Posts Tagged "establishing credit"

Using credit cards to establish your credit history

Dear Experian,

I have been approved for two credit cards with two different limits and interest rates. One offers cash back rewards. I am trying to build my credit. Should I just use the card with the better terms, or should I use both?

– BHK

Why it is important to establish credit when you are young

Dear Experian,

Why is it important to establish credit while you’re young? If I don’t establish any credit will it affect my future and why?

– OZY

Moving from Canada to the U.S.

Dear Experian,

I moved to the U.S. in January 2012 from Canada. I obtained a Social Security number and got a secured credit card, and I was lucky enough to get a car loan. I have been paying both accounts on time every time. This all occurred in February and March and still I have no credit report. When can I expect to have a credit report? I tried today, and Experian is still not showing any information for me.

-BMR

Application declined because credit score can’t be calculated

Dear Experian,

I am trying to get a loan and am being denied because your company won’t list a score on me. Why?

– LRT

Individuals cannot report their own accounts

Dear Experian,

How do I submit payment history for an account not listed on my credit report, therefore, adding a new account?

– CRT

Recent college graduate may not have a credit report

Dear Experian,

What should I do if I cannot be found in your system? I am trying to obtain a credit report since I have just graduated college and would like to start building credit.

– AGB

Qualifying for new credit when you have no credit history

Dear Experian,

I have no credit score and am unable to get credit for a car loan. How do I get a credit score? I have my own apartment and am paying all utilities. Will that help? If so how long does it take, or where should I start?

– KNY

Time is necessary before credit score can be calculated

Dear Experian,

My husband and I recently purchased a used car. He makes an annual income of $63,000 and I am a full-time, unemployed student. Because he had zero credit and I had student loans on creating a small credit score, we were only able to sign jointly for the car. He was told being the co-signer would be a great way to start earning credit. He’s tried to get a credit card but continues to be denied for lack of credit. We’ve had the car now for four months and all payments have been on-time. We just ran his credit looking at refinancing the car to a lower interest rate and the account is there, but he still does not have a credit score. Our bank suggested contacting you to see how long it takes before he will begin earning a credit score.

– CJF

Improving credit score without credit card

Dear Experian,

How can you improve your credit score if you don’t have any credit cards?

– HQB

Reestablishing credit after moving from Canada

Dear Experian,

I recently moved here from British Columbia, Canada, and when I apply for a credit card here you deny it because you say my credit information is not available. How may I make my Canadian credit record available to you so I may start a credit history here with an American credit card?

– LLY

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