TBOM/FORTIVA 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:
TBOM/FORTIVA 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:
Keeping your credit score secure is vital, so it's essential to respond quickly if you notice an unauthorized inquiry on your report. Dispute the hard inquiry right away with either the online or mail-in method; and be sure to include any supporting proof like a letter from the lender verifying that no application was made by you. This will bolster your dispute case against potential impacts on future scores.
If a dispute is filed with the credit bureau over an inquiry, it will investigate and contact the lender to verify its accuracy. If successful, this can help protect your credit score since the investigation result will be removed from your report within 30 days of submission.
Identity theft can have serious and long-lasting consequences for your credit score, so it is essential to take action to secure personal information. To protect yourself from unauthorized inquiries of your credit report, monitor its activity regularly and review all related inquiries closely. In order to prevent any potential fraudulent access attempts,.you should use strong passwords when sharing private data online or over the phone.
Act quickly if you suspect that they may have been compromised. Take the necessary steps to reduce risk - like requesting a fraud alert or credit freeze with the respective bureaus – then stay vigilant by routinely examining your credit report for any suspicious activity. Doing so can help protect from identity theft's damaging consequences.
Hard inquiries (like TBOM/FORTIVA) will remain on your credit report for a maximum of 2 years, regardless of whether or not your credit with The Bank of Missouri/Fortiva 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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