Comenity Bank/VCTRSSEC is what’s known as a hard inquiry. Hard inquiries occur when a lender pulls your credit report when applying for a loan.
Generally you can remove inquiries from your report if any of the following has happened:
Comenity Bank/VCTRSSEC reviewed a copy of your credit report(s) to decide whether or not to lend to you, which appears on your report as a hard inquiry.
Lenders are required to report hard inquiries everytime they pull your credit reports because you asked for credit. They use this reporting to track how often you’re applying for credit cards, loans, etc., which in their eyes makes you a higher risk.
If you don’t recognize this company, consider what else you may have applied for around the date of the inquiry, as many times businesses will use 3rd parties to pull credit reports which regularly causes confusion.
Hard inquiries, or hard pulls, occur every time you apply for credit and a lender needs to pull your credit reports to make an informed decision whether or not to approve you.
The most common reason for these are when applying for:
Applying for a credit card with Comenity Bank/VCTRSSEC may result in a hard inquiry being placed on your credit report. This inquiry could stay on your report for up to two years and can have a negative influence on your credit score, depending on the number of inquiries, length of your credit history, and type of credit you have.
Having multiple hard inquiries on your report could indicate to lenders that you are excessively seeking credit and are at higher risk of not repaying debts, which in turn could affect their decision when considering an application from you.
If you are worried about the effect hard inquiries will have on your credit score, consult with a specialist at Credit Sage who can help you take the steps needed to improve it.
If you have inquiries from Comenity Bank/VCTRSSEC or any other credit issuer that you think are inaccurate or fraudulent, you can dispute them with the credit bureaus. To do this, send a letter to the credit bureau that reported the inquiry and provide evidence to show that it is wrong. Credit repair specialists such as Credit Sage can help prepare and send the dispute letter and guide you through the process of improving your score.
Though eliminating hard inquiries may not have a major impact on your score, disputing inaccurate information is important to make sure your credit report is accurate when applying for credit.
Hard inquiries (like Comenity Bank/VCTRSSEC) will remain on your credit report for a maximum of 2 years, regardless of whether or not your credit with Comenity Bank/Victoria's Secret was approved. Depending on the scoring model used, hard inquiries will stop affecting your score between 3 to 12 months.
If you’ve ever received a pre-qualification offer for a credit card, auto loan, mortgage, or anything else of that nature, a soft inquiry, or soft pull, was used. Unlike hard inquiries, soft inquiries have nothing to do with you requesting new credit, and as such they’re not visible to anyone except you and do not lower your score.
If the inquiry is a result of identity theft, then yes, TBOM/CONTIN can be removed from your credit report, this is something we can help with.
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