Featured

Paying off debts is just the first step in restoring your credit scores

Posted on Jul 06 2011 by

Dear Experian,

I just paid the last bill off my credit in May of this year. If there is nothing else for me to pay how does my credit score increase?

- ABR

Read more

Consider entire financial picture, not just credit scores, when deciding whether to close accounts

Posted on May 25 2011 by

Dear Experian,

I have many small revolving store credit cards with no balance on them. How can I close them without it hurting my credit?

- ENB

Read more

Purchasing your own scores will not hurt future credit scores

Posted on May 25 2011 by

Dear Experian,

I obtained my free annual credit report a few days ago, but didn’t purchase the score. I am not interested in obtaining the score. If I purchase a credit score does it give my credit a double hit? Also, when you obtain your score, does your score get lowered, and if so by how much?

- MHO

Read more

Choosing between a motorcycle and an engagement ring

Posted on May 11 2011 by

Dear Experian,

I have been rebuilding my credit and would like to purchase a motorcycle and an engagement ring. If I apply for credit and get denied will my credit score go down and how long will the two remain on my credit report?

- ENB

Read more

Risk and reward when adding brother as an account holder

Posted on Apr 27 2011 by

Dear Experian,

I have good credit. My brother’s credit is bad due to the recession and losing his job. I am letting him use my credit card, which he is paying on time. What would happen to my credit scores if I added his name and info to my credit card? What would happen to his credit scores?

- LMT

Read more

Why credit scores change even with little account activity

Posted on Mar 31 2011 by

Dear Experian,

Why does my credit score jump around so much when I don’t have much activity?

- SGD

Read more

Paying off a debt early won’t help credit scores

Posted on Mar 16 2011 by

Dear Experian,

I have a friend who took out a personal loan just so she could build up her credit. She’s nearly 40 with no credit. She still has six months of payments to make on it. I was wondering if it is bad to pay it off early or does that help her?

- JNS

Read more

Test your credit score knowledge at CreditScoreQuiz.org

Posted on Mar 02 2011 by

Dear Readers,

VantageScore Solutions, a company that produces a credit score developed as a joint venture among the three national credit reporting companies and Consumer Federation of America an association of non-profit consumer organizations established in 1968, just announced the results of a survey that gauged consumer awareness of credit scores and recent changes to the credit scoring industry.

Read more

Paying everything off may not improve scores immediately

Posted on Feb 16 2011 by

Dear Experian,

I have paid everything off, except for one dispute. Why has my credit score not improved?

- RRD

Read more

The meaning of “satisfied” and its affect on credit scores

Posted on Feb 16 2011 by

Dear Experian,

What does satisfied mean on your credit report and does it help your credit rating?

- PST

Read more

How often to purchase your credit scores

Posted on Jan 05 2011 by

Dear Experian,

How often should you check your credit score?

- AAN

Read more

Inquiry for credit line increase could impact scores, but is not the only issue

Posted on Dec 22 2010 by

Dear Experian,

If I ask for a credit line increase on my credit card, part of the credit card process is to do a credit check with Experian. Does this type of credit inquiry affect my credit score?

- RYC

Read more

Why you can’t retrieve a credit score from last year

Posted on Dec 08 2010 by

Dear Experian,

Can I see what my score is now and what it was last year?

- LOU

Read more

Bankruptcy has greatest impact on scores, collections a close second

Posted on Nov 24 2010 by

Dear Experian,

What is worse, having several credit cards in collection or having a bankruptcy on your credit report?

- JUA

Read more

Rebuilding credit after job loss

Posted on Nov 24 2010 by

Dear Experian,

I lost my job two years ago and have had a bad patch paying my bills. My credit score dipped substantially. I managed to get on plans with my late accounts and am on track to be debt free in about three years. Can my score ever improve?

- THO

Read more

Why high school students do not have a “beginning credit score”

Posted on Nov 24 2010 by

Dear Experian,

I teach seniors in high school. They want to know what a beginning credit score would be if you’ve just turned 18 and you are applying for your first credit card.

- RRY

Read more

Getting your personal report does not affect credit scores

Posted on Nov 10 2010 by

Dear Experian,

Does it affect my credit score if I pull my own credit report more than twice a month?

- LAK

Read more

Paying off all debts will help scores in the long run

Posted on Nov 10 2010 by

Dear Experian,

I was told by a realtor that paying off everything on my report will cause my score to drop. Is this true?

- STM

Read more

Pre-paid cards will not help credit scores

Posted on Oct 27 2010 by

Dear Experian,

Is there a pre-paid credit card company that I can use to help improve my credit score?

- MBM

Read more

Deciding whether to cosign a car loan for your son or daughter

Posted on Oct 13 2010 by

Dear Experian,

My son has less than perfect credit but was told by his bank he could get a car loan with a co-signer. I have extremely high scores and do not want them lowered for any reason under my control. Assuming all of his loan payments are made on time and the loan always remains current, will this negatively affect my credit scores?

- BOA

Read more

Paying credit card bills early doesn’t hurt scores

Posted on Jul 21 2010 by

Dear Experian,

Does paying credit card bills ahead of time hurt your credit scores?

- AVE

Read more

Score didn’t improve after bankruptcy removed

Posted on Jul 21 2010 by

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

Read more

Opting out of preapproved offers does not help credit scores

Posted on May 12 2010 by

Dear Experian,

Does opting out of preapproved mail offers raise my credit score?

- RTU

Read more

Effect of multiple mortgage applications

Posted on Apr 28 2010 by

Dear Experian,

Will it affect my credit score if get I get a mortgage pre-approval letter from more than one bank? If it does how much would it affect my score? Also, will it affect my score, if I check my credit score with you guys?

- UYI

Read more

Impact of missing one mortgage payment

Posted on Apr 28 2010 by

Dear Experian,

I admit I was late on one mortgage payment in 30 years, and my credit dropped 52 points. Is that normal for the credit industry, and am I stuck with that for seven years on my credit? Is a dispute allowed on this or not?

- PWR

Read more

  • ©2014 Experian Information Solutions, Inc. All rights reserved.