What is Data Facts?
Data Facts, Inc. is a comprehensive background screening and credit reporting agency. They provide credit checks to lenders and background screening services to employers, helping them make informed decisions about potential borrowers and job applicants. Established in 1989, Data Facts has been dedicated to offering accurate and reliable information to businesses and consumers alike.
The Difference Between a Hard Inquiry and a Soft Inquiry
Data Facts can appear on your credit report as a hard inquiry. To understand the impact of hard inquiries on your credit score, it’s important to distinguish between hard and soft inquiries.
The Effects of Hard Inquiries
A hard inquiry occurs when a lender or creditor runs a credit check to determine your creditworthiness, typically when you apply for credit, an apartment, a loan, or a job. Hard inquiries can have a negative impact on your credit score, though usually only by a few points.
However, multiple hard inquiries in a short period can accumulate and damage your credit score significantly, making it more difficult to qualify for new credit or favorable interest rates.
Soft inquiries, on the other hand, occur when a company checks your credit history as part of a background check or when a lender or credit card issuer prequalifies you for an offer. Soft inquiries might also be pulled by existing creditors monitoring your current credit situation. Unlike hard inquiries, soft inquiries do not affect your credit scores.
How long do hard inquiries stay on your credit report?
Hard inquiries remain on your credit report for up to 2 years, and each inquiry is recorded by one or all of the three major credit reporting agencies: Equifax, Experian, and TransUnion. If you find that Data Facts’ inquiry has negatively impacted your credit report, consider seeking professional help to remove it.
Dealing with Unauthorized Inquiries
If you find an unauthorized hard inquiry on your credit report or if you don’t recognize the inquiry made by Data Facts, it’s crucial to address the issue promptly. Contact Data Facts and ask for an explanation for the inquiry. The creditor’s name should be listed under the hard inquiry section of your credit report.
Data Facts, Inc. Contact Information
Data Facts, Inc.
8000 Centerview Pkwy Suite 400
Cordova, TN 38018
Phone number: (800) 813-4381
Can Data Facts be removed from my credit report?
Credit Saint is a reputable credit repair company specializing in removing inquiries and other negative items from your credit report.
They can help you dispute and potentially remove various negative items from your credit report, including:
- late payments
- charge offs
Take Action to Improve Your Credit
If you’re struggling with bad credit due to hard inquiries or other inaccurate negative items, consider a free credit consultation with Credit Saint. They have a proven track record of helping people in similar situations.
Visit their website and fill out the form to explore what they can do to improve your credit. By addressing these issues, you can work towards achieving a healthier credit score and a better financial future.
Ready to Raise Your Credit Score?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
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