By Garrett Sutton, Esq.

Inquiries are the list of the companies that have seen your credit report in the past two years. It’s not unusual to see companies you don’t recognize in this section. First of all, companies don’t need your written permission to access your credit file. They just need a legitimate credit, insurance or employment purpose. Requesting a new cell phone account could create an inquiry on your file, for example.

Also, the company actually accessing your report may have a different name. For example, you go into your local Dave’s Flooring and apply for an account to buy new carpet for your home. That financing may be handled by XYZ Finance Co., which is what’s listed on your credit report.

Warning: Inquiries from companies you don’t recognize could be an early sign of credit fraud so don’t hesitate to ask the credit reporting agency for more information and contact that company, if necessary, to find out why it reviewed your file.

Only hard inquiries, or inquiries where you actually apply for credit, hurt your credit score, soft inquiries should not affect your score.

For more information on reading (and improving) your credit score, please read my book, The ABCs of Getting Out of Debt.

The ABCs of Getting Out of Debt

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These times call for a book that offers hope and education on mastering credit and getting out of debt.

In difficult times, debt can be a matter of life and death, happiness and despair. Controlling your debt can bring order and calm. Mastering debt can bring wealth and success. As bestselling Rich Dad/Poor Dad author Robert Kiyosaki says, “Good debt makes you rich and bad debt makes you poor.”

The ABCs of Getting Out of Debt provides the necessary knowledge to navigate through a very challenging credit environment. A Rich Dad’s Advisor and best selling author of numerous business books, Garrett Sutton, Esq. clearly writes on the key strategies readers must follow to get out of debt. Unlike other superficial offerings, Sutton explores the psychology and health effects of debt. From there, the reader learns how to beat the lenders at their own game, and how to understand and repair your own credit. Using real life illustrative stories, Sutton shares how to deal with debt collectors, avoid credit scams, and win with good credit. Read more.