Credit report inquiries are recorded in credit reports every time a business that is authorized to view your credit report does so. Although credit report inquiries are often necessary, too many credit inquiries can reduce a credit score. A credit score can be lower as a result of too many inquiries which is an indication that you have been applying for multiple new credit lines in a short period of time. By federal law, your credit report must list all parties that have made an inquiry … [Read more...]
So You Screwed Up, How Long Does Negative Information Stay On Your Report?
May 18, 2009 By Leave a Comment
This may remind you of your school records in elementary or high school when your history seemed t be passed along from teacher to teacher. Negative information stays in your credit report for years and there is little you can do about it. Like a reputation, good credit is fragile. The key to derogatory credit accounts or negative information is how quickly it can be removed from your credit report. Depending on the type of bad credit account and what happened with it, negative … [Read more...]