Download Credit Inquiry Form Background. Credit inquiry is a transaction made between the bank or lender and individual who would want to loan. A credit inquiry is a request by an institution for credit report information from a credit reporting agency.
Credit inquiries are a hot topic in credit repair these days as it is widely known that it is possible to remove them from your credit reports.
Some inquiries may not be authorized by you, however, and can be removed. If you have hard inquiries on your credit report that you're sure you didn't. Credit report inquiries will remain on your report for two years, but only those made within the last year are included in your credit score calculation. Credit inquiry is a transaction made between the bank or lender and individual who would want to loan.