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Student loan will appear on cosigner’s credit report as well as the student’s

Dear Experian,

If I cosigned for a student loan, will the loan balance show on my credit report, or it will only show on the student’s credit report?

– CSY

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Loan modification could hurt your credit scores depending on how it is modified

Dear Experian,

I am interested in a modification on my mortgage loan. I would like to modify my repayment When I asked the bank if a modification would negatively impact my credit scores, I was told that it may be reported to the three credit reporting companies, but that the impact to my credit scores would be up to you. Would a modification, lower monthly payments or deferred payments lower my credit scores?

– RYR

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Removing a fraud alert after verifying you are not a victim

Dear Experian,

Is it a problem if I do not remove a fraud alert once I have confirmed that no breach was possible? Or do I have to remove the alert? I assume having the alert for 90 days is OK since I can prove who I am and do not expect to apply for any new credit.

– AJY

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Violating rental agreement could ruin your credit

Dear Experian,

Could a violation of a rental agreement ruin my credit even though I don’t owe any rent?

– MST

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“Paid in full” charged off account is better than “settled for less than owed”

Dear Experian,

If you have a charged off account, is it better for it to show “paid in full” or “settled for less?”

– JMN

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Secured credit card can help build credit history and credit scores

Dear Experian,

A bank has a new credit card for those with poor credit. They say you have to put down a $300 deposit, and after that deposit they’ll give you the card. The bank told me it will help me bring up my credit score. Is that true?

– ERL

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Why closing a credit card can hurt your credit scores

Dear Experian,

Why does closing a credit card you are no longer using negatively affect your credit?

– VNO

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Bankruptcy will show in your credit report even though it was dismissed

Dear Experian,

We filed for Chapter 13 Bankruptcy in June 2009. The Bankruptcy was never approved or discharged, but was dismissed a few months later. We dealt with all of our creditors individually after that. Does the Chapter 13 stay on our credit report even though it was never approved by the court?

– DLV

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Transferred/closed student loan history still affects credit scores

Dear Experian,

I recently filed a dispute to get the status of my federal student loans changed. They were reported as delinquent because of missed payments. However there was a forbearance put on the account, and after the dispute, the status was updated to transferred/closed. Should my score improve with this update?

– CMW

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Not enough activity to generate credit score

Dear Experian,

Recently we were told my husband’s credit report with Experian was not reporting and that his credit score is not available. We received a message that says “Factor 9002, Risk Score not available due to model exclusion criteria.” What do we need to do to correct this?

– RCH

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