Unrecognized inquiries could be sign of fraud, but most often are not

Posted on May 23 2012 by

Dear Experian,

What do I do if I see a request for credit information from a company I am unfamiliar with?

- LCF

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Individual payments to collection agency not always reported

Posted on May 23 2012 by

Dear Experian,

I am currently making payments on accounts that are on my credit report. Do the credit bureaus recognize my payments that I’m paying to the collection agency?

- AYR

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Loan modification denied because borrower can still make payments

Posted on May 23 2012 by

Dear Experian,

I recently applied for a loan modification on my mortgage, but they did not qualify my application saying that based on the information I provided they felt that I can still pay my mortgage. I never stopped my payment and am still paying but wonder if just applying for the loan modification will hurt my credit?

- SLV

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Why inquiries can change credit scores

Posted on May 23 2012 by

Dear Experian,

Why does my score change with inquiries?

- ADM

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Listed as authorized user on mother’s delinquent credit card

Posted on May 09 2012 by

Dear Experian,

I was an authorized user under my mom’s credit card. I never used the card. I only “piggybacked” so I could start a credit history. She was unable to pay her card, and I found out today that her debt was charged off in February 2011. I found out about it because I saw it in my credit report. How badly does this affect me? I want to ask to get that debt off of my report. If I do that, will that affect my mother’s report too?

- HNA

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Removing “accounts included in bankruptcy” status from closed accounts

Posted on May 09 2012 by

Dear Experian,

My bankruptcy was removed from my credit report late last year. Is there any way to update closed accounts to remove the wording “included in bankruptcy”? I had a car loan at the time of the bankruptcy that I reaffirmed and paid in full in 2006. Do I have to wait until 2016 when the account will be removed from my credit report? It feels like I’m being punished a lot longer than the 10 years for a bankruptcy.

- WCK

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Protecting yourself from identity theft after a burglary

Posted on May 09 2012 by

Dear Experian,

I returned from two weeks away from my house to find it had been burglarized. Among the missing items are some credit cards, and I have notified the card issuers. However, my Social Security number appears on an ID (with no other identifying information but my name and address) that appears to have been taken. What steps should I take to protect my credit? A neighbor advised me to ask you to request an alert.

- ARZ

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Deleting evictions, judgments and bankruptcy from your credit report

Posted on May 09 2012 by

Dear Experian,

Is there a way to get an eviction removed? A judgment was filed against me. If a judgment is discharged in your Chapter 7 bankruptcy, can it be removed from your report?

- JLB

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New credit card not appearing in your credit report

Posted on Apr 25 2012 by

Dear Experian,

I have had a new credit card since December. They state that they are reporting to the credit bureau but I see no record of it. How can I get this card on my credit report to help my scores?

- ATK

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Credit histories not stored for specific dates in the past

Posted on Apr 25 2012 by

Dear Experian,

How can I get my credit history for 1986 and previous years?

- STV

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How to determine an account’s original delinquency date

Posted on Apr 25 2012 by

Dear Experian,

How do you find out the original delinquency date of an account?

- KYN

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Updating report to show bankruptcy is discharged

Posted on Apr 25 2012 by

Dear Experian,

My bankruptcy was discharged one to two months following when it was filed. This would have been around September 2005. It still shows the bankruptcy is not discharged on my records, but it has been. How do I get this information updated to correctly reflect my discharge date?

- LND

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Inquiries can have small impact on credit scores

Posted on Apr 11 2012 by

Dear Experian,

I haven’t had negative activity on my credit report for over two years, and my score was recently 674. I applied for a credit card, and they did three hard inquiries but did approve me. Then right after I got the card my credit score went down eight points to 666. I called the creditor and they said they would put in a dispute for me. Can three hard inquiries cause your credit score to go down eight points, even though I was approved?

- TCL

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Paid collection account not deleted immediately

Posted on Apr 11 2012 by

Dear Experian,

How do I get something I have paid removed from my credit report? I’m trying to get approved for an apartment and I need it taken off ASAP. I have the letter from the collection agency showing the debt has been paid in full.

