In the status category what does “closed/current” mean? If an account was closed it should be closed right? I just do not understand why some just say “closed” and others “closed/current.”
Some people are saying a “short sale” is better than a “foreclosure” on a credit report, but is that true? Don’t both circumstances drop the credit score significantly?
I received a call today from my credit card company trying to sell me their credit fraud protection program, and she told me that whenever I order my free annual credit reports allowed by law that my credit scores are negatively impacted each time. Is this true? I went online to the Federal Trade Commission website to verify her claim but there was no mention of the impact to the credit score when using this program, only that it is free from each credit agency annually.
What is a Social Security number variation? When looking up my personal information on Experian, a number came up under “Social Security number variation.” The number that came up was nothing close to my Social Security number.
I am considering a voluntary vehicle surrender. What ramifications can I expect, both financially and on my credit report and credit scores if I agree to surrender my vehicle to the creditor?
What is the difference between a “Plus” score and a “FICO” score? On a June credit report from Experian my Plus score was 790 (330-830), while my FICO score with Experian was 889 (300-850). I realize both scores are excellent, but I would like to understand it further.
How long do public records – tax liens specifically – stay on your credit report? One source I checked says seven years after the date of filing but another source says seven years from the date paid.
I recently asked my landlord to end my lease early. Her response was, “You must pay your lease, and as you contracted. Or, you can suffer severe credit damage.”
Is this true? Can she make a report to Experian and the other credit bureaus that will post to my credit history?
I disputed an account on my credit report. It came back “updated,” and on the status shows “closed.” Then it states, “account closed by grantor’s request.” Does this mean it is closed and I don’t have to pay that account, or does it mean something else?
In the long run, will my credit be more positively affected if I pay off collection agency debt in full as opposed to accepting and paying a settlement amount?
Is it true that when you get married you automatically inherit your spouse’s bad debt or bad credit and does it show on your credit report? I have a close friend that said that is exactly what happened to him. I seriously doubt him, but just the same I need to know the truth. I will be marrying soon and was wondering if I should be concerned due to my future spouse’s “bad debt.”