Posts Tagged "score"

Student loan will appear on cosigner’s credit report as well as the student’s

Dear Experian,

If I cosigned for a student loan, will the loan balance show on my credit report, or it will only show on the student’s credit report?

– CSY

Loan modification could hurt your credit scores depending on how it is modified

Dear Experian,

I am interested in a modification on my mortgage loan. I would like to modify my repayment When I asked the bank if a modification would negatively impact my credit scores, I was told that it may be reported to the three credit reporting companies, but that the impact to my credit scores would be up to you. Would a modification, lower monthly payments or deferred payments lower my credit scores?

– RYR

Ordering your own credit report won’t hurt your credit scores

Dear Experian,

Is there any way I can check my credit score without it hurting my score? How much does it hurt me to order my credit score?

– KWS

Alarm company can turn past due account over to collections

Dear Experian,

I have a dispute with a security alarm company. They have implied a contract extension on a policy that I did not approve. I have not made a payment on the policy since November 2012 and am concerned that they may eventually turn the balance over to collections, thus negatively affecting my credit, though they have not threatened such action yet.

Is there an arrangement I can make with the credit reporting companies that can prevent harm to my credit in the event that issues with this company escalate? That is, can I prevent them from damaging my credit history by reporting this unpaid balance? Or is my only option to pay them?

– JSS

Intentional late payments for debt settlement will damage credit scores

Dear Experian,

I am considering signing up with a debt settlement company. They told me that in order for them to negotiate the best deal with my creditors I must refrain from paying my bills for more than 90 days. Won’t this negatively affect my scores?

– TND

Why there isn’t just one credit score

Dear Experian,

Why isn’t there one credit score across the board? Could you please explain why lenders receive different credit scores than what I receive? Why are the credit scores different from each lender, such as for car loans, mortgages and other loan companies?

– ICH

Settled or charged off accounts in your credit report are “potentially negative”

Dear Experian,

If an account is paid off/closed, settled, or charged off, why would it still be showing as potentially negative? Is there any way to get these removed so they no longer affect me negatively?

– JNG

You cannot dispute a credit score

Dear Experian,

Can I dispute the score? I have a creditor that hasn’t reported me current on several opened accounts. I show current with Experian and one of the other credit agencies but there is no account data with the third. I show the lowest score from them.

– NTA

Declination notice received after withdrawing loan application

Dear Experian,

I withdrew an application for credit from a national bank on the same day of my request. They still sent me the packet, and then several days later they sent me a declined notice. Does this affect my credit score?

– CHR

Consider entire financial picture, not just credit scores, when deciding whether to close accounts

Dear Experian,

I have many small revolving store credit cards with no balance on them. How can I close them without it hurting my credit?

– ENB