What is ACRAnet?
ACRAnet is a company that provides various services to businesses, landlords, and consumers. They specialize in tenant screening for landlords, employment screening for businesses, and mortgage services for lenders. By conducting background checks, credit checks, and other relevant inquiries, ACRAnet helps these parties make informed decisions about potential tenants, employees, and borrowers.
You may see ACRAnet on your credit report as a hard inquiry. This usually happens when you apply for an apartment, mortgage, or employment and the company runs a background check as part of their decision-making process.
The Difference Between Hard and Soft Inquiries Explained
When it comes to credit inquiries, it’s essential to understand the difference between hard and soft inquiries, as they have different effects on your credit report and score.
Hard Inquiries: Impact on Credit Score
As mentioned earlier, a hard inquiry occurs when a lender, landlord, or employer checks your credit report as part of their decision-making process. Hard inquiries can have a negative impact on your credit score, albeit a relatively small one. However, multiple hard inquiries within a short period can cause more significant damage to your credit score, as it might signal financial instability or desperation.
Soft Inquiries: No Impact on Credit Score
On the other hand, a soft inquiry typically takes place when a company checks your credit history as part of a background check, prequalification, or account review. Unlike hard inquiries, soft inquiries do not affect your credit score, and they are not visible to other creditors or lenders.
How long do hard inquiries stay on your credit report?
Hard inquiries typically remain on your credit report for up to two years. Although the impact on your credit score lessens over time, it’s still essential to manage and minimize the number of hard inquiries on your report.
Monitoring Your Credit Report for Unauthorized Inquiries
It’s crucial to keep an eye on your credit report and look for any unauthorized hard inquiries. If you notice an inquiry you didn’t authorize, contact ACRAnet immediately to resolve the issue. Providing accurate contact information for the creditor listed in the hard inquiry section of your credit report can help expedite the resolution process.
ACRAnet Contact Information
521 W Maxwell Ave
Spokane, WA 99201
Phone number: (800) 304-1249
Removing Hard Inquiries on Your Credit Report
If you believe a hard inquiry from ACRAnet should not be on your credit report, professional credit repair services like Credit Saint can help. With years of experience and many removals under their belt, they specialize in disputing and potentially removing negative items from your credit report, including unauthorized hard inquiries.
They can also help you dispute (and possibly remove) the following items:
- late payments
- charge offs
Taking Control of Your Credit
If you’re struggling with a poor credit score due to hard inquiries or other negative items, consider a free credit consultation with Credit Saint. Their expertise in credit repair has helped numerous people in similar situations take control of their credit and improve their financial future.
Visit their website and fill out the consultation form to discover how they can assist you in your credit repair journey.
Ready to Raise Your Credit Score?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
Here’s a list of some of the nation’s most common credit inquiries.
- CB INDIGO
- Citicards CBNA
- Comenity Bank/ATYLRLMC
- CoreLogic Credco
- CRDT First
- Credco Inquiry
- Credit Plus
- Elan Financial Services
- Equifax Mortgage Services
- Factual Data
- JPMCB Card Services
- MABT CONTFIN
- SYNCB AEVISA
- SYNCB/Amazon PLCC
- SYNCB/Ameg D
- SYNCB/TJX CO DC
- SYW MC/CBNA
- TD Bank Target
- TU Interactive
- Webbank Fingerhut
- WF Bank NA
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