Reply
Frequent Contributor
RW771
Posts: 311
Registered: ‎08-16-2011

Removing credit inq???

My mortgage company somehow "accidentally" pulled my CR back in May (I closed back in December) and when I called them about this they had no clue how it happened. I talked to a lady at their corporate office in CO who sent me a copy of the letter she sent to all 3 CB's explaining that the inquiry was by mistake and to please remove it from all 3 reports immediately. EQ sends me a letter in return stating they don't delete inquiries as they don't factor into my score??? Is there any way this can be fixed? Freakin EQ gives me a headache...ugh.

05/31/2013 672 EQ (Fico), 03/08/2012 697 TU (Fico)

Closed on my first home 12/07/11! Officially a homeowner, thanks to this forum!!!

Mega Contributor
RobertEG
Posts: 17,456
Registered: ‎03-19-2007

Re: Removing credit inq???

If its inaccurately reported, the issue of whether it "counts" in scoring is irrelevent, and not the business of a CRA.

 

The issue in obtaining removal is that a credit inquiry is not a normal reporting of account information to the consumer's file, and as such is not a part of normal monthly reporting.  Thus, they cant simply delete it in their normal reporting.

 

FCRA 611(a) permits a consumer to dispute the accuracy of "any item of information contained in a consumer's file."

Send a dispute to the CRA, which requires them to forward the dispute to the creditor, who will respond back that it is inaccurate and should be deleted.

 

The CRA will then have a statutory requirement under FCRA 611(a)(5)(A)(i) to "promptly delete that item of information from the file of the consumer."

 

 


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+