Questions tagged [credit-history]
for questions related to credit worthiness history, related tags credit-score, credit-rating and credit-report
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Affect of Credit card Utilization rate on Credit scores (for Balance Transfer)
Scenario 1:
Two Credit cards have 50% utilization rate each
Interest savings are moderate
Convenience factor - medium
Scenario 2:
One card has 90% utilization rate.
Interest savings are higher as ...
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Does opening credit cards at different banks impact credit score?
I have been building credit with a card for about 6 years while I went through school. My credit score is decent so I'm looking into opening another card to take advantage of cash back deals and ...
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3
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Best way to build a credit history for a graduate student in the US
I'm a first year graduate student in the US, and I'm considering several options to start building credit history.
1) Apply for a local credit union secured credit card (without annual fee)
2) Apply ...
user88299
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4
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How to build up credit fast?
I live in the United States, am around 22 years of age, and recently graduated college with around $12,000 in student loans. I have had a full time job for around 4 months that pays around $55,000 a ...
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2
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Credit Report debt expiration limit: original creditor vs. Collection
I am confused about how the statute of limitations with regards to debt applies to what is reported on an actual credit report from the 3 credit reporting agencies in the United States. Researching ...
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3
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Is it ok to have multiple life time free credit cards?
I am currently having two life time free credit cards. These cards do not charge any annual fees. And another bank is offering me such credit card. I was thinking if I should go for it as
its rare ...
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2
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Credit freeze in UK
I've read a lot that in US people can protect themselves from identity theft by applying credit freeze on their credit history, is there similar option in UK?
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What is the potential downside to freezing additional credit reporting agencies?
I have had a credit freeze on the big 3 credit reporting agencies for many years, and now I'm hearing about a 4th, Innovis (since the latest Equifax breach).
Is there a down-side to freezing Innovis ...
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Credit freeze and affect on perception as credit risk
In light of the Equifax hack I keep reading that people should apply a credit freeze on themselves at the 3 main bureaus. However, someone told me that their mortgage consultant said that placing a ...
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Do lenders have a practical obligation for prompt/accurate credit reporting?
Joe had a high-balance loan from Acme Bank and paid it off. Acme reported to the credit bureaus about every 30 days during the loan, up until the day after the scheduled payoff. On that last day, ...
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In the US, does getting a loan with a cosigner, help your credit rating?
Say person A has plenty of money and income but is new to the US (or for whatever reason) has a near non-existent credit history.
Person A has the idea of getting a car loan to help build the credit ...
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Credit card accounts and credit score [duplicate]
I m relatively a new resident in the US. I opened an account with BofA (oct/2016) and after struggles they approved me for their student secured credit card account (700$). After 4 months I applied ...
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Pay or not pay charged-off accounts for mortgage qualification
Several years ago, due to unforeseen circumstances, payments were not made to any credit account and therefore, the accounts are now charged-off, thus ruining the credit score.
Its about time that ...
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How do I prevent my ex from making bank and credit card accounts using my son's SSN?
As you may see from the history of my questions, my ex-wife is a financial disaster. Forever out of money, forever on the edge of crisis, forever not wanting to hold down a normal 9-5 job. But show ...
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4
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How to recover from credit score hit from paying off loan?
My credit score recently took a dip after I paid off my student loans recently.
When I look at the credit report via mint it shows a "not bad" rating for number of accounts opened. ("not bad" is the ...
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Credit report in Italy
I am Italian, looking to move back to Italy.
I'd like to know if Italy has some sort of credit-score or credit history and this is actually checked on mortgage application?
Is credit score report ...
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4
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$7300 medical billing error reported to credit agencies
I opened up a Credit Karma account and noticed a collection in the amount of $7368. It was originated from Eisenhower Medical center. So I called Eisenhower to inquire and after 45 minutes on the ...
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Credit History and Outstanding Debts in Hungary [closed]
I would like to check the credit history and any outstanding debt (if any) of a person in Hungary. Is there any service that I could contact?
I would like to assess if he or she has a good reputation ...
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Confused: Should I be opening more no annual fee credit cards to improve my score with the intention to not use them?
I was told that having more cards and more open accounts was more of a risk factor since you have more credit to abuse. However, this seems to say otherwise that credit trackers actually encourage you ...
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Do I not have a credit score?
Today I tried to access my credit report for the first time from the three major agencies using annualcreditreport.com.
When accessed through Experian, it gave me a generic error that my report wasn'...
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Opening 5 credit cards at once with no history to ruin, is it a good idea?
I have no credit. I'm a student, who has never had a credit card short of a secured card I had a few years ago that I was poorly advised to close, and now I'm trying to build credit.
Conventional ...
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915
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Excessive Credit Check from Comcast
I used to be a customer of Comcast, but left them a long time ago for another ISP. When I started doing business with Comcast, they performed a credit check on me. At that time, I had no issue with it ...
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Can I check US credit score from abroad?
I permanently left the US a few years ago and I am no longer permanent resident.
Is there a way to check my own credit score for personal verification purposes (the major credit agencies require a ...
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Can credit cards look at your credit report without your authorization (and reduce existing credit limits)
Just received a somewhat disturbing email where several of my credit cards from Citi have had their limits reduced. Email quoted / enclosed below.
Q: I did not authorize for them to look up my credit ...
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574
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Best way to deal with a $2700 Collection for unpaid apartment expenses
I am looking to rent a townhome and I have a credit score of 762.
