Getting your free annual report will not hurt your credit scores

Posted on May 08 2008 by

Dear Experian,

I received a call today from my credit card company trying to sell me their credit fraud protection program, and she told me that whenever I order my free annual credit reports allowed by law that my credit scores are negatively impacted each time. Is this true? I went online to the Federal Trade Commission website to verify her claim but there was no mention of the impact to the credit score when using this program, only that it is free from each credit agency annually.

- JPA

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Social Security number variations on your credit report

Posted on Feb 20 2008 by

Dear Experian,

What is a Social Security number variation? When looking up my personal information on Experian, a number came up under “Social Security number variation.” The number that came up was nothing close to my Social Security number.

- ATR

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The impact of a voluntary vehicle surrender

Posted on Feb 06 2008 by

Dear Experian,

I am considering a voluntary vehicle surrender. What ramifications can I expect, both financially and on my credit report and credit scores if I agree to surrender my vehicle to the creditor?

- COF

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Should you sign your credit card or put “See ID”

Posted on Jan 09 2008 by

Dear Experian,

Should we put “See ID” or other verbiage on the back of our credit cards instead of actually signing the credit card to force retailers to check our identity?

- ORI

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The difference between PLUS scores and FICO scores

Posted on Aug 08 2007 by

Dear Experian,

What is the difference between a “Plus” score and a “FICO” score? On a June credit report from Experian my Plus score was 790 (330-830), while my FICO score with Experian was 889 (300-850). I realize both scores are excellent, but I would like to understand it further.

- DRA

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Free credit reports under FCRA and FACT Act

Posted on Aug 08 2007 by

Dear Experian,

If you have been denied credit recently are you entitled to a credit report if it has been less than one year since you received a free report?

- MML

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How long public records stay on your credit report

Posted on May 16 2007 by

Dear Experian,

How long do public records – tax liens specifically – stay on your credit report? One source I checked says seven years after the date of filing but another source says seven years from the date paid.

- EDP

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Broken apartment lease contract can affect your credit report

Posted on Apr 18 2007 by

Dear Experian,

I recently asked my landlord to end my lease early. Her response was, “You must pay your lease, and as you contracted. Or, you can suffer severe credit damage.”

Is this true? Can she make a report to Experian and the other credit bureaus that will post to my credit history?

- EPH

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There is more than one FICO score

Posted on Sep 20 2006 by

Dear Experian,

I recently tried to get a car loan and was told that my Auto FICO score was low. I found this strange because I know my FICO score is in the high six hundreds. The dealer explained that the difference is an Auto FICO score is different than a regular FICO score. Is this accurate?

- DHA

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Why there are three credit reporting companies

Posted on Apr 19 2006 by

Dear Experian,

Why are there three credit reporting companies? Why can’t there be just one? They all, apparently, do the exact same thing. So, what’s the rationale for having three?

- OJO

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A dispute results in an account being “updated” and “closed”

Posted on Apr 05 2006 by

Dear Experian,

I disputed an account on my credit report. It came back “updated,” and on the status shows “closed.” Then it states, “account closed by grantor’s request.” Does this mean it is closed and I don’t have to pay that account, or does it mean something else?

- BXK

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Paying collection accounts in full can help, but might not improve credit scores

Posted on Mar 22 2006 by

Dear Experian,

In the long run, will my credit be more positively affected if I pay off collection agency debt in full as opposed to accepting and paying a settlement amount?

- ATO

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Marriage doesn’t merge your new spouse’s bad credit with your good history

Posted on Mar 22 2006 by

Dear Experian,

Is it true that when you get married you automatically inherit your spouse’s bad debt or bad credit and does it show on your credit report? I have a close friend that said that is exactly what happened to him. I seriously doubt him, but just the same I need to know the truth. I will be marrying soon and was wondering if I should be concerned due to my future spouse’s “bad debt.”

- ITO

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