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Hi All,
Here's a topic that often arises; Inquires
At what point does this no longer matter? I'm now up to 14 on my Experian.. the last 2 inqs were made within the last 30 days. I'm going to see #15 shortly because I'm going to be personally guaranteeing an account for my business. Other than this, my credit history is STRONG ...super low utilization (under 10%), decent AAoA and zero baddies. I'm wondering if this will outweigh the inqs?
Has anyone experienced success with a goodwill letter to remove inquiries?
UM
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I haven't even been able to get UNAUTHORIZED inquiries off! I don't think any bank/ccc will do that unless there's a really good reason -- like it was their error. And even then, it would likely be a fight for you. At least, that's my experience.
From what I've experienced, nothing but time will get rid of inquiries. I have a couple that will fall off later this year. You just have to let time pass and let those inquiries fall off.
I've gotten inquries deleted before by calling the company. Working on a few others that appeared too.
send gw letters, I have had a few removed that way.
This is interesting. You guys mind saying what banks were willing to delete inquiries? Were they legitimate inq's or were they because of mistakes?
@LTomBerry wrote:This is interesting. You guys mind saying what banks were willing to delete inquiries? Were they legitimate inq's or were they because of mistakes?
+1 I'd like to know this as well. I have had to fight like the dickens to get an unauthorized inq made in error off of my rept. I've yet to find a bank that would do it as a "courtesy."
@Uncle_Money wrote:Hi All,
Here's a topic that often arises; Inquires
At what point does this no longer matter? I'm now up to 14 on my Experian.. the last 2 inqs were made within the last 30 days. I'm going to see #15 shortly because I'm going to be personally guaranteeing an account for my business. Other than this, my credit history is STRONG ...super low utilization (under 10%), decent AAoA and zero baddies. I'm wondering if this will outweigh the inqs?
Has anyone experienced success with a goodwill letter to remove inquiries?
UM
I don't think you can GW an INQ away. But I would think if all your other stats are good that a lender may let the INQ's slide if they were not recent (at least 6 mo's old)
If the inquiry is invalid and not authorized call and raise a fuss. Otherwise for legit inquiries try a GW letter- worth a shot, nothing to loose.