Is all debt bad? Is any debt good? How you perceive debt, and how it affects your credit, depends on many factors, including how much debt you have, how well you’re able to pay it, and the kind of debt. Too much debt is bad if it leaves you struggling to pay your monthly bills and affects your credit utilization ratio.

You have many options for dealing with debt and managing its impact on your credit. Explore to find out the impact of debt consolidation on your credit, how your spouse’s debt can impact your own credit, and whether or not you can remove existing debt from a bankruptcy.

Declining a Settlement Offer

September 26, 2012

Dear Experian, A debt collector contacted me about a debt that isn't on my credit report. If I don't pay him the settlement offer he proposed, can he then add...

The Amount of Revolving Balances is Too High

August 29, 2012

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...

Paid Accounts Showing on Credit Report

August 15, 2012

Dear Experian, All my credit cards are paid in full and closed but still showing revolving on my credit history. I want to clean up my credit history. What steps...

Is It Possible to Owe Debts Not on Your Credit Report

August 1, 2012

Dear Experian, Everything shows on the credit report right? Every debt you owe? I currently have two debt collectors harassing me claiming I owe them money and threatening to sue...

Should You Close Paid Off Accounts

July 18, 2012

Dear Experian, I have four accounts that have a limit of $300 each. I have had these accounts for years. I would like to know if I should close them...

Authorized User Who Has Declared Bankruptcy

June 20, 2012

Dear Experian, If I add an authorized user who filed bankruptcy to my credit card, will that affect my credit scores? - SDY

How Balance Transfers Affect Your Credit Score

June 6, 2012

Dear Experian, I have a question about balance transfers. I have a credit card with a balance that I am paying interest on. My husband has an existing credit...

Authorized User on Delinquent Credit Card

May 9, 2012

Dear Experian, I was an authorized user under my mom's credit card. I never used the card. I only "piggybacked" so I could start a credit history. She was unable...

Accounts Included in Bankruptcy Status

May 9, 2012

Dear Experian, My bankruptcy was removed from my credit report late last year. Is there any way to update closed accounts to remove the wording "included in bankruptcy"? I had...

New Credit Card Not Appearing in Credit Report

April 25, 2012

Dear Experian, I have had a new credit card since December. They state that they are reporting to the credit bureau but I see no record of it. How can...

Paid Collection Account Not Deleted Immediately

April 11, 2012

Dear Experian, How do I get something I have paid removed from my credit report? I'm trying to get approved for an apartment and I need it taken off ASAP....

Owing Debt After it’s Removed from Credit Report

February 29, 2012

Dear Experian, Once an item is removed from the report after having been reported for 7-10 years, can the creditor still try to collect the debt? Can the account still...

Chapter 7 vs. Chapter 13 Bankruptcy

February 1, 2012

Dear Experian, What is the difference between chapter 7 and chapter 13 bankruptcies? - RYN

Authorized User Account Impeding Home Purchase

February 1, 2012

Dear Experian, I have a question regarding authorized users. I put my son on my card when he and his sister were traveling in Europe. I forgot about it...

Change of Address for Credit Cards

January 18, 2012

Dear Experian, My oldest son recently moved. I have just found out that your agency, without my knowledge, changed the address on my credit cards. My bills should still be...

Credit Cards & Loans

Get credit cards and loans from our trusted network of partners. See credit offers based on your credit when you sign up for free.

Browse Credit Cards & Loans

Here’s How Much Your Personal Information Is Selling for on the Dark Web

The dark web is a huge marketplace for stolen data and personal information. Find out how much your information is selling for on the dark web.