As you probably know, inquiries can pack quite a score damaging punch if you're not careful. Inquiries have roughly a 10% influence on your credit scores, which doesn't sound like much until you start doing the math. Research has concluded that you can lose as many as 55 points if you bomb in the Inquiry category. This is also one of the main reasons that business owners are turned down for business lines of credit...TOO MANY INQUIRIES! No reason to worry though. We have taken the steps to allow you to remove your inquiries in the next few weeks.

 
The Truth About Inquries:

The credit bureaus are required to maintain a list of anyone who looks at your credit reports. It's the law, and they have little discretion in the matter. It's actually a good thing for you, the consumer. You certainly want and deserve to know who is seeing your credit reports.

The dilemma is that inquiries can lower your credit scores. An excessive number of inquires can really hurt. The question that you're probably asking right now is "Okay, so how many is too many? "Unfortunately, it's not that simple. Inquires do not have a fixed value, so it's impossible to answer that question. Anyone who tells you "inquiries are worth 5 points" (or any other value) is simply throwing a number out there. It doesn't work that way.

There are two types of inquiries: hard and soft. The terms "hard and soft" are very common credit industry terms but might seem strange to consumers. Here's what they really mean in English.

 
The Hard Inquiry– This is the bad type. Whenever you apply for credit with a bank, credit union, finance company, car dealer, credit card issuer, or anyother creditor they will likely pull your credit reports and credit scores. And when they do so, the credit bureaus will post the inquiry (just like the one from above) immediately and the damage has begun.

These hard inquiries will are supposed to remain on your credit reports for 24 months. The silver lining is that they will only count against your credit scores for the first 12 months. After that, they will be there for another 12 months but won't have any impact on your scores.

The Soft Inquiry– This is the not-so-bad type. This is the type of inquiry that is posted for a reason other than you applying for credit. These inquiries won't have any impact at all on your credit score. In fact, not only do credit scoring models not see this type of inquiry, but also lenders don't even see them. You are the only one who can see your soft inquiries.

An example of a soft inquiry is when you ask for a copy of your own credit reports, like through www.annualcreditreport.com. But by far the most common type of soft inquiry is when the credit card issuers buy your name and address from the credit bureaus and mail you those pre-approved credit card offers in the mail. This happens billions (yes, billions) of times each year.

Whenever your name ends up on a list that the credit bureaus sell to a lender, they have to post a soft inquiry when the lender sends you that offer of credit. Don't panic; remember, those inquiries don't count against you. Most people have pages of soft inquiries on their credit reports when they see them. The bottom line is that you don't need to worry about the soft variety because they don't count against your scores. If you want to get your name taken off of the credit bureaus' mail lists, you can do so by going to www.optoutprescreen.com. This will take you off of the soft inquiry type mailer database.

Let's Get Rid Of The InquiriesThat You Have Right Now :

The bottom line is the inquiries you have and how they are stopping you from obtaining your unsecured business lines of credit. We have formed a partnership with a group of individuals that can remove you rinquiries immediately and make you clean and ready to obtain unsecured business lines of credit. Not only will they get them off in a few weeks, but they will also remove any other "dings", if any, that you have on your credit report.

FOR MORE INFORMATION  USE OUR CONTACT FORM TODAY!