Dear Experian,

We have looked at a foreclosure property and have submitted an offer. Our mortgage credit score was 820. The problem is that the bank is handling the foreclosure sale as an auction, so I have no idea where we stand since there are several bidders. If we don’t get this property then we will need to have our credit checked later by another bank. How will these two checks affect my credit score?

- WKI

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Dear Experian,

You have recently responded to a question for those that short-sell their homes without being late on their mortgage payments. Under the same line, what effect does it have doing a short-sale for those people that plan to set up a business in the future?

- OGC

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Dear Experian,

If I have taken care of tax liens, will they always be on my report, and if they are does it do any good to try and get them removed.

- ATJ

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Dear Experian,

We filed chapter 7, and it was discharged on Jan. 31, 2002. Because we were under the old law, the bankruptcy should be off our credit, right?

- EPE

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Dear Experian,

Who gave permission to collect information at consumer reporting companies, and when did it start?

- SPL

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Dear Experian,

I’m asking my bank to do a loan modification on my mortgage. They said that I need to be 30 days late on my payment in order to do the modification. Is this going to damage my credit?

- RBL

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Dear Experian,

I am a graduate student with no income. I have a car payment that hasn’t been paid in two months, and now they want to repossess it. I am doing all I can to get the money but am considering letting them take it. I have no help at all. What should I do? How long does it take a repossession to be removed from a credit report, and how long will it be held against me?

- ANS

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Dear Experian,

Which credit card bill should I pay first? I had a credit card closed by the company because the bank is going bankrupt. On my credit report they list that the account was closed by the consumer, that I have $0 credit available with a balance of $2,568 and an APR of 35.5%. I also have an open credit card with a credit limit of $3,500 and only $80 available (it’s maxed out). The APR is 10.99%.

- TAS

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Dear Experian,

Is it true that my credit is going to be trashed once I join in a debt management program?

- NLI

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Dear Experian,

Since October 2008 I have been unemployed and would like to know how applying a credit freeze on my reports affects my search for employment.

- SWE

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Dear Experian,

When I moved, I misplaced the PIN for lifting my credit freeze. Can I get another PIN, and can I request it by email?

- VAG

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Dear Experian,

Do balances on my business credit cards affect my personal credit scores?

- SCO

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Dear Experian,

I’m a little concerned that someone may have used my son’s Social Security number to obtain credit. How can I find out for sure?

- EAC

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