Report Advice

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

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You can submit disputes anytime online or by telephone

Posted on Apr 13 2011 by

Dear Experian,

Can I dispute incorrect information at anytime online?

– EWA

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“Overdraft/reserved checking account” is a collection account

Posted on Apr 13 2011 by

Dear Experian,

I work in my company’s Human Resources department, and our consumer reporting agency uses Experian to obtain credit reports. We have recently seen the term “Overdraft/Reserve Checking Account” on credit reports and are not familiar with what that means. Our consumer reporting agency told us to contact you. We only see it when the account is not in good standing.

– EGR

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Public records that can appear in your credit report

Posted on Apr 13 2011 by

Dear Experian,

What kinds of public records can be part of a credit report? How often are they updated, and if I have a paid public record on my credit report, how do I get it taken off?

– AMB

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Increase your credit knowledge during Financial Literacy Month

Posted on Apr 13 2011 by

Dear Readers,

Increasing your knowledge is the key to unlocking financial success. Recent studies show there’s room for improvement when it comes to our understanding and application of financial fundamentals

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How soon banks report new accounts

Posted on Mar 31 2011 by

Dear Experian,

How soon do banks have to report new credit loans to the reporting agencies?

– MLC

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When foreclosure is added to a credit report

Posted on Mar 31 2011 by

Dear Experian,

When is foreclosure listed on credit report, at the date of sale, at the end of the foreclosure process or at the redemption date?

– ABR

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Mortgage holder must make payments even if not living in house

Posted on Mar 31 2011 by

Dear Experian,

If my name is on the mortgage but my parents lived in the house and were delinquent on payments is there any way I can show that it wasn’t me living in the house and that they were the ones that were making the payments?

– JLC

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Which accounts to start paying off when you have bad debts

Posted on Mar 16 2011 by

Dear Experian,

How do I know which debts to go after to reduce my bad credit?

– EBT

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Eviction will remain on your report after paying collection or judgment

Posted on Mar 16 2011 by

Dear Experian,

I have an eviction on my credit that I’m about to pay. What will it say on my credit report? When I go get another apartment will that appear?

– AYV

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Employer requesting your full Social Security number to access your credit report

Posted on Mar 16 2011 by

Dear Experian,

I have a possible future employer that wants my full Social Security number to pull my credit report. Can they do it without my full number? I have been a victim of ID theft so am very cautious about doing so. What type of information will they see? Will it be another bump on my credit?

– SUS

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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

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Sending change of address to Experian not necessary

Posted on Mar 03 2011 by

Dear Experian,

Do we need to do a change of address when moving?

– EVC

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Updating employer listing on your credit report

Posted on Mar 02 2011 by

Dear Experian,

How does an employer report a job history to Experian?

– BZI

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Divorce decree does not remove contractual responsibility for debt

Posted on Mar 02 2011 by

Dear Experian,

My ex-husband took over a credit card with my name on it in the divorce, and it was also stated as such in our divorce decree. He has quit paying it, and it has been charged off. How can I get that off of my reports as I no longer was responsible for it after the divorce, which took place in August of 2009?

– EHI

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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.

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Rent payments may now be part of your Experian credit report

Posted on Feb 16 2011 by

Dear Experian,

Can an apartment put your rent on your credit report as an installment payment like they do with a car payment?

– YES

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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

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Good saving habits and good credit go hand-in-hand

Posted on Feb 16 2011 by

Dear Readers,

February 20-26 is America Saves Week. But why talk about saving in a credit advice column? The answer is that savings and good credit go hand-in-hand. You can’t have one without the other.

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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

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Collection accounts may be for more than original debt

Posted on Feb 02 2011 by

When an account has been purchased by another lender, or transferred to another lender, and the new lender starts collections on the account, can the “Credit limit/Original amount” that is been recovered be higher than the amount shown on the credit report? This amount has not changed from the original lender to the new one.

– CTR

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Adding new spouse as authorized user can help build credit history

Posted on Feb 02 2011 by

Dear Experian,

My wife had no credit history before we were married. I set her up as authorized user for a couple of my frequently used credit cards. Does this help her build up her credit history?

– HNA

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Marriage will not affect your credit monitoring service

Posted on Feb 02 2011 by

Dear Experian,

If I get credit monitoring for myself for all three credit bureaus, how is that impacted if I am married?

– YSK

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Accounts deleted after dispute could be returned to your credit report

Posted on Feb 02 2011 by

Dear Experian,

I disputed an account and it was deleted because the lender didn’t respond in time. I just got a letter saying they are putting the account back on my report. Can they do that?

– RLG

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Why banning access to credit for students is a bad idea

Posted on Jan 19 2011 by

Dear Experian,

I currently have no credit history and graduated from college last year. I have applied for two credit cards four months apart and got denied for both due to insufficient credit references and revolving credit accounts. I really want to establish my credit for the future. What can I do to get approved the next time? Also, is there anything else I can do to start building my credit?

– ASA

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