Hard Inquiry Removal - PowerPoint PPT Presentation

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Hard Inquiry Removal

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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. – PowerPoint PPT presentation

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Title: Hard Inquiry Removal


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(No Transcript)
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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?

3
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.

4
The Importance of Cutting through the Red Tape
  • Those otherwise innocent credit inquires could
    hurt your bottom line, but if they dont 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.

5
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.

6
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

7
  • 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.
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