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Articles by The Experian Team

I Have a Credit Card I No Longer Use. Is It Bad to Close a Credit Card?

January 19, 2017

Dear Experian, Does closing a credit card account that I don’t use hurt my credit? – TMY Dear TMY, Yes, closing a credit card account you no longer use...

Does Leasing a Car Build Credit?

January 17, 2017

Dear Readers, We are sometimes asked whether leasing a car can help you build credit and the answer is, yes it can. In terms of credit reports and credit...

Why Does My Credit Report Still Show a Charge Off on an Account?

January 12, 2017

Dear Experian, I had a car payment that was seriously delinquent in 2015. In January of 2016 I brought the payment current, and the monthly payment has been paid...

How Long Do Collections Stay on Your Credit Report?

January 10, 2017

Dear Experian, How long does it take for a collection to be deleted from my credit report? – SMQ Dear SMQ, Your credit report is a history of all...

I’d Like to Improve My Credit Score by 100 Points. What Are Some Steps I Can Take to Do So?

January 5, 2017

Dear Experian, What steps can I take to improve my credit score by 100 points? – KKB Dear KKB, Every credit history is unique, so it’s impossible to say...

What is a Credit Limit?

January 3, 2017

Dear Experian, I received my credit score. It says “amount of revolving credit card balances is too high,” but I do not owe anything. How do I clear the...

What Does “Good Standing” Mean on My Credit Report?

December 29, 2016

Dear Experian, I consolidated my school loans last year. Should I work to have those closed accounts removed? There are several of them. I don’t know, even though they’re...

How Does an Eviction Affect Your Credit?

December 27, 2016

Dear Experian, I am trying to apply for an apartment but they say there is an eviction on my record. Where would I find this information and how do...

What is a Rapid Rescore? Is it something I should consider?

December 22, 2016

Dear Experian, I currently have a pre-approval for a home loan and would like to get a better rate by improving my credit scores. I have credit cards and...

Should I cosign on my son’s car loan? Are there any risks to my credit?

December 20, 2016

Dear Experian, I want to help my son build his credit. Is cosigning for a car loan a smart way to do it? Cash flow is not an issue,...

How to Find Out What You Have in Collections

December 15, 2016

Dear Experian, When I checked my credit report through an online service, my report showed that I had nothing in collections. When a bank that I went to pulled...

What To Do When You Lose Your Purse or Wallet

December 14, 2016

Dear Experian, My handbag was stolen recently and with it I lost my license, our Social Security numbers, etc. I am planning to put a credit freeze on my...