Dear Experian,

I just graduated and read somewhere that the higher your education the higher your score. How do I inform Experian to add my bachelor’s degree completion?

- FNS

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Dear Experian,

Does disputing information with Experian cause credit scores to lower?

- MIL

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Dear Experian,

What happens if your credit card goes over your limit? What are the best options in your opinion?

- JNT

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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 credit report? I also read somewhere that credit bureaus will not take into account authorized users for credit scores. Is that true?

- CHS

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Dear Experian,

I was under the impression that if you sought after a specific type of loan, such as an auto loan, within a 10 day time frame that it would only post on your report once. However, one car dealer hit my credit three different times for the same auto loan application. Why are all three on my report?

- KIR

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Dear Experian,

My husband died on July 10, 2009. I am closing out nearly all the credit cards he had. How will that affect my credit score?

- PRE

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Dear Experian,

If I pay off a negative account on my credit report, will it be removed from my credit and raise my score or will it remain on there seven years and not change my score? How does this work?

- TYK

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Dear Experian,

Will paying off and closing a credit card hurt my credit score?

- IND

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Dear Experian,

If a person cosigns a student loan for a college student, how does it affect their credit? Does the amount of the loan get included in their debt-to-income ratio?

- CHA

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Dear Experian,

We have looked at a foreclosure property and have submitted an offer. Our mortgage credit score was 820. The problem is that the bank is handling the foreclosure sale as an auction, so I have no idea where we stand since there are several bidders. If we don’t get this property then we will need to have our credit checked later by another bank. How will these two checks affect my credit score?

- WKI

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Dear Experian,

I am trying to buy a house, and my credit score just needs to go up by one point. The only credit I have is a credit card with a $900 balance and $1,500 limit. If I pay it down to $500 would this raise my score?

- NDR

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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 decision on my part affect my credit scores?

- ABF

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Dear Experian,

I’m asking my bank to do a loan modification on my mortgage. They said that I need to be 30 days late on my payment in order to do the modification. Is this going to damage my credit?

- RBL

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Dear Experian,

I had a credit report and score run. My score is 687. The report said my risk grade is “D” (Non-Prime).What does the risk grade mean? Is “D” good or bad.

- OVE

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Dear Experian,

Is it true that my credit is going to be trashed once I join in a debt management program?

- NLI

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Dear Experian,

My credit is spectacular! One card has decided to lower my credit limit. I have never been late for any cards and all have been paid off. Will this hurt my score?

- DRU

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Dear Experian,

Do balances on my business credit cards affect my personal credit scores?

- SCO

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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 were told by a car dealer that even if the card with a high balance is paid to a zero balance, the fact that it is still open and “available” credit for using will hurt our scores. On the contrary, I have heard a rumor that closing a credit card looks bad. What’s the truth in this?

- EPH

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Dear Experian,

I’ve heard that subscribing to a credit service that checks my credit daily or weekly can negatively impact my credit score. Can you tell me if having these non-agency credit monitoring agencies can put me in any jeopardy?

- LCI

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Dear Experian,

I run an auto dealership that sells luxury automobiles. I understand that multiple inquiries within a “shopping” timeframe do not hurt an individual’s credit score. Can you explain what the time frame is and any other tips we can pass along to our customers?

- LLS

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Dear Experian,

There are numerous credit checks performed by credit card companies I’m not active with. Does this lower my score?

- JRR

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Dear Experian,

I cosigned for a car for my stepson. I thought that if he didn’t pay I would be responsible for the loan, and I was fine with that. What I didn’t realize is that if he was late with his payment, my credit would be affected. I had a credit score of 803 when I signed. He missed payments, and now my credit score is lower. Even though this is not my loan, will my credit report be affected for seven years? Is there a way to correct this?

- LPH

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Dear Experian,

I have a “B” rating with an 838 score. Is this regarded as a good score?

- EFF

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Dear Experian,

Your creditor raises your credit limit. As a consumer, you are not comfortable with the increase, and you would like to lower the credit limit. What impact does this have on the consumer’s credit score?

- YLO

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