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Improving credit score without credit card

Dear Experian,

How can you improve your credit score if you don’t have any credit cards?

- HQB

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Delinquency cannot be removed after two years of on time payments

Dear Experian,

If payment has not been delinquent for two or more years can it be removed from potentially negative status?

- FRA

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Debt management firm isn’t necessary to negotiate with lenders

Dear Experian,

Debt management companies are able to negotiate lower interest rates on unsecured debt. Can consumers do this themselves? Would it be viewed the same as having a debt management company do this for you?

- ANN

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Inquiry for employment will not affect credit scores

Dear Experian,

I have been applying for work at employment agencies. They want my permission to conduct a credit check. My concern is that I was told in the past that if too many people are doing credit checks on me, it signifies a problem and can reduce my credit scores. Is that true?

- CICc

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Mortgage company not required to report payments

Dear Experian,

I am a homeowner for five years now, and am wondering why my mortgage company does not have to report my mortgage to the three credit bureaus. I applied for a car loan and my bank told me that my home was not on any of the bureaus, so I did not need to include my mortgage payments to apply for any loans. Is this true?

- SBY

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Declination for young adult may be result of federal law but won’t hurt scores

Dear Experian,

My daughter applied for a student credit card but was turned down due to insufficient income and excessive obligation. She had no previous credit history. Does this create a credit history, and is it now adversely affected?

- JTL

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A joint checking account will not influence credit history or scores

Dear Experian,

Does having a joint checking account bring down a person’s credit score?

- WAG

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Repossession remains seven years and can affect credit scores for the entire time

Dear Experian,

How long does a repossession reflect on your credit report, and how does it affect your credit report?

- MMY

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Being turned down for credit does not hurt credit scores

Dear Experian,

I was told that every time you get turned down for credit that your score goes down. Is this true?

- STI

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Credit reports not established based on age

Dear Experian,

At what age does the credit bureau start reporting credit history?

- RCU

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Use cards a little and pay balances in full to build credit

Dear Experian,

I am trying to rebuild my credit. Is it better to keep a zero balance on the credit cards that I have recently paid off or keep a small amount and pay them off each month? I still have some credit cards that have a balance on, which I plan on paying off completely. I would just like to know the best way to raise my credit score.

- LLO

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New Internet site helps employers increase their employees’ credit knowledge

Dear Readers,

According to research by the Personal Finance Employee Education Foundation (PFEEF), as many as 80 percent of employees spend work time dealing with financial issues, costing companies as much as 20 hours a month in lost productivity.

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Finding out what accounts are hurting your credit

Dear Experian,

How can I find out what accounts are hurting my credit?

- RBR

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Opt out of debt, not credit reporting

Dear Experian,

I want to opt out of all credit reporting. Can I do it?

- CPR

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Updating bankruptcy information

Dear Experian,

After a bankruptcy discharge the creditors usually update their entrances, so the debt shows as discharged in bankruptcy. However, they don’t always do that. Can I send you a copy of my discharge and the list of creditors so the report can be updated?

- ETT

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Free report for loan declination does not restart clock for FACT Act free report

Dear Experian,

I pulled a credit report because of a declined application. Does that restart the clock for the annual report, or are they separate events?

- WLS

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Student loans listed as “transferred” after being consolidated

Dear Experian,

My student loans were consolidated into a new loan. Both the new loan and all of the old loans are on my credit report. The old loans say transferred. Should they be closed as well?

- DSH

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Removing authorized user accounts after a breakup

Dear Experian,

I broke off a relationship in October 2009 where I was an authorized user on several credit cards. My ex-girlfriend told me she removed me as authorized user. Can I get those accounts deleted off my credit report since I am not legally responsible for those debts? If so, how do I go about doing it?

- IMM

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You cannot dispute a credit score

Dear Experian,

Can I dispute the score? I have a creditor that hasn’t reported me current on several opened accounts. I show current with Experian and one of the other credit agencies but there is no account data with the third. I show the lowest score from them.

- NTA

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How long it takes for a $0.00 balance to show in your credit report

Dear Experian,

How frequently is one’s credit record updated? If I paid off an old debt and want my credit report to reflect a $0.00 balance, how long does it take to show up? How can I speed along the process?

- SAL

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Voluntary repossession remains on credit report

Dear Experian,

How do I get a voluntary repossession off of my report? It has been three months and the credit union has since sold the car.

- OTT

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Declination notice received after withdrawing loan application

Dear Experian,

I withdrew an application for credit from a national bank on the same day of my request. They still sent me the packet, and then several days later they sent me a declined notice. Does this affect my credit score?

- CHR

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Deleting a mortgage after divorce

Dear Experian,

I have been divorced over one year. My ex-spouse was awarded the house and all bills that she has with that house. I want that off my credit report. What has to be done to correct this problem?

- PRE

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CPS documents helpful in fraud by mother against child in foster care

Dear Experian,

I have received a few inquiries involving debt owed to companies. I am 21 now, and the cases were for bills from 2004 till 2008. I was 14 at the time and in foster care. I am positive it was my mother, and I have letters from the government stating I was in Child Protective Services custody. Is this enough to dispute the charges?

- CTC

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Paid debt not deleted immediately; documentation not necessary for removal

Dear Experian,

If you pay off a debt does it get taken off of your credit report with in a month? How does it get removed? Do you have to show proof of payment such as writing a letter?

- RDA

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