What are inquires?
Part of your credit score considers the number of inquiries made for your credit report. Credit inquiries are placed on your credit report each time a business requests a copy of your report. The Fair Credit Reporting Act (FCRA) requires businesses to have an acceptable reason for accessing your credit report. Acceptable reasons include:
- To grant credit
- Collect a debt
- Underwrite insurance
- Employment
- License issuing by some government agencies
- Legitimate business transactions
Each inquiry that reports can drop your credit score anywhere from 2-5 points. The inquiries on your credit report will remain for two years but only affect your credit score for one year.
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About Us
My name is Chad McCullough, owner of Armor Credit Solutions. I’ve been restoring consumer credit since 2005. We specialize in restoring damaged credit and helping people purchase the home of their dreams. I really enjoy helping people with their credit; it takes vast knowledge and experience to figure out how to raise one’s credit scores.
How it Works
Armor Credit Solutions will remove/correct many derogatory items off the credit report by working through a variety of Federal Consumer Protection Laws, help in reestablishment of credit/implement strategies for current accounts and provide valuable education to help grow and protect scores.