What is Credit Information Systems?
Credit Information Systems (CIS) is an appraisal management company that specializes in providing credit reports to lenders. These reports help lenders make informed decisions about whether to extend credit to potential borrowers. CIS plays an important role in the credit ecosystem by compiling and maintaining credit-related information for individuals, which is then used by lenders to assess credit risk.
Why Credit Information Systems Appears on Your Credit Report
When you apply for credit, such as a mortgage, a lender may request a credit report from Credit Information Systems. This action results in a hard inquiry on your credit report, which can slightly lower your credit score. The appearance of CIS on your report indicates that a lender has accessed your credit information to make a lending decision.
The Role of Credit Information Systems in Credit Reporting
CIS collects and compiles credit data from various sources, including banks, credit card companies, and other financial institutions. This data is then used to create comprehensive credit reports, detailing your borrowing and repayment history, outstanding debts, and any recent credit inquiries. Lenders rely on these reports to determine whether to approve or deny your credit application.
How Credit Information Systems (CIS) Affects Your Credit Score
Hard inquiries, like those from CIS, can negatively impact your credit score. While one or two hard inquiries might only cause a minor dip in your score, multiple inquiries within a short timeframe can lead to a more significant drop. Lenders may interpret frequent credit checks as a sign that you are seeking substantial credit, which could be viewed as risky.
How Long Credit Information Systems Stays on Your Credit Report
A hard inquiry from Credit Information Systems will remain on your credit report for up to two years, regardless of whether your credit application is approved. These inquiries are recorded by major credit bureaus—Equifax, Experian, and TransUnion—and are visible to other lenders who may review your credit history.
Addressing Unauthorized Credit Information Systems Inquiries
If you notice an inquiry from Credit Information Systems that you don’t recognize or believe to be unauthorized, it’s important to take action. Begin by contacting CIS to verify the details of the inquiry and understand its origin.
Credit Information Systems Contact Information
Address:
Credit Information Systems
225 S Main St.
Council Bluffs, IA 51503
Phone number: (800) 782-9094
Removing Credit Information Systems from Your Credit Report
If you believe a hard inquiry from CIS was made in error or without your authorization, you may consider working with a credit repair company like Credit Saint. They specialize in disputing and potentially removing unauthorized or inaccurate inquiries, as well as other negative items on your credit report, such as late payments, collections, charge-offs, foreclosures, and more.
Steps to Improve Your Credit Today
Maintaining a strong credit score is vital for accessing favorable financial opportunities. If you’re concerned about the impact of hard inquiries or other negative marks on your credit report, consider a free credit consultation with Credit Saint. Their experienced team can guide you through the process of repairing and rebuilding your credit.
Visit their website and complete the consultation form to learn how they can assist you in taking control of your credit and working towards a better financial future.
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