How to Remove EMS From Your Credit Report

What is EMS?

EMS is short for Equifax Mortgage Services/Solutions.

Equifax Mortgage Services (EMS) is a division of Equifax, one of the three major credit reporting agencies in the United States. EMS specializes in providing credit reporting and risk management services to mortgage lenders, helping them make informed decisions when extending credit to potential borrowers.

Why is EMS on your credit report?

EMS may be on your credit report as a hard inquiry. When you apply for a mortgage, the lender needs to evaluate your creditworthiness to determine the level of risk associated with lending you money.

To do this, they’ll turn to credit reporting agencies like Equifax and request a copy of your credit report. EMS handles these requests on behalf of Equifax, conducting the necessary checks and providing the lender with the information they need to assess your application.

Equifax Mortgage Services may also appear on your credit report as ‘Equifax MTG’, ‘Equifax Mortgage Servi’, ‘EMS LACS‘, or ‘EMS Atlanta’.

The Difference Between Hard and Soft Inquiries

It’s essential to understand the difference between hard and soft inquiries to better manage your credit score.

Hard Inquiries and Their Impact

Hard inquiries occur when you apply for new credit, and the lender or creditor runs a credit check. They are visible to other potential lenders and can have a slight negative impact on your credit score.

Soft Inquiries and Their Impact

Soft inquiries are less invasive and typically occur when a company or lender checks your credit history as part of a routine background check or to prequalify you for a promotional offer. Importantly, soft inquiries do not negatively impact your credit score and are not visible to potential lenders or creditors when they check your credit report.

How long do hard inquiries stay on your credit report?

Regardless of the outcome of your mortgage application, hard inquiries will stay on your credit report for a period of up to 2 years. Whenever you initiate an inquiry, it is documented by one, two, or all three of the major credit reporting agencies, namely Equifax, Experian, and TransUnion.

Tips for Managing Hard Inquiries on Your Credit Report

While it’s true that hard inquiries can have a slight negative impact on your credit score, there are ways to minimize their effect:

1. Space out your credit applications

Avoid applying for multiple credit products within a short period, as this can signal to lenders that you may be experiencing financial difficulties. Instead, space out your applications, and only apply for credit when necessary.

2. Comparison shop within a short window

When shopping for a mortgage or other large loan, submit all your applications within a short timeframe, typically 14–45 days. Many credit scoring models will count multiple hard inquiries for the same type of loan as a single inquiry if they occur within this window, minimizing their impact on your credit score.

Monitoring Your Credit Report for Unauthorized Inquiries

It’s crucial to regularly review your credit report for unauthorized inquiries or other suspicious activity. You’re entitled to a free annual credit report from each of the three major credit reporting agencies (Equifax, Experian, and TransUnion). Take advantage of this by requesting your reports and reviewing them for any discrepancies or inaccuracies.

Removing EMS from Your Credit Report

If you would like assistance in removing inquiries or other inaccurate negative items from your credit report, Credit Saint is a reputable credit repair company with a proven track record.

They can help you dispute and potentially remove various negative items from your credit report, such as:

• late payments
• collections
• charge offs
• foreclosures
• repossessions
• bankruptcies

Take Action to Improve Your Credit

When it comes to repairing your credit, Credit Saint has the expertise to assist individuals in situations similar to yours. To explore their services and find out how they can help you, visit their website and complete the inquiry form. Taking this step could be the beginning of a journey towards a better credit score and improved financial opportunities.