Credit Advice » Debt

Debt

Is all debt bad? Is any debt good? How you perceive debt, and how it affects your credit, depends on many factors, including how much debt you have, how well you’re able to pay it, and the kind of debt. Too much debt is bad if it leaves you struggling to pay your monthly bills and affects your credit utilization ratio.

You have many options for dealing with debt and managing its impact on your credit. Explore to find out the impact of debt consolidation on your credit, how your spouse’s debt can impact your own credit, and whether or not you can remove existing debt from a bankruptcy.

What is a secured credit card and will it help my credit?

August 2, 2016

Dear Experian, I don’t have enough credit history to generate a score, so I got a secured card with a $500 limit.  I have been making small charges, less...

Score Didn’t Improve After Bankruptcy Removed

July 17, 2016

Dear Experian, I recently had a bankruptcy removed from my credit report, but it didn't change my score. When or how do you update the credit score? - PLM

Rumor to Leave Accounts Open is Correct

July 17, 2016

Dear Experian, My husband and I have several credit cards, all with limits under $1,500.00. We wanted to pay off and close the high-rate cards we don't use, because we...

Should You Cancel Credit Cards You Don’t Use

July 17, 2016

Dear Experian, How do you get rid of too many credit cards even if you haven't used them for years? Also, some credit card companies are charging fees. How do...

Removing Bankruptcy From Your Credit Report

July 14, 2016

Dear Experian, It's been just about 10 years since my bankruptcy was been discharged. How do I go about getting it removed from my credit report? - ENZ

How Long Before Paid Credit Cards are Updated

July 14, 2016

Dear Experian, I just paid off a lot of my credit card debt. When will I see it take effect on my credit report? - DUK

When Chapter 7 Bankruptcy is Deleted

July 14, 2016

Dear Experian, Does a Chap 7 bankruptcy drop off the report 10 years after filing date or the discharge date? - DGM

When to Close Credit Cards with Zero Balance

July 13, 2016

Dear Experian, I am thinking about cancelling a few credit cards that have a zero balance that I don't use but have a great payment history with. How will this...

Going over the Limit on Your Credit Card

July 12, 2016

Dear Experian, What happens if your credit card goes over your limit? What are the best options in your opinion? - JNT

Remove Authorized User Accounts from Credit Report

November 23, 2015

Dear Experian, Is an authorized user responsible for the debt? If an authorized user is removed from the credit card, can the credit card also be removed from the...

When is Bankruptcy Removed from Your Credit Report

January 4, 2015

Dear Experian, I filed bankruptcy in 2005. It is still showing on my credit report – in 2014. How do I get it removed? - ...

Impact of Authorized User vs. Joint Account

September 21, 2014

Dear Experian, I added my roommate onto my credit card and lost my job. I had difficulty paying it off and it was closed. Now, her credit has been affected....