp      Tu       Ef
Richard: before     - 526 | 425 | 486
Richard: current    - 644 | 536 | 556
                                 +118   +111   +70

Records: 24 Corrections - BUREAU: Account Info
Corrected - XP: RESIDENTIAL CREDIT S, was pd forclosure, now BK
Corrected - XP: CREDIT ONE BANK, was Charge off
Corrected - XP: TROJAN PROFESSIONAL, was collection
Corrected - XP: GRANT & WEBER, was collection
Corrected - XP: CMRE FINANCIAL SVCS, was collection
Corrected - XP: CCS/CORTRUST BANK, was charge off
Corrected - XP: FREMONT INVESTMENT &, was 120 days late
Deleted     - XP: GEMBPPBYCR, was charge off
Corrected - XP: HSBC BANK, was charge off
Deleted     - XP: INNOVATIVE MRCHNT SL, was collection
Corrected - XP: WARREN PROPERTIES IN, was collection
Corrected - TU: CREDITONEBNK, was charge off
Corrected - TU: TROJAN PROFE, was collection
Corrected - TU: CMRE FINANCE,
Corrected - TU: MTN LN ACQ, was collection
Corrected - TU: DIRECT FN SO, was collection
Deleted     - TU: GEMBPPBYCR, was charge off
Corrected - TU: HSBC BANK, was charge off
Corrected - TU: RCS MTG, was foreclosure
Corrected - EF: RCS, was foreclosure
Corrected - EF: CRDTONEBNK, was charge off
Pending     - EF: PLTNUM, still working on balance
Corrected - EF: N/A, was collection

Again, don’t be discouraged, if you have credit problems we can work through the problems. We will develop a “plan of action” to navigate through the problems and ultimately resolve them. Sometimes repair and recovery only takes 30-60 days, other times it takes 3-6 months. It all depends on the degree of your problems. Regardless, if you don’t start you will never finish. Bad credit doesn’t go away by itself.

Need help with…Credit Problems?
If you have late payments, paid or unpaid collections, charge-offs, bankruptcy or repossession, you may need the help of a good credit-cleaning program. Try our credit repair service at www.CreditCleaners.Net this service can clean or correct credit problems, remove late errors and raise FICO scores. It can even fix problems caused by a Bankruptcy. Call us for details or submit an online request with a FREE credit analysis.

Kindly forward this article to anyone who might appreciate our credit repair service..

Which is better Short Sale or Foreclosure?

CreditCleaner — Tue, 16 Feb 2010 16:57:54 +0000

This is a commonly asked question. The below is a response from FICO.

“The common alternatives to foreclosure, such as short sales, and deeds-in-lieu of foreclosure are all “not paid as agreed” accounts, and considered the same by your FICO® score. This is not to say that these may not be better options for you from a financial perspective, just that they will be considered no better or worse for your FICO score. If you are considering bankruptcy as an alternative to foreclosure, that may have a greater impact to your FICO score. While a foreclosure is a single account that you default on, declaring bankruptcy has the opportunity to affect multiple accounts and therefore has potential to have a greater negative impact on your FICO score.”

If you want your credit analysed to determine which is the best course of action for you. Submit an online inquiry so we can review your credit. The credit review will certainly reveal what is the best course of action, ie: foreclosure, short sale, bankruptcy etc. Our review is mainly for the purpose of determining the affect on your credit and the quickest path to credit recovery. If you have a recent copy of your credit report, email it to us after you submit your online inquiry. Submit your online inquiry today.

Debt Negotiation, True Example

CreditCleaner — Fri, 01 Aug 2008 03:48:06 +0000

Jaimi had some collections that were nagging her. So after she sold her home, and had some money to pay toward her collections she asked CreditCleaners.net for help with the debt negotiation. She was worried, because she only had enough money to pay for about 60% of the debt balances. So CreditCleaners.net went to work on negotiating and settling her debts. In fact all debts were settled to meet her budget of available funds. Below are a few of the actual settlements, there were a total of 10 settlements in all:

Creditor	Balance	Settlement	Savings
Wamu	11,941	7,700	4,241
Wamu2	2,337	1,100	1,237
Chase	5,747	3,300	2,447
Beneficial/HFC	8,493	5,600	2,893
		Savings:	10,818

As you can see, Jaimi saved a big chunk of money. If you have collections that need to be settled, CreditCleaners.net can help you save money. The credit repair program is a great way to improve your FICO scores..

