Question by turmy3: Is it possible to remove credit inquiries from my credit report?
Over the course of about three months I went on a desperate auto loan shopping spree. I was trying incredibly hard to get approved under my own name with only a year worth of credit history because I have no willing/able co-signer.

I’ve recieved about 20 inquiries and my credit score dropped over 50 points from the original 730 I had, bringing me from excellent credit to between fair and poor.

Now I know that people usually say that you should stay away from “credit repair” agencies. However, I feel cheated to have these inquires draining on my credit report for the next two years when I’ve been responsible with my credit cards as I don’t have a single late payment and I usually pay off half my debt or more every 2 weeks.

Please advise.

Best answer:

Answer by bdancer222
The fact is that you did make all those applications resulting in that many inquiries. After the first couple turn downs, you should have known your credit wasn’t enough. They do give a reason when they turn you down.

I suppose you could pay one of those repair companies a couple hundred bucks to play their slight of hand and hope the actually get some of those inquiries removed, but you’d be better off just establishing a longer on time payment history. It won’t take 2 years to get back most of those points.

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Question by Aline B: How can I pursue action against someone who stole money from me in exchange for “credit repair”?
Nearly a year ago I paid someone to repair my credit. She is licensed. I have a written contract. She has done nothing to help my credit and will not respond to email or telephone inquiries. How can I report her to state licensing agencies (Texas) and the credit bureaus?

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Answer by My Take on It
This is the problem with those who claim (outrageously) that they can *repair your credit*. They won’t be able to remove anything derogatory that is there legally. It may come off for a month, while they investigate..but will go back on just as quick and stay there for the duration of the SOL. If you earned that bad mark, it is meant to be there for other creditors to see, so they can make an educated guess on whether you are a good risk for a loan.

If there is some sort of licensing board that oversees credit repair people, I guess you could complain to them. You could lodge a complaint with the BBB against her. Even if you tried to sue her in small claims, I highly doubt you would prevail.

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