Posts Tagged ‘ credit scores ’

Paying off debts is just the first step in restoring your credit scores

Dear Experian, I just paid the last bill off my credit in May of this year. If there is nothing else for me to pay how does my credit score increase? - ABR[ READ MORE ]

Consider entire financial picture, not just credit scores, when deciding whether to close accounts

Dear Experian, I have many small revolving store credit cards with no balance on them. How can I close them without it hurting my credit? - ENB[ READ MORE ]

Purchasing your own scores will not hurt future credit scores

Dear Experian, I obtained my free annual credit report a few days ago, but didn't purchase the score. I am not interested in obtaining the score. If I purchase a credit score does it give my credit a double hit? Also, when you obtain your score, does your score get lowered, and if so by how much? - MHO[ READ MORE ]

Choosing between a motorcycle and an engagement ring

Dear Experian, I have been rebuilding my credit and would like to purchase a motorcycle and an engagement ring. If I apply for credit and get denied will my credit score go down and how long will the two remain on my credit report? - ENB[ READ MORE ]

Risk and reward when adding brother as an account holder

Dear Experian, I have good credit. My brother's credit is bad due to the recession and losing his job. I am letting him use my credit card, which he is paying on time. What would happen to my credit scores if I added his name and info to my credit card? What would happen to his credit scores? - LMT[ READ MORE ]

Why credit scores change even with little account activity

Dear Experian, Why does my credit score jump around so much when I don't have much activity? - SGD[ READ MORE ]

Paying off a debt early won’t help credit scores

Dear Experian, I have a friend who took out a personal loan just so she could build up her credit. She's nearly 40 with no credit. She still has six months of payments to make on it. I was wondering if it is bad to pay it off early or does that help her? - JNS[ READ MORE ]

Test your credit score knowledge at CreditScoreQuiz.org

Dear Readers, VantageScore Solutions, a company that produces a credit score developed as a joint venture among the three national credit reporting companies and Consumer Federation of America an association of non-profit consumer organizations established in 1968, just announced the results of a survey that gauged consumer awareness of credit scores and recent changes to the credit scoring industry.[ READ MORE ]

Paying everything off may not improve scores immediately

Dear Experian, I have paid everything off, except for one dispute. Why has my credit score not improved? - RRD[ READ MORE ]

How often to purchase your credit scores

Dear Experian, How often should you check your credit score? - AAN[ READ MORE ]

Inquiry for credit line increase could impact scores, but is not the only issue

Dear Experian, If I ask for a credit line increase on my credit card, part of the credit card process is to do a credit check with Experian. Does this type of credit inquiry affect my credit score? - RYC[ READ MORE ]

Why you can’t retrieve a credit score from last year

Dear Experian, Can I see what my score is now and what it was last year? - LOU[ READ MORE ]

Bankruptcy has greatest impact on scores, collections a close second

Dear Experian, What is worse, having several credit cards in collection or having a bankruptcy on your credit report? - JUA[ READ MORE ]

Why high school students do not have a “beginning credit score”

Dear Experian, I teach seniors in high school. They want to know what a beginning credit score would be if you've just turned 18 and you are applying for your first credit card. - RRY[ READ MORE ]

Getting your personal report does not affect credit scores

Dear Experian, Does it affect my credit score if I pull my own credit report more than twice a month? - LAK[ READ MORE ]

Paying off all debts will help scores in the long run

Dear Experian, I was told by a realtor that paying off everything on my report will cause my score to drop. Is this true? - STM[ READ MORE ]

Pre-paid cards will not help credit scores

Dear Experian, Is there a pre-paid credit card company that I can use to help improve my credit score? - MBM[ READ MORE ]

Deciding whether to cosign a car loan for your son or daughter

Dear Experian, My son has less than perfect credit but was told by his bank he could get a car loan with a co-signer. I have extremely high scores and do not want them lowered for any reason under my control. Assuming all of his loan payments are made on time and the loan always remains current, will this negatively affect my credit scores? - BOA[ READ MORE ]

Meaning of “proportion of balances to high credit on revolving accounts”

  • September 1st, 2010
  • Posted in Featured

Dear Experian, Can you explain one of the factors for my credit score? The listed factor is “Proportion of balances to high credit on bank revolving or all revolving accounts.” - RNO[ READ MORE ]

Paying credit card bills early doesn’t hurt scores

Dear Experian, Does paying credit card bills ahead of time hurt your credit scores? - AVE[ READ MORE ]

Score didn’t improve after bankruptcy removed

Dear Experian, I recently had a bankruptcy removed from my credit report, but it didn't change my score. When or how do you update the credit score? - PLM[ READ MORE ]

Impact of missing one mortgage payment

Dear Experian, I admit I was late on one mortgage payment in 30 years, and my credit dropped 52 points. Is that normal for the credit industry, and am I stuck with that for seven years on my credit? Is a dispute allowed on this or not? - PWR[ READ MORE ]

Is it better to pay off one credit card or reduce the balances on two?

Dear Experian, If I am trying to raise my credit score, it is better to pay off one credit card entirely or pay down the balance of two cards without paying off either one? - ECH[ READ MORE ]

Not paying utility bills and insurance could hurt credit scores

Dear Experian, Does paying a utility bill or car or home insurance late affect your credit scores? - FXR[ READ MORE ]

Paying off credit cards likely will save money in the long term

Dear Experian, I came into a lump sum of money and want to pay off my credit cards. I was thinking about negotiating down the two higher balances until I heard that it can actually hurt your credit score. Is that correct? Should I just pay the full amount rather than negotiating a lower amount to pay? - CKL[ READ MORE ]