Capital One :madrun

[ShoogarBear]

I had always heard it was the hardest thing in the world to get mistakes corrected on your credit record. Comments here seem to indicate it's not.

[SpursWoman]

Didn't take very long to get the inquiries removed. I doubt it'd be that simple to have a bankruptcy removed just for writing () ... but inquiries when it's obvious you're shopping for the best rate is a no-brainer. The loan officer who we ended up going with was the one who informed me of this.

[tsb2000]

I had always heard it was the hardest thing in the world to get mistakes corrected on your credit record. Comments here seem to indicate it's not.

It's not really hard, but it does take patience. The internet helps, but many prefer to keep it "oldschool" and write the letters by hand and send them certified mail.

[tsb2000]

Didn't take very long to get the inquiries removed. I doubt it'd be that simple to have a bankruptcy removed just for writing () ... but inquiries when it's obvious you're shopping for the best rate is a no-brainer. The loan officer who we ended up going with was the one who informed me of this.

Correct. Inquiries within a day or two, like shopping for a car or mortgage, are usually without penalty. I have heard horror stories of people having 20-30 inquiries from overzealous sales managers, though, which gives the FICO scores a huge ding.

[tsb2000]

Does it matter where you live in the country?

I know about the 3 main reports but someone recently told me that some cover East, some West.

I'd never heard that before, I thought they were all National.

Anyone know?

No, all three reports are national, like Obi said, but some industries have preferences.

[BacktoBasics]

Fortunately, though, if all of the inquires are from a certain type of lender ... primarily auto & mortgage lenders, in a relatively small time frame, it's very simple to call/write the credit agencies and have them removed, under the premise that you shouldn't be penalized for shopping around...especially for a major purchase. I had to get a bunch of them removed from when we were shopping for mortgages.

Thats true I write all the time and simply put that I didn't athorized them to shop me to those banks and so forth. But keep in mind that it can take up to 30 days to have something removed. Not to mention most people pull their reports before shopping if at all. Not in the middle of shopping to see if someone shopped you to death. Most people going to buy a car do it within two weeks so damage can easily be done.

The simplist thing to do is to just go to your own bank and get the loan.

[BacktoBasics]

I had always heard it was the hardest thing in the world to get mistakes corrected on your credit record. Comments here seem to indicate it's not.

The law states within 30 or 45 days inaccurate info must be removed. Although sometimes it doesn't happen. I had a of a time getting a wrong address removed from my report because I have a commmon name. I also had a of a time getting a overdue power bill from LA removed because of the common name. They kept coming back and telling me they verified it was me. Then at one point they had the wrong SSN in my TransUnion. Take a guess at how ed up that became. Its only 15 bucks for all three reports and you just pay it monthly. Highly worth it.

I've learned a lot just repairing my credit and by working in finance and sales. I know an aweful lot of tricks if you want to try to get something removed. Its never as simple as just paying the bad debt off. A zero balance chargeoff that you paid will still hurt you.

[Mixability]

A little late, but thanks. I had totally ignored my credit info, even though I'll be house hunting in about a year. I pulled my credit report and I had alot of accounts that had been paid in full and closed, but were still shown as open accounts, so they are now under investigation to get those changed to "closed". Thanks for all the info in this thread.