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Disputing and Erasing Credit Inquiries
by Lisa Phillips
by Lisa Phillips
How long do inquiries remain on your credit report
All credit inquiries remain on your credit report for two years and should drop off automatically
when the two years as expired.
Erasing credit inquiries
The credit reporting agencies will tell you that credit inquiries are just a statement of fact and
cannot be removed. This is not true. FRCA Rules state that any information can be disputed
and must be investigated. You need not worry about soft inquiries as they do not count
against your credit score. Credit inquiries made without “permissible purpose” should be
disputed. The FCRA states you can sue for damages in the amount of $1,000 for each
instance a company pulled your credit report without your permission.
Credit inquiries made without your permission may indicate fraud, in which case the credit
reporting agencies may put a fraud alert in your files. A fraud alert will make it difficult for
anyone, including you, to access your credit report without your permission.
Permissible purpose would be if you applied for credit, one of your current creditors may pull a
hard inquiry or a collection agency holding a debt may pull your credit report.
Is disputing credit inquiries worth the time
If the credit inquiry is really a mystery to you and you don’t recall requesting credit then you
should initiate an investigation with the credit reporting agencies. It could be a matter of
fraud and you want to handle that immediately. A fraud alert may be put in your files in order
to protect you. Fraud alerts will also keep you from applying for credit easily. Most credit
grantors disregard credit inquiries after 6 months. While they do remain on your credit reports
for 2 years, they are not heavily weighed in decisions to grant credit. Your time may be better
spent disputing other types of information that would significantly raise your credit score if
deleted. See Disputes.
Disputing credit inquiries that actually belong to you may prove detrimental to your credit
account and credit reports. You run the risk of your account being closed and your credit
report being flagged with a fraud alert. As stated above, having fraud alerts placed on all of
your credit reports is very cumbersome and difficult to deal with when applying for credit.
Fraud alerts should only be utilized if actual fraud has taken place.
Page: 1 2 Back
All credit inquiries remain on your credit report for two years and should drop off automatically
when the two years as expired.
Erasing credit inquiries
The credit reporting agencies will tell you that credit inquiries are just a statement of fact and
cannot be removed. This is not true. FRCA Rules state that any information can be disputed
and must be investigated. You need not worry about soft inquiries as they do not count
against your credit score. Credit inquiries made without “permissible purpose” should be
disputed. The FCRA states you can sue for damages in the amount of $1,000 for each
instance a company pulled your credit report without your permission.
Credit inquiries made without your permission may indicate fraud, in which case the credit
reporting agencies may put a fraud alert in your files. A fraud alert will make it difficult for
anyone, including you, to access your credit report without your permission.
Permissible purpose would be if you applied for credit, one of your current creditors may pull a
hard inquiry or a collection agency holding a debt may pull your credit report.
Is disputing credit inquiries worth the time
If the credit inquiry is really a mystery to you and you don’t recall requesting credit then you
should initiate an investigation with the credit reporting agencies. It could be a matter of
fraud and you want to handle that immediately. A fraud alert may be put in your files in order
to protect you. Fraud alerts will also keep you from applying for credit easily. Most credit
grantors disregard credit inquiries after 6 months. While they do remain on your credit reports
for 2 years, they are not heavily weighed in decisions to grant credit. Your time may be better
spent disputing other types of information that would significantly raise your credit score if
deleted. See Disputes.
Disputing credit inquiries that actually belong to you may prove detrimental to your credit
account and credit reports. You run the risk of your account being closed and your credit
report being flagged with a fraud alert. As stated above, having fraud alerts placed on all of
your credit reports is very cumbersome and difficult to deal with when applying for credit.
Fraud alerts should only be utilized if actual fraud has taken place.
Page: 1 2 Back
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