Posts Tagged "score"

Repossession or voluntary surrender will remain for seven years

Dear Experian,

How long does a derogatory closure of an account pertaining to an auto loan affect your credit scores?

– EST

Debt consolidation might help, but also could hurt your credit

Dear Experian,

Does debt consolidation for credit cards with high interest rates help your credit?

– SRO

Closing store credit cards could affect your credit scores

Dear Experian,

Can closing a few of my department store credit card accounts affect my credit scores if I have established good credit and have high credit scores? My husband wants to eliminate our higher interest rate cards.

– LTB

Getting your credit scores before buying a car

Dear Experian,

I’m buying a car and would like to know my credit score. How can I obtain this before shopping?

– NTS

Credit card balance can affect credit scores even if paid in full each month

Dear Experian,

My credit score factors say “amount owed on revolving accounts is too high,” but I pay the balances off every month. I make more than $1 million per year and have no debt at all. Please explain why this is a factor in my score.

– TRZ

Student loans are debt obligations like any other loan

Dear Experian,

My student loans are affecting my credit. Why?

– NCB

Being removed as a cosigner from children’s student loans

Dear Experian,

I co-signed college loans for my children. They are now both out of school, working and re-paying the student loans on time with no delinquencies. I would like to remove my name as co-signer. Will this increase my credit score, and will it decrease their credit scores?

– PBK

Adding an authorized user to your account won’t hurt your credit scores

Dear Experian,

Will adding one or more authorized users (my husband and my daughter) to my credit card accounts affect me negatively? My daughter will not have a card to use; I only want to help establish her credit.

– AGF

The meaning of “key derogatory” as a credit score factor

Dear Experian,

What does “Key Derogatory” mean?

– RTC

Time it will take to recover after paying a tax lien

Dear Experian,

I am currently paying off a state tax lien. After the tax lien has been paid in full, how long will it take for my credit to be restored to good standing?

– APM