- RRB

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How long “past due” record remains in credit report

Posted on Apr 11 2012 by

Dear Experian,

How long does a negative payment status of “Paid, Past due 30 days” remain on my credit report? The item in question occurred in March 2006, while I was out of the country. I would really like to get this one potentially negative item off of my credit report.

- DHB

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Tax liens not discharged through bankruptcy

Posted on Mar 28 2012 by

Dear Experian,

I filed bankruptcy in 2002 because of divorce. It was discharged with zero assets and zero liabilities. A 1996 Michigan state tax lien still remains on my credit report after 16 years. I understood it was included in the Chapter 7 bankruptcy in 2002.

- SLV

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Time is necessary before credit score can be calculated

Posted on Mar 28 2012 by

Dear Experian,

My husband and I recently purchased a used car. He makes an annual income of $63,000 and I am a full-time, unemployed student. Because he had zero credit and I had student loans on creating a small credit score, we were only able to sign jointly for the car. He was told being the co-signer would be a great way to start earning credit. He’s tried to get a credit card but continues to be denied for lack of credit. We’ve had the car now for four months and all payments have been on-time. We just ran his credit looking at refinancing the car to a lower interest rate and the account is there, but he still does not have a credit score. Our bank suggested contacting you to see how long it takes before he will begin earning a credit score.

- CJF

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Bankruptcy should not appear in joint account holder’s credit report

Posted on Mar 28 2012 by

Dear Experian,

If there are two people on a loan and one of them files a Chapter 13 bankruptcy, would it report on the other person’s credit that the account is in bankruptcy status since the trustee will be making payments?

- CHS

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Impact on credit scores of missed payments, mortgage modification

Posted on Mar 28 2012 by

Dear Experian,

I’m considering entering into a six month reduced payment plan with my mortgage lender. I understand this will have a negative impact on my credit. Will this have a worse impact than being 30 days late on my mortgage payment?

- STS

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Late payments not deleted immediately after account is paid off

Posted on Mar 14 2012 by

Dear Experian,

I have paid off an account that previously had a late payment mark on my record. Is there any possible way to remove the negative mark on my credit scores, now that the account has been paid off?

- ALT

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“Compromise sale” of home will hurt credit

Posted on Mar 14 2012 by

Dear Experian,

I am active duty military and anticipating a permanent change of station this year. I am considering doing a VA compromise sale on my home in Tucson, as it is underwater. I am current on the payments and am wondering how much a VA comp sale will hurt my credit?

- DRL

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Renewing pre-approved car loan likely will cause hard inquiry

Posted on Mar 14 2012 by

Dear Experian,

I applied and was approved for an auto loan through my credit union, which I have numerous accounts with – mortgage, savings, money markets, and credit cards. Twice I’ve let the preapproved loan expire and asked to have it re-approved. I have not made a decision on a car. Each time I have it re-approved I get a notice that includes my credit score. It’s always really good. Am I harming my credit scores by letting the loan offer expire and resubmitting again? I need to do this for a third time (and this time I plan to use it!), but wondered how this fits into what you’ve told us before about inquiries with “existing creditors.”

- LGD

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Reporting accounts to Experian is probably cost prohibitive for small business

Posted on Mar 14 2012 by

Dear Experian,

How do I become a member to post debts?

- DHR

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Payments should be made to collection agency, not original lender

Posted on Feb 29 2012 by

Dear Experian,

I made payment arrangements to pay a debt to the original credit card company; however, a third party collection agency is now contacting me for payment on the same account. Who should I be making payments to?

- ALT

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Inquiries for multiple car loan applications cannot be removed

Posted on Feb 29 2012 by

Dear Experian,

While looking for a new car the auto dealer shopped the best rate for a loan, generating seven or eight hard credit inquiries, which have dropped my score. Can I have these hard inquiries removed?

- DRL

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