Posts Tagged ‘ score factors ’

Recent late payments hurt credit scores the most

Dear Experian, Why has my credit score dropped 42 points? There is a late payment on one of my cards which has since been brought current, and four of my accounts have been paid off and have a "0" balance. Why doesn’t my score increase as quickly when I pay off accounts as it does when I miss a payment? - KRS

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Having bad credit even when all of your bills are paid on time

Dear Experian, Why is my credit bad? I paid every thing on time. - WOD

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Why a credit score by itself is meaningless

Dear Experian, I have a credit report and a score of 785. So what? I haven't been able to ascertain what the "grading scale" is. Any help? - STO

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The meaning of “too few accounts paid as agreed”

Dear Experian, My credit score came back with a statement saying, "too few accounts paid as agreed." I was wondering what that means since I have never paid an account or bill late. - CHW

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Why closing a credit card can hurt your credit scores

Dear Experian, Why does closing a credit card you are no longer using negatively affect your credit? - VNO

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Lack of mortgage loan listed as credit score risk factor

Dear Experian, I was looking at my credit report and it stated, "You do not have a mortgage account in good standing.” What does this mean? I do not own a house. - JKL

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Declined because “the amount of revolving balances is too high”

Dear Experian, I would like to clean up my credit, but want to know if it is beneficial to close revolving credit accounts that I am not using or will never use again or if I should leave them open. I have never missed a payment on multiple accounts and usually pay more than the minimum payment due. However, I was recently denied increases in limits as well as declined for new accounts. The reason given was "the amount of revolving balances on credit report is too high." - HST

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The meaning of “too few accounts rated current”

Dear Experian, What does "too few accounts rated current" mean? - TJM

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Finding out what accounts are hurting your credit

Dear Experian, How can I find out what accounts are hurting my credit? - RBR

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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

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Which accounts to start paying off when you have bad debts

Dear Experian, How do I know which debts to go after to reduce my bad credit? - EBT

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

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

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Credit score factor “proportion of balances too high,” with virtually no balances

  • February 19th, 2010
  • Posted in Featured

Dear Experian, How did I get the comment “proportion of loan balances to loan amounts is too high” when all I have is a car loan with nine payments left on a 60-month loan and only owe about 15 percent of the loan amount? - SKN

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Risk factors are key to improving credit scores

  • November 25th, 2009
  • Posted in Featured

Dear Experian, What's the meaning of "proportion of revolving balances to revolving credit limits is too high?” - ZHN

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Limited credit history could be preventing mortgage qualification

Dear Experian, I am trying to buy a house, and my credit score just needs to go up by one point. The only credit I have is a credit card with a $900 balance and $1,500 limit. If I pay it down to $500 would this raise my score? - NDR

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What a Vantage Score “D” means and how to make it better

Dear Experian, I had a credit report and score run. My score is 687. The report said my risk grade is “D” (Non-Prime).What does the risk grade mean? Is “D” good or bad. - OVE

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