Report Advice
What you need to know about this crucial financial document

Why a credit score by itself is meaningless

Posted on Feb 05 2016 by

Dear Experian,

I have a credit report and a score of 785. So what? I haven’t been able to ascertain what the “grading scale” is. Any help?

– STO

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College student facing eviction when roommate violates lease

Posted on Sep 10 2013 by

Dear Experian,

My daughter – a college student – may be evicted from her apartment due to her roommate violating the lease. If this happens how will it affect my daughter, and will she have any recourse?

– JAG

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Getting married when your girlfriend has declared bankruptcy twice

Posted on Sep 11 2013 by

Dear Experian,

I’m planning to ask my girlfriend to marry me. However, I just found out she has filed for both chapter 7 bankruptcy, in 2000, and chapter 13 bankruptcy, in 2008. I’ve been told this not good for our future and that it will affect my credit if we do get married. Any insight would be helpful.

– CWC

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The difference between the three national CRAs and credit scores

Posted on Sep 10 2013 by

Dear Experian,

What are the differences between the three national credit reporting agencies: Experian, Equifax and Trans Union? Is the credit reporting different, and why are the credit scores different?

– XOB

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Changing name when married won’t link you to his bad credit

Posted on Sep 11 2013 by

Dear Experian,

I’m getting married next week and am wondering if I should take my husband’s last name. His credit is not quite good, while mine is very good. If I take his last name, what will happen to my credit history? Should I have a joint account with my husband? What is the best way for me to protect myself from having problems from changing my last name?

– BBY

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The difference between default and bankruptcy

Posted on Sep 10 2013 by

Dear Experian,

Which is the lesser of two evils, bankruptcy or default?

– DBU

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Credit report may be hurt by joint lease, utilities with roommates

Posted on Sep 11 2013 by

Dear Experian,

My daughter is in the process of looking for a new apartment and obtained a copy of her credit report. She found her credit is “fair.” She also found her roommate’s name, Social Security number, rental history and other information listed on the report. This was quite shocking to my daughter. She is very upset. They each signed a year’s lease which expired a few months, ago. They are now on a month-to-month basis. She knows her roommate is frequently delinquent on her bills. In particular, she knows this is true in regard to their monthly rent. My daughter pays her portion on time.

Why is my daughter’s roommate listed on my daughter’s credit report? What part of the roommate’s financial life, if any, comes into play on my daughter’s credit score? How long will the roommate’s financial history and habits reflect on my daughter’s report? How can my daughter become a single entity as far as her credit is concerned?

– RBH

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Settling accounts will hurt credit scores

Posted on Sep 10 2013 by

Dear Experian,

I have an unsecured loan of $10,000 and the loan company has offered me a settlement of $5,000. It I take this settlement, will it affect my credit score?

– TPF

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There is no limit on the number of credit cards you can have

Posted on Sep 11 2013 by

Dear Experian,

How many credit cards can I have? I have eight credit cards. I opened all of them within the last year (total $6,500), plus a loan for a car ($16,000). I am a housewife. My husband pays all my bills on time, but he keeps asking me to get new credit cards. I wonder if it’s damaging my credit history or my credit score. Also, is it shown on my credit report if I apply for a credit card and I do not get approved?

– ARY

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Paying credit card debt with an installment loan

Posted on Sep 10 2013 by

Dear Experian,

Do I save money if I pay my credit cards off with a loan that has a lower APR with a fixed installment payment, or is it better to continue to pay the highest APR credit card until it is paid?

– MYR

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