Month: August 2009

and Stefan J. Kasian, Ph.D.

1. Write the bureaus a letter. Especially if an inquiry is truly unauthorized, they will have to contact the creditor and ask for them to prove the existence of the inquiry. Most will not have the time, or documentation to prove it, and inquiries will just fall off.

NOTE: Beware of disputing inquiries pertaining to an open credit line. For example, I heard of a consumer whose car got repossessed by Bank of America because he disputed the inquiry associated with obtaining the car loan with that bank. This is an extreme case, but beware of the risks.

But if inquiries resulted from “shopping” for credit, these are fairly easy to remove.

2. File a fraud alert and dispute inquiries as fraudulent. Be careful of this as well, as your file will then be very closely scrutinized by higher paid credit bureau staff, which can be to your disadvantage.

3. “Bump” your inquiries off with TransUnion. For example, subscribe to a credit monitoring service such as creditchecktotal.com that allows you to check your credit daily with updates. These updates are “soft pulls” on TransUnion bureau. So they don’t count as inquiries that other people see that would affect your score, but they are added to the record. Enough of these soft inquiries maxes out the record, and eventually bumps off the inquiries seen by all. It takes approximately 60 soft pulls. But you can cut the time in half by subscribing to multiple services that allow you to check inquiries daily. Kathy Kennebrook and I have done this successfully.

Note that deleting inquiries years ago was much faster and easier than now, as bureaus have tightened up in their practices. TransUnion appears to be the most difficult to work with at this point in time, and takes the longest to see results with by mailing letters. Whereas Equifax and Experian are pretty fast.

4. Hire an expert to delete inquiries. Kathy Kennebrook andI have worked with 3 different providers that have all performed. I have paid as much as $150 or more per inquiry to an attorney for deletion because the money I had paid him would be quickly recouped by the credit lines I would get approved for after the inquiries were deleted. No provider can guarantee all inquiries will be deleted, rather, on a “Best efforts” basis.

The most recent expert I have worked with uses a proprietary online and offline tactics to get inquiries deleted quickly and professionally. His cost is one of the most reasonable I have seen and he is very responsive and professional.

This should give you a better overview and more hope for your credit report. Time and space does not permit me to share the specific letters I have written to delete inquiries successfully.

Or if you wish to have the provider’s contact information I would be glad to share it with you. This is all contained in my step-by-step home study system that teaches you how to repair and build your personal and business credit so you can have all the money you need to tide you over during these times. Just check out Kathy Kennebrook’s website at www.marketingmagiclady.com for more information on this system.

Although the bar has raised for credit, banks still have plenty of money to give you, and if you can tap this vault, you will have an advantage that will help you make a fortune because you can buy assets as such an incredible discount.

Dr. Stefan Kasian, the “King of Credit” has obtained over 1 million dollars in business credit for himself and his clients in the past few months. While earning a doctorate in psychology, he became a semi-retired millionaire at an unusually young and tender age. Now he continues using his high-level Wall Street and Celebrity contacts to give clients an insider’s edge in getting the money you need to survive and prosper in this economy while all the other banks and lenders turn you down. Please visit the Million Dollar Corporate credit system for complete information by going to Kathy Kennebrook’s website at www.marketingmagiclady.com.

While you are there be sure and sign up for her free newsletter and receive an additional 149.00 in Real Estate Investing tools absolutely FREE!!

 and Stefan Kasian PHD

Like it or not, having inquiries on your credit report can get you turned down for a loan approval or credit report. I’ve applied for credit for years for myself and my clients, and I can’t tell you how many times a bank wrote a rejection letter that we were turned down for a credit card “because of excessive inquiries.”

No matter what a creditor tries to convince you of otherwise, inquiries DO lower your credit score. Granted, some mortgage companies, for example, only consider your most recent inquiries for past 3-6 months. The more you have, and the more recent you have them, the more your score is lowered. And a lower score also means you will end up paying a higher interest rate on your credit, which could cost you thousands of dollars over time.

In fact, many business and personal credit line services who specialize in obtaining credit lines for their customers won’t even touch you if you have more than 2-3 inquiries per bureau.

But how do you delete inquires? The bureaus may like to tell you the propaganda that inquiries cannot be deleted, they are permanent, and stay on for months, even years.

Nothing is farther from the truth. Based on years of trial and error, Kathy Kennebrook and I have uncovered some of the best ways to remove inquiries.

Follow up next week for all the information you need on deleting inquiries from your credit score. In the meantime checkout Kathy Kennebrook’s website at www.marketingmagiclady.com for all of the tools you need for your Real Estate Investing Business. While you are there sign up for Kathy Kennebrook’s free newsletter and receive 149.00 of real estate investing tools absolutely FREE!!!