Requesting a decrease in your credit limit can hurt credit scores

Posted on Jan 21 2009 by

Dear Experian,

Your creditor raises your credit limit. As a consumer, you are not comfortable with the increase, and you would like to lower the credit limit. What impact does this have on the consumer’s credit score?

- YLO

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Accounts not deleted when bankruptcy is discharged

Posted on Jan 07 2009 by

Dear Experian,

My bankruptcy was discharged in February, and I was under the assumption that all the accounts would be taken off my credit report. Did I receive the proper information regarding this situation?

- RRI

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What happens when you pay off “bad” credit

Posted on Jan 07 2009 by

Dear Experian,

When a piece of “bad” credit exists on my report, what happens if I pay it off? Is it automatically updated to “good” credit? Does it still reflect negatively on my report? Are the months that I could not pay still reflected, but changed to a $0 balance?

- GTH

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How to find out who has requested your credit report

Posted on Jan 07 2009 by

Dear Experian,

How do I find out who has been inquiring about my credit? If there are people that I never applied for credit with, can I get the inquiry removed, and will that help my credit score?

- CKY

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How long does it take for paid off accounts to show zero balance

Posted on Dec 24 2008 by

Dear Experian,

If I pay off all of my credit cards to a zero balance, how long does it take for that payoff to show up in an improved credit score? I want to pay off all of my cards and improve my score for a mortgage application.

- ANG

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Paid collection accounts not removed from credit report immediately

Posted on Nov 26 2008 by

Dear Experian,

If I pay the bills that were sent to collection will they come off? How do you get them off? I’m trying to get a home in the next few months and my credit score is low.

- AMH

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Unpaid hospital bills can affect your credit

Posted on Nov 12 2008 by

Dear Experian,

Do unpaid, uninsured hospital bills affect your credit?

- SSI

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Removing bankruptcy from your credit report

Posted on Nov 12 2008 by

Dear Experian,

It’s been just about 10 years since my bankruptcy was been discharged. How do I go about getting it removed from my credit report?

- ENZ

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The impact on credit scores when you exceed your credit limit

Posted on Oct 15 2008 by

Dear Experian,

Will going over the credit limit on a credit card affect my credit negatively, even if the creditor does not charge a fee?

- CHO

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Getting free credit report when application is declined

Posted on Oct 01 2008 by

Dear Experian,

I have been denied credit. Can I get a free copy of my credit report?

- ZLR

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Loans from your 401k do not appear on your credit report

Posted on Sep 03 2008 by

Dear Experian,

Can my portfolio/mutual funds/401k be added to my credit report, depicting net worth? Is there a section on the credit report that shows a person’s net worth? Can personal loans that I have taken from my 401k and paid back faithfully be added as positive information to my credit report?

- NTU

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Medical collection accounts on a credit report

Posted on Aug 20 2008 by

Dear Experian,

I have a customer who is trying to resolve a credit issue. I work for a bank. The account entry says “Medical Payment Data.” He does not know how to contact these people to pay the account. Can you help me help this customer?

- FNB

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Tradelines and your credit report

Posted on Aug 06 2008 by

Dear Experian,

Is adding tradelines to your credit beneficial? What are the pros and cons of tradelines? Do you have any documentation concerning tradelines?

- RRI

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The meaning of “closed/current” and other account status descriptions

Posted on Jul 09 2008 by

Dear Experian,

In the status category what does “closed/current” mean? If an account was closed it should be closed right? I just do not understand why some just say “closed” and others “closed/current.”

- EJH

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Adding a fraud security alert and opting out

Posted on Jun 11 2008 by

Dear Experian,

How do I opt out online as I am an identity theft victim and am taking care of all this? I want to opt out immediately.

- JRK

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Impact of mortgage “short sale” on your credit report

Posted on May 14 2008 by

Dear Experian,

Some people are saying a “short sale” is better than a “foreclosure” on a credit report, but is that true? Don’t both circumstances drop the credit score significantly?

- NTE

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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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