Report Advice

Repossession remains seven years and can affect credit scores for the entire time

Posted on Sep 14 2011 by

Dear Experian,

How long does a repossession reflect on your credit report, and how does it affect your credit report?

- MMY

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Being turned down for credit does not hurt credit scores

Posted on Sep 14 2011 by

Dear Experian,

I was told that every time you get turned down for credit that your score goes down. Is this true?

- STI

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Credit reports not established based on age

Posted on Sep 14 2011 by

Dear Experian,

At what age does the credit bureau start reporting credit history?

- RCU

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Use cards a little and pay balances in full to build credit

Posted on Sep 14 2011 by

Dear Experian,

I am trying to rebuild my credit. Is it better to keep a zero balance on the credit cards that I have recently paid off or keep a small amount and pay them off each month? I still have some credit cards that have a balance on, which I plan on paying off completely. I would just like to know the best way to raise my credit score.

- LLO

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New Internet site helps employers increase their employees’ credit knowledge

Posted on Aug 31 2011 by

Dear Readers,

According to research by the Personal Finance Employee Education Foundation (PFEEF), as many as 80 percent of employees spend work time dealing with financial issues, costing companies as much as 20 hours a month in lost productivity.

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Finding out what accounts are hurting your credit

Posted on Aug 31 2011 by

Dear Experian,

How can I find out what accounts are hurting my credit?

- RBR

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Opt out of debt, not credit reporting

Posted on Aug 31 2011 by

Dear Experian,

I want to opt out of all credit reporting. Can I do it?

- CPR

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Updating bankruptcy information

Posted on Aug 31 2011 by

Dear Experian,

After a bankruptcy discharge the creditors usually update their entrances, so the debt shows as discharged in bankruptcy. However, they don’t always do that. Can I send you a copy of my discharge and the list of creditors so the report can be updated?

- ETT

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Free report for loan declination does not restart clock for FACT Act free report

Posted on Aug 17 2011 by

Dear Experian,

I pulled a credit report because of a declined application. Does that restart the clock for the annual report, or are they separate events?

- WLS

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Student loans listed as “transferred” after being consolidated

Posted on Aug 17 2011 by

Dear Experian,

My student loans were consolidated into a new loan. Both the new loan and all of the old loans are on my credit report. The old loans say transferred. Should they be closed as well?

- DSH

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Removing authorized user accounts after a breakup

Posted on Aug 17 2011 by

Dear Experian,

I broke off a relationship in October 2009 where I was an authorized user on several credit cards. My ex-girlfriend told me she removed me as authorized user. Can I get those accounts deleted off my credit report since I am not legally responsible for those debts? If so, how do I go about doing it?

- IMM

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You cannot dispute a credit score

Posted on Aug 17 2011 by

Dear Experian,

Can I dispute the score? I have a creditor that hasn’t reported me current on several opened accounts. I show current with Experian and one of the other credit agencies but there is no account data with the third. I show the lowest score from them.

- NTA

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How long it takes for a $0.00 balance to show in your credit report

Posted on Aug 03 2011 by

Dear Experian,

How frequently is one’s credit record updated? If I paid off an old debt and want my credit report to reflect a $0.00 balance, how long does it take to show up? How can I speed along the process?

- SAL

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Voluntary repossession remains on credit report

Posted on Aug 03 2011 by

Dear Experian,

How do I get a voluntary repossession off of my report? It has been three months and the credit union has since sold the car.

- OTT

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Declination notice received after withdrawing loan application

Posted on Aug 03 2011 by

Dear Experian,

I withdrew an application for credit from a national bank on the same day of my request. They still sent me the packet, and then several days later they sent me a declined notice. Does this affect my credit score?

- CHR

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Deleting a mortgage after divorce

Posted on Aug 03 2011 by

Dear Experian,

I have been divorced over one year. My ex-spouse was awarded the house and all bills that she has with that house. I want that off my credit report. What has to be done to correct this problem?

- PRE

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CPS documents helpful in fraud by mother against child in foster care

Posted on Jul 20 2011 by

Dear Experian,

I have received a few inquiries involving debt owed to companies. I am 21 now, and the cases were for bills from 2004 till 2008. I was 14 at the time and in foster care. I am positive it was my mother, and I have letters from the government stating I was in Child Protective Services custody. Is this enough to dispute the charges?

- CTC

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Paid debt not deleted immediately; documentation not necessary for removal

Posted on Jul 20 2011 by

Dear Experian,

If you pay off a debt does it get taken off of your credit report with in a month? How does it get removed? Do you have to show proof of payment such as writing a letter?

- RDA

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Report number from your personal credit report essential for receiving assistance

Posted on Jul 20 2011 by

Dear Experian,

What is my credit report number? I need it so I can speak to someone live.

- MIN

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Reestablishing credit after moving from Canada

Posted on Jul 20 2011 by

Dear Experian,

I recently moved here from British Columbia, Canada, and when I apply for a credit card here you deny it because you say my credit information is not available. How may I make my Canadian credit record available to you so I may start a credit history here with an American credit card?

- LLY

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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

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Tampering with mail is a federal crime and fraud risk

Posted on Jul 06 2011 by

Dear Experian,

Lately, someone has been tampering with my family’s mail. Mail pieces that contain card-like shapes have been rubbed down so that an impression of the card shows through on the outside of the envelope, and the mail piece containing my wife’s renewed driver’s license arrived opened (or at least unsealed). What should I do?

- YSS

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Past delinquencies are deleted, and you are the best person to restore your credit

Posted on Jul 06 2011 by

Dear Experian,

Are past delinquencies that have been paid off ever removed from the credit report? Also, do you have someone that you recommend for cleaning up credit?

- WHI

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Experian does not review loan documents or notify credit repair firms to call consumers

Posted on Jul 06 2011 by

Dear Experian,

I received a call from a law firm in Florida. They explained to me that Experian had notified them that you had reviewed my loan documents and that there were some errors in these documents and for a fee they would act on my behalf and inform the mortgage holder that they had 20 days to remedy said errors or missing info in the loan documents. They claimed once the letter was received by the mortgage company I would no longer have to make payments or repay these payments until an agreement had been reached with the lender to reduce my interest rate or even my principal if my house was under water. These missed payments would not affect my credit and the loan would be considered under dispute. They call what they do “Affirmative Mortgage Defense.” Is this a scam? Would Experian ever contact a law firm? This sounds way too good to be true!

- SHO

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Paying off old accounts is first step in credit recovery

Posted on Jun 22 2011 by

Dear Experian,

Am I gaining anything by paying off old accounts on my reports?

- DMB

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