Posts Tagged ‘ score ’

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 ]

Opting out of preapproved offers does not help credit scores

Dear Experian, Does opting out of preapproved mail offers raise my credit score? - RTU[ READ MORE ]

Effect of multiple mortgage applications

Dear Experian, Will it affect my credit score if get I get a mortgage pre-approval letter from more than one bank? If it does how much would it affect my score? Also, will it affect my score, if I check my credit score with you guys? - UYI[ 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 ]

Several months of recent history needed to calculate credit score

Dear Experian, I have "N/A" for a credit score. How do I get that corrected? I have been told by the real estate agent that it is because I have no current debt, and my most recent credit history is a payoff two years ago. I do have plenty of bad credit – hospital bills – but I don't understand why I don't have a credit score, good, bad or otherwise. - TTL[ READ MORE ]

Credit scores calculated each time your report is requested

Dear Experian, I’m planning to buy a house soon, and I just paid off a fair amount of debt and I hope it changes my score. What I was wondering is how often do the credit bureaus reevaluate your credit and change your credit score? Is it monthly, quarterly or less? And if they only do it a few times a year can you request to have your credit rescored so it shows up when my credit is ran two weeks from now? - NPU[ READ MORE ]

Risk factors are key to improving credit scores

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

Effect of short sale and mortgage modification on credit scores

Dear Experian, I am going through a short sale on my home and the lender is saying that if I take out a promissory note to make up for some of their loss that they will report my short sale as "paid in full -not full amount" Is that better than just a short sale, or because of the "not full amount" will my credit be dinged just as much as if I did nothing and they just listed it as a short sale? - ATH[ READ MORE ]

Education level does not affect credit scores

Dear Experian, I just graduated and read somewhere that the higher your education the higher your score. How do I inform Experian to add my bachelor's degree completion? - FNS[ READ MORE ]

Disputing information does not hurt your credit scores

Dear Experian, Does disputing information with Experian cause credit scores to lower? - MIL[ READ MORE ]

Report shows all inquiries, but they may be counted as only one

Dear Experian, I was under the impression that if you sought after a specific type of loan, such as an auto loan, within a 10 day time frame that it would only post on your report once. However, one car dealer hit my credit three different times for the same auto loan application. Why are all three on my report? - KIR[ READ MORE ]

Closing accounts after death of husband

Dear Experian, My husband died on July 10, 2009. I am closing out nearly all the credit cards he had. How will that affect my credit score? - PRE[ READ MORE ]

When paid off accounts are deleted

Dear Experian, If I pay off a negative account on my credit report, will it be removed from my credit and raise my score or will it remain on there seven years and not change my score? How does this work? - TYK[ READ MORE ]

The effect on credit scores of paying off and closing credit cards

Dear Experian, Will paying off and closing a credit card hurt my credit score? - IND[ READ MORE ]

Impact of inquiries is minimal when shopping for a mortgage

Dear Experian, We have looked at a foreclosure property and have submitted an offer. Our mortgage credit score was 820. The problem is that the bank is handling the foreclosure sale as an auction, so I have no idea where we stand since there are several bidders. If we don't get this property then we will need to have our credit checked later by another bank. How will these two checks affect my credit score? - WKI[ READ MORE ]

VantageScore grade of “B” is very good

Dear Experian, I have a “B” rating with an 838 score. Is this regarded as a good score? - EFF[ READ MORE ]

How to find out who has requested your credit report

Dear Experian, How do I find out who has been inquiring about my credit? If there are people that I never applied for credit with, can I get the inquiry removed, and will that help my credit score? - CKY[ READ MORE ]