If you’ve come across a new entry from Clarity Services Inc, you’re probably wondering how it got there.
Finding an inquiry on your credit report can be unsettling, especially when you don’t recognize the name.
Clarity Services is a third-party credit reporting company used by lenders to obtain data like your credit reports when you apply for funding.
As such, it may show up on your credit report as a hard inquiry when you apply for a loan, credit card, or line of credit.
Below, we’ll provide more insight into what Clarity Services does, how hard inquiries work, and what you can do to dispute an inaccurate inquiry.
Clarity Services Inc on My Credit Report
Clarity Services Inc is an arm of Experian, one of the leading credit bureaus.
The agency provides businesses with extensive data reports to help them assess applicants’ credit use and financial standing.
They specialize in subprime candidates, helping lenders with tough calls on applicants with poor credit or little to no credit history.
To do so, they provide detailed data that includes not just one’s credit report but also their:
- Car title
- Installment payments
- Collections records
- Rent to own agreements
- And more
When your credit report is accessed in the application process for a loan, a hard inquiry is placed on your credit report.
The agency works with providers and lenders in several industries, such as:
- Debt recovery
- Installment loans
- Retail financing
If you are overwhelmed by dealing with negative entries on your credit report,
we suggest you ask a professional credit repair company for help.
How Does a Hard Inquiry Affect Your Report?
When a hard inquiry is placed on your report, it stays there for two years, and it has the potential to drop your score by a few points.
This differs from a soft credit check, which might occur if you:
- Apply for a new job
- Apply for a home rental
- Get pre-approved for a loan
- Check your scores online
Soft inquiries have no impact on your credit whatsoever.
Good news: You shouldn’t be too concerned over a hard inquiry or two. They’re a basic prerequisite for accessing new credit.
But, you should be mindful of how many applications you are submitting. Too many can be a red flag for prospective lenders, and they can add up to hurt your score.
Next time you need a credit card or loan, take some time to evaluate the minimum credit or income requirements before applying.
How to Remove Clarity Services Inc from Your Credit Report
If you recently applied for a loan in one of the niches above, the hard inquiry on your report is probably legit, meaning you can’t get it deleted from your report.
However, if you’re still wondering how the inquiry wound up on your report, you need to follow the steps below.
They’ll help you get the hard inquiry removed from your credit report right now.
While a hard inquiry may inflict minimal damage on your score, you should always look into unrecognizable entries as they could be a sign of identity theft or reporting issues.
Dispute the Inquiry
Identity fraud can have long-lasting, devastating effects on your finances, so it’s important to act quickly any time you suspect it.
The Fair Credit Reporting Act grants you the ability to dispute fraudulent inquiries on your report.
When you file a dispute with the credit bureaus, they are required by law to investigate. If they find that the inquiry is illegitimate, they’ll remove it from your report.
In addition to contacting the bureaus, you should also go to the source, Clarity Services. You should be able to get details about the reason for their inquiry, with details on the lender and application.
Furthermore, you should also put a fraud alert on your reports and freeze your credit reports.
It should be noted that Clarity’s lineup of services includes consumer assistance, and their website actually provides the resources needed for placing a security freeze and fraud alert on your reports.
For future reference, you should sign up for free credit monitoring if you haven’t already.
There are a handful of excellent free and subscription-based platforms that can track your score and changes to your report for you, sending you regular alerts on both.
You can also get personalized offers and tips for improving your credit, whether it’s subpar or at the top of its game.
Hire a Credit Repair Company
Don’t want to face the bureaus and Clarity Services alone? You don’t have to.
Like credit monitoring services, there are numerous credit repair companies that can help with issues like hard inquiries.
They’ll pinpoint the inaccuracies on your report, contact the appropriate parties, and get them removed.
And if hard inquiries are the least of your credit concerns, you have even more reason to consider working with one of these companies.
They’ll help you tackle a myriad of credit problems, like:
There are a lot of options out there, but we’ve narrowed it down to the top ten credit repair companies based on quality, customer experience, and cost.
Clarity Services Inc and Your Credit Report
You shouldn’t fret over a hard inquiry. It’s one of the least significant entries that can be added to your report, with little impact on your score and short shelf life.
Instead of stressing about inquiries from the past, try to focus on making financial decisions that will improve your score now, like making payments on time and keeping your credit utilization lower than 30%.
Even if you didn’t apply for a loan or service and found a Clarity Services inquiry on your report, you can relax.
There are laws in place to protect you from fraudulent claims, and filing a dispute couldn’t be easier.
That being said, there are several stellar credit repair companies eager to help you if you need assistance.