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Survey Results: When Divorce Does Damage to Your Credit

Learn how credit is impacted by divorce, and hear from survey respondents what they learned and would do differently

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Do Installment Loans Have a Negative Impact on Your Credit Score?

January 21, 2017

An installment loan is a loan in which you receive a specific amount from the lender. You then repay that amount, along with interest and perhaps other fees, with...

How Often Should Credit Reports Be Reviewed?

January 21, 2017

At a minimum, you should review your credit report once every 12 months. You can receive a free copy of your credit report from each of the three national...

What Are Some Specific Reasons That a Credit Score Can Drop?

January 21, 2017

There are two factors that will always cause people’s scores to drop significantly: late payments and utilization rate. Late payments. The single most important indicator of credit risk is...

I Have a Credit Card I No Longer Use. Is It Bad to Close a Credit Card?

January 19, 2017

Dear Experian, Does closing a credit card account that I don’t use hurt my credit? – TMY Dear TMY, Yes, closing a credit card account you no longer use...

Does Leasing a Car Build Credit?

January 17, 2017

Dear Readers, We are sometimes asked whether leasing a car can help you build credit and the answer is, yes it can. In terms of credit reports and credit...

Survey Results: Americans’ Financial Outlook

January 14, 2017

How will the outcome of the 2016 presidential election affect the economy and the financial well-being of individual Americans?

Why Does My Credit Report Still Show a Charge Off on an Account?

January 12, 2017

Dear Experian, I had a car payment that was seriously delinquent in 2015. In January of 2016 I brought the payment current, and the monthly payment has been paid...

How Long Do Collections Stay on Your Credit Report?

January 10, 2017

Dear Experian, How long does it take for a collection to be deleted from my credit report? – SMQ Dear SMQ, Your credit report is a history of all...

I’d Like to Improve My Credit Score by 100 Points. What Are Some Steps I Can Take to Do So?

January 5, 2017

Dear Experian, What steps can I take to improve my credit score by 100 points? – KKB Dear KKB, Every credit history is unique, so it’s impossible to say...

What is a Credit Limit?

January 3, 2017

Dear Experian, I received my credit score. It says “amount of revolving credit card balances is too high,” but I do not owe anything. How do I clear the...

How Long Does It Take to Complete the Dispute Process?

December 30, 2016

In most cases, disputes are completed within 10-14 business days and quite often within two to three days. The length of time depends on the type of dispute and...

If My Credit Card Balance Is $0 Should I Close the Account?

December 30, 2016

The standard recommendation is to keep unused accounts with zero balances open. A zero balance on a credit card reflects positively on your credit report and means you have...