What is Credit Plus?
Credit Plus, Inc. is a credit reporting agency and reseller of credit information, specializing in serving mortgage lenders. Their primary goal is to provide accurate and comprehensive credit data to help lenders make informed decisions when reviewing mortgage applications.
Credit Plus and Your Credit Report
When you apply for a mortgage, your potential lender may partner with Credit Plus to obtain your credit report. This hard inquiry is a standard part of the mortgage application process and indicates that a lender has reviewed your credit report to determine your creditworthiness.
The presence of a Credit Plus hard inquiry on your credit report signifies that you have sought new credit and may impact your credit score. Although the impact is typically minimal, accumulating too many hard inquiries in a short period can have a more significant negative effect on your credit score.
Hard Inquiries vs. Soft Inquiries: Know the Difference
What is a hard inquiry?
A hard inquiry occurs when a lender or creditor accesses your credit report as part of the decision-making process for new credit applications. Common scenarios include applying for a mortgage, renting an apartment, obtaining a car loan, applying for a credit card, securing an insurance policy, getting a cell phone plan, or sometimes, during a job application.
Though a single hard inquiry may only cause your credit score to drop by a few points, having too many in a short span can cause significant damage to your credit score.
What is a soft inquiry?
A soft inquiry, on the other hand, typically takes place when a company conducts a background check on your credit history. Soft inquiries can also occur when a credit card issuer or lender prequalifies you for an offer or when an existing creditor periodically reviews your credit status. Unlike hard inquiries, soft inquiries do not impact your credit scores.
The Impact of Hard Credit Checks on Your Credit Report
Hard inquiries can stay on your credit report for up to two years, regardless of whether your mortgage application is approved or not. These inquiries are recorded by one or all three major credit bureaus: Equifax, Experian, and TransUnion.
Dealing with Unauthorized Inquiries
If you find an inquiry on your credit report that you don’t recognize or are certain that you didn’t initiate, contact Credit Plus immediately to inquire about the nature of the hard inquiry. The creditor’s name should be listed under the hard inquiry section of your credit report.
Credit Plus Contact Information
31550 Winterplace Parkway
Salisbury, MD 21804
Phone number: (800) 258-3488
Can a Credit Plus inquiry be removed from my credit report?
Credit Saint is a leading credit repair firm that specializes in removing inquiries and other inaccurate negative marks from your credit report.
They can also help you dispute and possibly remove the following items:
- late payments
- charge offs
Removing Inquiries Has Never Been Easier
If you’re in search of a reliable credit repair company to help you fix your credit, consider working with Credit Saint. They have a proven track record of helping clients in similar situations.
Visit their website and fill out the form for a free credit consultation to explore how they can assist you in improving your credit standing.
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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