Your Questions About What Comes Up On A Credit Report

Ken asks…

Why is it that paying off collections can negatively impact your credit?

I’ve read conflicting information about paying these off. It makes it hard to get a low rate for a car, to get an apartment or to get a mortgage if they aren’t paid. So why is that I read not to pay these? I had many! Just was never taught about money and learned through trial and error. So I’ve began paying them. Some companies have deleted them and some refuse. Will the collections come off my credit report in 7 years from the date they were applied to my credit or 7 years from the date I paid them?

Realestate answers:

Mandy asks…

How to get the free annually credit report?

How do I obtain my free yearly credit report from the major credit agencies. I have heard that a law was passed and all agencies were to provide a persons credit report free once a year. I have encountered several websites claiming to be free but there are none that i have yet to come across. I do not have a bank account to paypal any of these credit report sites. How do I find the major credit agencies and how do I get my free credit report.

Realestate answers:

I got mine free from which is recommended by the government.

AnnualCreditReport was created by the three nationwide consumer credit reporting companies – Equifax, Experian and TransUnion — to comply with government regulations allowing consumers to obtain their free credit reports from those three agencies. Unlike other ways, you don’t have to sign up for something and then remember to cancel since you’re not signing up for anything.

They’re listed on the government’s website:

Everyone is entitled to one free credit report from each of the reporting agencies per year. It’s free. No fees or membership of any kind at all. If anyone asks for any kind of payment for anything they’re frauds.

CAUTION!!! is a scam. You only get the “free” report after enrolling in a $15-a-month credit monitoring program. is a PAY service you should watch out for. They spam the credit related questions on Yahoo Answers. That’s pretty sad and dishonest, and if they have that much time you know they’re not doing good business. They will automatically charge your credit card $15 every month, so BUYER BEWARE!!!

Laura asks…

How long does it take for a credit inquiry to come off your credit report?

Been trying to buy a house. The first place u tried to finance denied me and referred me to someone else. They denied me and sent me somewhere else. They denied me because I have too many credit inquiries on my credit report. I have fuxed the other issues that prevented me from getting approved but don’t know how long to wait for those inquiries to not look bad on my report.

Realestate answers:

It stays for two years, but it will only “look bad” for one year. During the second year, it will be there, but it will not matter.

Related posts:

  1. Reasons Why You Should Take Your Credit Report Seriously
  2. How To Report Credit Card Fraud
  3. What Is On Your Credit Report
  4. What Comes Up On Your Credit Report
  5. Before Buying A Home Know What Your Credit Is

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