Over a month ago I got a notice about a new account on my credit report, so I look into it. $2800 collections notice from an ...
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Why Is My Application Being Sent To The Fraud Department
I have good credit and no credit problems. To verify, I just pulled a TransUnion report and it was clean. Recently, I tried to open an account at Navy Federal Credit Union. Everything was going fine, ...
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How do I remove a charge-off from my credit score?
I currently have a credit score of 667. The only negative note I have is from a credit card where I owed $4,100 but failed to make any payments for 22 months. That debt was eventually charged-off. ...
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How to add missing items to credit report
I recently paid off 100% of my debt. It was in default for more than 7 years. My credit report showed these accounts in default, then the accounts were eventually removed from the credit report ...
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2
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A bank application mentioned I opened a home loan recently. I never did. Should I be worried?
I've been looking to move away from Evil Bank Corporation for a while now, and in the process of applying for New Shiny Bank they wanted to verify my identity by asking for my social and asking for ...
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Are self-lending loans legitimate?
In the credit building/repair industry, there are some companies offering self lending. That is, you take a loan in the form of deposit in a savings account. Then you pay it in monthly installments ...
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What is a good (or even possible) option for a car loan for me? [duplicate]
I'll start with my current financial situation:
In the beginning of December 2016 I applied for and got a $1,500 line of credit from Discover, in order to begin building credit. I've so far been ...
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2
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450
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UK equivalent of annualcreditreport.com?
From https://money.stackexchange.com/a/52272 I learned that (apparently) US federal law says I can "Get a free copy of your credit report every 12 months from each credit reporting company.", through ...
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4
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Is there any reason to turn down a pre-qualified credit card offer?
I am frequently assailed by unsolicited letters from various credit card companies informing me that I am pre-qualified for credit cards with various goodies such as no annual fee or 0% APR for around ...
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Credit limit increase unauthorized hard pull
I have a Fidelity Rewards credit card, which is managed by Elan Financial services. This is the only credit card that has not had its CLI increased by the provider. I filled out a request a couple of ...
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2
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How to increase CIBIL score?
How to increase cibil score if your credit card and personal repayment history are not consistently good?
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9
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Purpose of having good credit when you are well-off?
I notice people talk about credit scores for many things, but typically they are:
Helping tools for mortgages;
Ability to get better loans;
Ability to get better financing options.
The general ...
user50524
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Not Paying Loan Should I opt for One time Settlement. How will this reflect in CIBIL score?
I have loan. I didn't pay EMI for the past 1 year.
Now the bank has provided me the option of One Time Settlement. This is roughly half of the entire loan.
If I pay the One time settlement , how ...
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655
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Two joint auto loans vs two separated loans
Me and my wife are going to buy two cars, our options can be:
Each of us can get a separated loan for each car.
We can get two joint loans, this way we have two (shared) loans on our credit history ...
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2
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208
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Would it hurt my credit score/report if a company decided to close my account for security reasons?
Recently I received a letter from my credit card company asking me to send them a proof of identity/address as they have frozen my account and doing security checks.
I can't be bothered to send them ...
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4
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573
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Should I apply for more credit cards?
I will be frank. I really want the Chase Sapphire Preferred visa card. I moved to the States in the beginning of this year and have been trying to build my credit, particularly using the Sapphire ...
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2
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302
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Constantly sent advertisements for high-interest credit cards
I'm a 24 year old PhD student with a good credit history. I got a report done about a year ago and verified that there are no black marks on it; I've had a credit card since I was 18 that I've always ...
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3
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Are there any rules against penalizing consumers for requesting accurate credit reporting?
Most credit reports list a consumer's credit accounts and for each month of history on that account, an indication of account status (e.g. 0/30/60/90 days past due). Some credit reports also list the ...
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Is keeping old credit cards and opening new credit cards with high limits and never using an ideal way to boost credit scores?
I was always under the impression to never close a credit card as it can hurt credit. Especially, if you have had it for a long time.
I've also heard that never going over 10-20% of a credit card is ...
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Would open source credit score formulas be feasible?
Do these exist and if they did, what would prevent financial institutions from using them?
More Details:
Let's say that some academics got together and decided that the 3 major US Credit Reporting ...
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Credit Score, Collection from 1 year ago, have not lived in america for 4 years
I used to live in America for 2 years, but i moved back to my home country in December 2012, i will however will be moving back to American next month. I checked my credit score (story behind why in ...
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Is it better to wait until one credit card shows up on my report before applying for any others?
How should you schedule applying for new credit cards if your goal is to not alarm prospective creditors while getting high initial credit limits? For example if approved for a new credit card should ...
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How much will my credit improve if I pay off all the negatives and there's nothing else on it?
My TransUnion is 497, and Equifax is 469. I couldn't remember the information they needed to verify my identity online for the third credit agency.
The only things on the reports are 5 things on ...
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Should I get a auto loan to diversify my credit lines if I have the cash to pay upfront
Background history
I never took a credit card before last year because I have been always fortunate to have sufficient money to cover my expenses and I was under the impression as long as I paid my ...
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How do credit-builder loans show up on credit reports?
To boost folks' credit scores, a financial product called a credit-builder loan provides a loan of cash that borrowers can't spend, which is paid off a bit each month. The primary effect (and benefit)...
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First Credit Card with History
I'm wondering if I should worry about getting a credit card.
I have a history, from student loans, which my banking app tells me is "good". Whenever I look at it it fluctuates between 680 and 710. ...
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