Closing an account causes your overall utilization rate to increase. As a result, your credit scores my decrease.
Once an account is charged off and/or sent to collections, it is considered a “final” status, and will show the amount that was written off as a loss.
Dear Experian,
I am planning to move to Canada. Can I use my credit history from the U.S. to rent an apartment in Canada?
- ALV
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
Dear Experian,
Can I dispute incorrect information at anytime online?
- EWA
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
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
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
Dear Experian,
How soon do banks have to report new credit loans to the reporting agencies?
- MLC
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
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
Dear Experian,
Why does my credit score jump around so much when I don’t have much activity?
- SGD
Dear Experian,
How do I know which debts to go after to reduce my bad credit?
- EBT
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
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
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
Dear Experian,
Do we need to do a change of address when moving?
- EVC
Dear Experian,
How does an employer report a job history to Experian?
- BZI
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
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.
Dear Experian,
Can an apartment put your rent on your credit report as an installment payment like they do with a car payment?
- YES
Dear Experian,
I have paid everything off, except for one dispute. Why has my credit score not improved?
- RRD
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.
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
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
Dear Experian,
If I get credit monitoring for myself for all three credit bureaus, how is that impacted if I am married?
- YSK
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
