Posts Tagged "score factors"

Credit scores are not included in credit reports

Dear Experian,

I got my credit report, but where is my credit score? How do I get it?

– JLE

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

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

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

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

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

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

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

The meaning of “too few accounts rated current”

Dear Experian,

What does “too few accounts rated current” mean?

– TJM

Finding out what accounts are hurting your credit

Dear Experian,

How can I find out what accounts are hurting my credit?

– RBR