Authorized user accounts could factor in to credit scores

Posted on Apr 24 2013 by

Dear Experian,

Do items on my credit report in which I am listed as an “authorized user” contribute to my score?

- DRH

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Multiple mortgage inquiries treated differently by most scoring models

Posted on Apr 24 2013 by

Dear Experian,

Is it true that if more than one mortgage lender requests my credit report within 30 days, it will show up as only one hard inquiry on my credit report?

- BSL

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Key to improving scores is making payments on time, not hiring credit repair

Posted on Apr 24 2013 by

Dear Experian,

I paid a credit repair specialist $1,800, and seven months later my score has only improved a little. I need help to improve my score. Can you guide me?

- DSG

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College student declined for first credit card

Posted on Apr 24 2013 by

Dear Experian,

My daughter is trying to get her first credit card as a college student. They have denied her based on a credit report from you. How can a student that has never had any credit of any kind have a negative credit report?

- RYT

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Being unemployed will not hurt scores if bills continue to be paid on time

Posted on Apr 10 2013 by

Dear Experian,

Will a period of unemployment hurt my credit scores?

- JNO

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Utility company may decline aplication to transfer account wife from husband

Posted on Apr 10 2013 by

Dear Experian,

Why was I turned down when I asked to remove my husband’s name from our electric bill and place it in my name instead? The electric company told me to contact Experian to see why there was a “hold.”

- SRH

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Resolving disputes with credit bureaus when you disagree with results

Posted on Apr 10 2013 by

Dear Experian,

I disputed items on my credit report and they were deleted by the other credit reporting companies, but not Experian. The results say it was considered verified. How is it possible that there are different results? I know that these are errors. What steps should be taken?

- MSA

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College savings account won’t appear on credit report or risk child’s identity

Posted on Apr 10 2013 by

Dear Experian,

If a family member were to open college savings accounts in my children’s names, would that appear on a credit report? I’ve had to deal with identity errors with my husband, and I’m concerned that my sister would do this using her address and mess up my kid’s identities.

- CLE

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Updating the mailing address on your credit report

Posted on Mar 27 2013 by

Dear Experian,

I don’t have any open credit accounts, so how do I inform Experian of my new home address?

- VLK

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Lender may choose not to report a credit account

Posted on Mar 27 2013 by

Dear Experian,

I just reviewed my credit report and found that a significant credit purchase was not listed. All my payments were made on time. Can this be reflected in my credit report?

- BLR

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Ordering your own credit report won’t hurt your credit scores

Posted on Mar 27 2013 by

Dear Experian,

Is there any way I can check my credit score without it hurting my score? How much does it hurt me to order my credit score?

- KWS

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Using employer tax ID number won’t fix bad credit

Posted on Mar 27 2013 by

Dear Experian,

Can I use my employer tax ID number to repair my damaged credit?

- KMR

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Identity theft on rise during tax season

Posted on Mar 18 2013 by

Dear Readers,

The threat of identity theft this tax season leaves consumers with more to worry about than whether or not a tax return is in the mail. A thief may use sensitive information, such as a Social Security number, to claim a fraudulent tax refund, open fraudulent credit cards or commit other criminal acts. It is especially important to protect the personal financial information found in your tax returns.

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Evictions are not shown in a credit report

Posted on Mar 13 2013 by

Dear Experian,

I have an eviction on my credit report which is inaccurate. I have proof that it was paid. Every time I apply for an apartment I am denied because of this eviction on my record. I have ordered my credit reports and it does not appear on any of them, yet it’s on every tenant screening report. I would like to know how to have it removed.

- VLK

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Credit card paid in full but does not show zero balance

Posted on Mar 13 2013 by

Dear Experian,

I pay my credit cards off in full before the payment is due, yet my report shows a 60 percent utilization ratio. Why is this happening and how can I prevent this besides getting more available credit or not using my cards?

- RBR

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Alarm company can turn past due account over to collections

Posted on Mar 13 2013 by

Dear Experian,

I have a dispute with a security alarm company. They have implied a contract extension on a policy that I did not approve. I have not made a payment on the policy since November 2012 and am concerned that they may eventually turn the balance over to collections, thus negatively affecting my credit, though they have not threatened such action yet.

Is there an arrangement I can make with the credit reporting companies that can prevent harm to my credit in the event that issues with this company escalate? That is, can I prevent them from damaging my credit history by reporting this unpaid balance? Or is my only option to pay them?

- JSS

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Name change after marriage won’t hurt credit scores

Posted on Mar 13 2013 by

Dear Experian,

I am married for a second time. Can having my maiden name and two married names negatively affect my credit score? My “middle” score is 780 but I am trying to improve to 800 plus.

- TEV

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Getting removed as joint credit card account holder

Posted on Feb 28 2013 by

Dear Experian,

I am a cosigner and the secondary user on a credit card. I am not the primary user. I want my name removed from the account. I called the credit card company, and they will not remove me. Is there a way to remove my name? The primary user tried also, and they still won’t do it.

- WKN

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Intentional late payments for debt settlement will damage credit scores

Posted on Feb 28 2013 by

Dear Experian,

I am considering signing up with a debt settlement company. They told me that in order for them to negotiate the best deal with my creditors I must refrain from paying my bills for more than 90 days. Won’t this negatively affect my scores?

- TND

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Joint accounts with husband can help wife qualify for credit

Posted on Feb 28 2013 by

Dear Experian,

I have been married for many years and have always had credit with my husband. If I ever need to apply for credit on my own, will I be able to get approved based on the good credit I have had with him?

- EDD

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Collection account and charged off account for same debt in credit report

Posted on Feb 28 2013 by

Dear Experian,

If an account is “charged off” and sold to collection agency, how can both accounts be used against you? My credit report shows two negative accounts. I owed $1,900, but now one account shows the original amount owed and a separate account shows $2,300 owed to a collection agency. Will both accounts stay on my report for seven years? The original account was four years ago, but the collection is only three months old.

- VNW

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Protect your heart and identity from “sweetheart scammers”

Posted on Feb 13 2013 by

  Dear Readers, Everyone would like to make a love connection on Valentine’s Day, and online dating sites can be a great way to meet someone. Unfortunately, online dating services and social communities are prime targets for identity thieves who know how to prey upon the vulnerabilities of those seeking relationships. The Federal Bureau of […]

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Beware of calls offering marketing opt out

Posted on Feb 13 2013 by

Dear Readers, Consumers have reported receiving automated calls asking for their Social Security numbers and other personal information in order to opt out of marketing mailing lists. Under the Fair Credit Reporting Act (FCRA), Consumer Reporting Agencies (CRAs) are permitted to include your name on lists used by creditors or insurers to make firm offers […]

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Credit denied due to bankruptcy public record

Posted on Feb 13 2013 by

Dear Experian,

My husband and I had our bankruptcy discharged in March 2012. We are still getting refusals for any type of credit we have tried to apply for, no matter how small. We have one credit card we have never been late on. It has a limit of only $1,500.00, and we have always paid it off so have not been charged any interest. Our denials all state “due to public record.”

- BDJ

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Creditors not required to notify you before reporting delinquency

Posted on Feb 13 2013 by

Dear Experian,

Do creditors have any obligation to notify you directly of an impending report of a late payment other than a monthly statement?

- BNF

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