Wednesday, July 8, 2015

Pulling Credit ads Inquiries Credit Repair Nerds Wisconsin

Inquiries occur when a lender checks a consumer credit report through the credit bureau. 
Credit Bureau's collect and record inquiries as a piece of a consumer's credit report.  Traditional vendors employ a financial staff that will seek available credit for you to purchase their products


A list of  typical vendors who employ a financial department:
- automobiles
- boats
- time share
- snowmobiles
- all terrain vehicles
- farm equipment
- restaurant equipment
- motorcycles
- mopeds
- appliances
- recreational vehicles- campers


The consumer enters a marine market to purchase a large pontoon boat.  The financial
staff record the information needed to facilitate inquiries and forwards the request to several contracted lenders. This is to create the best financing option on behalf of the consumer.  The department within each lender then sends inquiries to the credit bureaus to comply with their internal process.  Suddenly you have 4 potential lenders getting your credit report to create an attractive loan contract. One can see how a day of shopping at the local marine market can result in several inquiries  being recorded by the credit bureaus on the consumer's credit report.

Credit Repair Nerds Wisconsin www.creditrepairnerds.com
We are in the business of managing your credit report to improve your borrowing outcome.

 Credit Repair Nerds Wisconsin https://homecarepath.sharepoint.com/Pages/CreditRepairNerdsWisconsin.aspx is a referral in the tool box of the vendors needing to pull credit.   Credit Repair Nerds Wisconsin works with a consumer's credit information to fix reported history and improve the scores.  This improves the consumer's access to lending options. 




  

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