Credit Advice

How can I dispute credit inquiries?

Good question?

I had four credit inquiries made by a mortgage lender over a period of eight months. I approved the first inquiry when I initiatd the mortgage process. I then decided not to pursue the process. I completed no application, and paid no fees. Since then, I had several marketing calls from loan officers with the same lender. I emphatically told them not to pull any more credit report. But, since they have my SSN number in their filesand they pulled three additional inquiries over a period of eight months. They are not a servicer of a current mortgage and I did not proceed with the mortgage after the prescreening.

Further more, these additional inquiries don't show up under the lenders name. They show up as First American CREDCO and Credstar. I had to call Fist American CREDCO and Credstar to find out who originated the inquiry. I've complained to the lending institution and because their loan officers aren't even in the same state much less the same office, I can't get anything done by this company to have them removed.

Initially, I didn't fight it because time is beginning to pass. But, I had two apply for two different car loans, and two personal loans since then and the inquiries are impacting my credit score.

What process do I need to go though to get this accomplished? And why does the credit bureau make this a difficult process?

Lenders have nothing to lose by pulling a credit score. In fact, they could gain by it if it devalues a credit score enough to charge a higher interest rate. Frankly, even the credit bureaus can gain by this practice. Why are consumers at a disadvantage when it comes to protection from not only unauthorized inquires, but from inquiries made even though the consumer verbally tells the lender not to make an inquiry.

A consumer shouldn't need to impose a cedit freeze or purchasing a credit alert product to keep it from occurring or penalizing the lender for doing it. In fact, that would be like filing for a restraining order to keep a burlar from breaking into your house.

Asked by JohnHoer 1 year ago Flag this Question