All Questions
Tagged with credit-history credit
66
questions
0
votes
1
answer
103
views
How much does having an installment loan in your credit history matter vs simply having a good credit score?
Let's say you want to buy a starter home (at a reasonable budget for your income level) and have an excellent credit score of ~800, but you have zero history of taking an installment loan (student, ...
- 178
0
votes
1
answer
235
views
Is it a good idea to take a loan just to build borrowing history? (United States)
Context
My current car, a hand-me-down from a family member, is 10+ years old with ~100k miles and starting to have enough problems that maintenance costs are quickly piling up. Over the last 2 years ...
- 178
5
votes
1
answer
392
views
Will paying off a defaulted loan from 20 years ago affect my credit?
I defaulted on a loan 20+ years ago, which has since fallen off my credit report. My credit score today is excellent. If I were to pay the balance being asked for by the current debt owner/collector (...
1
vote
1
answer
174
views
Why can't you see your credit score at all times?
I've just seen over the years that you can check your credit score now and then and sometimes it might lower it a small amount just to check.
Why isn't credit some transparent function of various ...
- 141
0
votes
1
answer
284
views
F1 visa and credit card debt
I am currently in the US on an F1 visa and I have over 4000$ credit card debt (4 maxed out credit cards). I make on time payments each month and should pay it all within a year. Can I leave the US and ...
- 1
1
vote
1
answer
163
views
Does overpaying credit card to pay a much larger sum than your credit limit to get cashback negatively impact credit score?
I am an immigrant and the concept of credit cards is fairly new to me, I understand it enough and know that using more than 30% percent of your credit card can hamper or negatively impact my credit ...
- 13
2
votes
3
answers
255
views
I pay off my balances every month, never late, but my credit score is not going up-any advice?
I have never been late with a payment. Using my credit cards mthly and paying off the balances every month. However, my score has not gone up in more than two years. I am over forty and own a home.
1
vote
3
answers
206
views
Which is worse for credit score: Bank closure for inactivity, or consumer closure, of a credit card?
Even if a zero-balance credit card is not used, the account age and available credit limit help a person's credit score.
If the person decides they no longer wish to use the card (e.g. due to a ...
- 2,905
3
votes
0
answers
81
views
Best possible outcome from paying a charged-off account
I had an auto loan from 2011. All but about 1,800 USD was paid off. Various financial challenges and a dose of me sticking my head firmly in the sand led to the account being charged off. I handled ...
- 131
-1
votes
3
answers
201
views
Paying more than your monthly credit card balance?
When is it a good idea to pay more than your monthly credit card balance? When does that help, when is that not worth doing / doesn't do anything? Why is that a good idea? Does that help your credit ...
- 321
18
votes
7
answers
7k
views
Open many credit cards while I am young?
I just turned 19 years old and want to start planning for a future of good credit. Should I open many credit cards now so that in 10 years I will have a good history with many agencies, or is it ...
- 321
1
vote
0
answers
50
views
Does mobile phone account negatively affect credit score?
I generally try and keep my credit utilization on my credit cards as low as possible, by having a high limit, and making payments frequently to keep the balance low.
I was looking on my Equifax ...
- 111
1
vote
3
answers
769
views
Will linking SSN with checking account help build up credit score?
Background:
I’m an international student who is currently on F1 OPT.
I only have a checking account with a debit card at USbank. I use the debit card very often with no overdraft history.
I just ...
- 53
5
votes
2
answers
489
views
Can Having Less Debt Lower Your Credit Score?
Background:
In preparation to buy my first house I've started keeping an eye on my (Experian FICO) credit score, and I've been seeing behavior that is very strange. After a year of my credit score ...
0
votes
0
answers
59
views
Establishing / freezing credit for a new immigrant?
A relative migrated to the US and obtained permanent residence, then citizenship. They'd like to freeze their credit, but they don't yet have any to freeze. Since they now have a social security ...
