If you’ve spent any time at all researching credit repair or just credit in general, you already know what an inquiry is. It’s common knowledge that when you apply for credit, the potential creditor requests your credit file, which is then furnished to them. This process, commonly known as “pulling credit,” is known in the industry as an inquiry,
What can you do now to change the outlook of your credit? Deal with the payment history stuff, which is 35% and the pay in the deal with the utilization stuff, which is 30% of the FICO credit scoring model.
TransUnion, Experian and Equifax are the main credit bureaus that are widely used by lenders and other institutions. They each maintain account information about consumers that creditors and collection agencies provide to them.
Everyone wants to know what’s in it for the credit bureaus to collect your personal and financial data. Why is it that credit bureaus do not support consumer advocate companies like credit repair?