CREDIT REPAIR SUCCESS

CreditCleaner — Fri, 01 Aug 2008 03:43:47 +0000

Yes, CreditCleaners.net continues to negotiate collections for 50-60% of their balances. This is saving customers huge amounts of money. It is allowing debts that normally wouldn’t have been paid off to now be paid off, to allow for credit repair and credit recovery. If you have outstanding collections, consider www.CreditCleaners.NetSome people don’t really know what credit repair can do. So below is a real recent example from www.CreditCleaners.Net [this is from one clients 35 day credit status report]

Corrected - XP: FRIEDMANS JEWELERS, was a charge-off
Corrected - XP: CAP ONE, was a collection
Corrected - TU: CAP ONE, was a collection
Corrected - TU: COLLECTION, was a collection
Corrected - TU: MIL STAR, was 120 days late
Corrected - EF: CAP ONE, was a collection
Corrected - EF: HSBC/BSTBY, was several 120 day lates
Corrected - EF: MIL STAR, was several 120 day lates
Deleted - XP: CORE COLLECTION COMP, was a collection
Deleted - XP: LVNV FUNDING LLC, was a collection
Deleted - XP: LHR INC, was a collection
Deleted - XP: BUREAU OF COLLECTION, was a collection
Deleted - XP: CIT BANK/DFS, was a collection
Deleted - TU: CORE COLLECT, was a collection
Deleted - TU: FRIEDMANS, was a collection
Deleted - TU: LVNV FUNDING, was a collection
Deleted - TU: LHR INC, was a collection
Deleted - TU: BAY AREA C S, was a collection
Deleted - TU: BUR COL RECO, was a collection
Deleted - EF: LHR,INC., was a collection
Deleted - EF: CIT BK/DFS, had several 60 day lates
Deleted - EF: WFFNATBANK, had lates 30 & 60 days
Pending - XP: VERIZON WIRELESS, still working on this
Pending - XP: VERIZON WIRELESS, still working on this
Pending - XP: HSBC/BSBUY, still working on this
Pending - XP: MILITARY STAR, still working on this
Pending - TU: CIT BANK/DFS, still working on this
Pending - TU: TIGER GLD CD, still working on this
Pending - EF: FRIEDMAN’S, still working on this
Pending - EF: LVNVFUNDG, still working on this
Pending - EF: BAY AREA CREDIT SERV, still working on this

After each credit repair session, we send out a progress report, the above is a real report. That all happened in just 35 days. I think that is pretty good.

Need help with…Credit Problems?

If you have late payments, paid or unpaid collections, charge-offs, bankruptcy or repossession, you may need the help of a good credit-cleaning program. Try http://www.creditcleaners.net/ this service can clean or correct credit problems, remove lates and raise FICO scores. It can even fix problems caused by a Bankruptcy. Call me for details.

Credit Repair MP3, Listen and Learn about credit repair

CreditCleaner — Tue, 28 Nov 2006 05:12:12 +0000

We added some audio files that answer many questions about credit repair, debt negotiation and improving FICO scores. You will have to listen to them. You may learn something.

http://www.creditcleaners.net/credit-repair-mp3.php

Let me know what you think. They aren’t professional recordings. They are just candid, honest answers to commonly asked credit repair questions.

I hope you like them.

CREDIT REPAIR SUCCESS STORY

CreditCleaner — Tue, 28 Nov 2006 05:06:43 +0000

Ramon S. had $24k in collections and credit scores in the low 500’s. He wanted to know what could be done to help him. We negotiated his debts down to $15k saving him $9k. We cleaned & corrected his credit which improved his credit scores +65, +51, +93 points. The credit repair process took about 40 days. He was happy.