Report Advice

The impact of foreclosure on your credit report

Posted on Aug 20 2013 by

Dear Experian,

With all the real estate and mortgage problems today I am sure this question has come up before. But, for some reason I can’t find any information on any of the credit bureaus websites. How do the credit bureaus look at a foreclosure on a person’s credit report? Is it as bad as a bankruptcy? How many years does it take for it to go off the credit report?

- LLE

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One inquiry can be “too many”

Posted on Aug 20 2013 by

Dear Experian,

I am confused as to why I have only one inquiry on my report but all three bureaus say “too many inquiries last 12 months.” Is this affecting my score very much? Even if it is not, why are they using that as part of their scoring system for me?

- MOR

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Separating credit reports of father and son

Posted on Aug 17 2013 by

Dear Experian,

How do you go about repairing credit when it has been commingled with your son? Both father and son have the same name.

- ILB

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Credit scores and your home equity line of credit

Posted on Aug 17 2013 by

Dear Experian,

Will using up your entire home equity credit line count negatively on your credit report and score even if you are never late on your payments?

- GGI

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Tax liens and credit scores

Posted on Aug 17 2013 by

Dear Experian,

I have a tax lien on my credit report. I know it isn’t mine. It belongs to a relative that was living with me. I am having it removed as we speak. I was wondering about how many points does this affect my credit score on average?

- MWA

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How to find out who has looked at your credit report and why

Posted on Aug 16 2013 by

Dear Experian,

I got a call from Sallie Mae telling me someone had pulled my credit report. How do I find out who that was and why?

- TDO

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FCRA restricts who can get your credit report

Posted on Aug 16 2013 by

Dear Experian,

Who can access my credit report? Do they have to have my permission? Is there anything you can do to prevent someone from accessing my credit report?

- NNH

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What happens to your credit file when you die

Posted on Aug 16 2013 by

Dear Experian,

What happens to your credit file when you die? Does the file get closed right away, or does it stay open for a period of time?

- THB

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Why it is important to establish credit when you are young

Posted on Aug 16 2013 by

Dear Experian,

Why is it important to establish credit while you’re young? If I don’t establish any credit will it affect my future and why?

- OZY

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The effect on credit scores when you check your own credit report

Posted on Aug 16 2013 by

Dear Experian,

How often can I check my own credit without getting dinged for it? I do not want to affect my credit scores by over-checking.

- NDQ

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Time limits for collection agencies to collect a debt

Posted on Aug 16 2013 by

Dear Experian,

What is the time frame that collections agencies can go after their money?

- TRA

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Balance-to-limit ratio applies only to revolving accounts

Posted on Aug 16 2013 by

Dear Experian,

Does the balance-to-limit ratio only apply to credit cards, or does it apply to installment loans, such as student loans or auto loans, as well?

- NDR

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The meaning of “too few accounts paid as agreed”

Posted on Aug 16 2013 by

Dear Experian,

My credit score came back with a statement saying, “too few accounts paid as agreed.” I was wondering what that means since I have never paid an account or bill late.

- CHW

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How long it takes for scores to go up depends on your overall credit history

Posted on Aug 16 2013 by

Dear Experian,

How long after negative information is removed will it take for your credit score to go back up? When viewing your credit report, can a business see if you have been denied credit?

- FSU

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How disputed information is updated with other credit reporting agencies

Posted on Aug 16 2013 by

Dear Experian,

If one credit agency deletes a record because my dispute was favorable; how does that get reported to the other agencies, or does it? Do I send a copy of the result of investigation to the others so they can remove the unfavorable item?

- KVI

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Employer listings on your credit report

Posted on Aug 16 2013 by

Dear Experian,

I used Quizzle.com to see my Experian credit report. You have my current employer incorrectly listed. The employer you show was a couple of jobs ago, and I work for a completely different company now. How significant is this? Should I request you update your records? Will I harm my credit standing by making such a request?

- CKC

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The impact of paying a collection account on credit scores

Posted on Aug 16 2013 by

Dear Experian,

Does settling a debt that is showing negative on my credit report as a “collection”, get removed from my report as soon as it is paid? Does paying this debt help raise my credit score?

- ONY

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The difference between “closed” and “paid in full”

Posted on Aug 15 2013 by

Dear Experian, Some of my accounts that are paid in full show “closed” instead of “paid in full.” Does this hurt my credit rating? If my account is paid in full but did have delinquent payments throughout the term of the loan, can it be deleted seven years from the original delinquency date? – OGG […]

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U.S. credit history will not transfer to Canada

Posted on Aug 14 2013 by

Dear Experian,

I am a citizen of both the U.S. and Canada. I currently reside in the U.S., but I plan to move with my family back to Canada. Will my United States credit history transfer to Canada? Are there credit card companies that offer accounts that will transfer from the U.S. to Canada?

- JST

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How ex-husband’s address appears on your credit report

Posted on Aug 14 2013 by

Dear Experian,

After viewing my credit report, I saw that two addresses are addresses where I have never lived. They are addresses of my ex-husband. How do they get on my report?

- TTO

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Adding a statement explaining collection accounts to your credit report

Posted on Aug 14 2013 by

Dear Experian,

Can I include a letter in my credit report to explain a charge off or collection?

- SMB

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Small claims judgments are reported to credit bureaus

Posted on Aug 13 2013 by

Dear Experian,

I am a landlord that has been awarded a small claims judgment in excess of $5,000. Can this be reported to a credit bureau, if so how?

- RDT

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Using checks from your credit card company

Posted on Aug 13 2013 by

Dear Experian,

Is it wise to use checks that your credit card company sends you stating that you can use them anyway you please?

- VPJ

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The impact of credit counseling on credit scores

Posted on Aug 13 2013 by

Dear Experian,

How does credit counseling affect credit scores, and will credit counseling result in damage to one’s credit report or score?

- AKN

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Landlords can share credit reports with tenants

Posted on Aug 13 2013 by

Dear Experian,

Can a landlord show a prospective tenant a copy of their credit report? Can a landlord give a prospective tenant a copy of their credit report?

- REB

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