Questions tagged [credit-history]
for questions related to credit worthiness history, related tags credit-score, credit-rating and credit-report
260
questions
0
votes
1
answer
46
views
Does payment in the UK with UK billing address by using an EU debit card influence your UK credit score?
As per the title; additional clarification: the payment is in GBP and my debit card is registered at an EU address. I'm paying by using a paper payment slip, and I don't think that mismatch between ...
- 17
0
votes
1
answer
43
views
What is the effect of filing a CCPA deletion request to the the credit reporting agencies?
Credit reporting agencies are required to comply with consumer privacy laws. Some of them, like TransUnion, do so transparently. They report they had 275 deletion requests, of which all 275 they ...
- 331
8
votes
3
answers
2k
views
How can a senior finance building a home with no current credit score but good equity in current home?
Many seniors have paid off their mortgages and car loans and haven't needed to borrow money in years, hence have no current credit score. Senior wants to downsize home but there is nothing suitable on ...
- 339
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 (...
0
votes
1
answer
128
views
How to maintain high credit score while opening too many credit cards?
Multiple credit cards have new user promo offers ($100 off first payment or similar).
I wish to take full advantage of these offers, and open about 4 new credit cards within the next year.
However, I ...
- 103
11
votes
4
answers
4k
views
0 APR Promotional Offer For Credit Cards
I’m currently learning about personal finance and I just found out that there are some credit cards that will give zero interest rate for a certain period of time (10-20 months).
I know that to get a ...
- 115
4
votes
1
answer
493
views
How can I open a student bank account when I am getting rejected for not having enough credit history?
I am presently a university student in the United Kingdom. I attempted to establish a student bank account through HSBC, but my application was declined due to a poor credit score. After some online ...
- 41
1
vote
1
answer
357
views
Should I put my mortgage in deferment?
Times have been rough! I lost my job and despite interviewing I have only been ghosted by recruiters and companies. I have started offering tech/software consulting services but given I am new to the ...
- 1,936
10
votes
3
answers
6k
views
How do I raise my credit score from 720 to 800?
My FICO 8 score is 721 and my VantageScore 3.0 is 735. I have opened 2 accounts in the past 2 years:
An AMEX Gold card in October 2022
$30k loan in May 2022 to purchase a vehicle
I also have a 30 ...
- 203
1
vote
1
answer
174
views
Why can't you see your credit score at all times?
I've just seen over the years that you can check your credit score now and then and sometimes it might lower it a small amount just to check.
Why isn't credit some transparent function of various ...
- 141
1
vote
2
answers
83
views
What is effect of full settlement on credit report
Suppose one has delinquency on credit cards that show R9 on the credit report. If he settles the credit card company with full payment, the credit report will show the status of settlement of full ...
anon
0
votes
1
answer
284
views
F1 visa and credit card debt
I am currently in the US on an F1 visa and I have over 4000$ 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
-2
votes
1
answer
125
views
How credit score is improved after debts are paid off
Here is a scenario for the credit score improvement I am interested in. Suppose a person can not pay the credit card debts for over 6 months. This is very bad for his credit score because unpaid cards ...
anon
3
votes
1
answer
267
views
Can debt collections show up on my credit report if the collectors haven't contacted me first?
Can debt collectors report to credit bureaus when they haven't contacted me yet?
- 335
1
vote
1
answer
83
views
Are there publicly available data to demonstrate the predictive power of credit scores?
Credit reference agencies assign and distribute a credit score for individuals based on their financial behavior. The implication is that this score has predictive power, such that an individual with ...
- 486
13
votes
3
answers
3k
views
What happens to your credit score on prolonged absences from the US?
What happens to your personal credit score when you live overseas for over a decade while only maintaining a checking account and a credit card(used only on the short trips back to US), but no ...
- 233
1
vote
2
answers
183
views
Getting a HELOC to buy an investment property with bad credit but fully paid off house
I've been doing a lot of research but can't seem to find a definitive solution to my somewhat unique situation.
My wife and I own an investment property in PA (currently used as a short term rental / ...
- 111
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
381
views
Why do Credit Card companies reduce credit lines?
For the second time this year, I've had a credit line reduced. I can't think of why. My accounts are paid off monthly, my FICOs are all in the 800s. By any measure I'm a good risk, what does it matter ...
- 151
2
votes
1
answer
173
views
Unexplained FICO drop of 140 points [duplicate]
My FICO score dropped from 815 to 675 (a drop of 20%) as reported by two credit cards two months ago.
I ordered three credit reports, including one from Lexis Nexis.
I do not see any oddities. No late ...
- 1,156
2
votes
2
answers
372
views
Is it possible to force-update Equifax that a specific credit card balance has been paid off?
I called credit card issuer and they told me that they reported the latest $0 balance to credit bureaus.
I logged in creditkarma.com and can see that at least Transunion report shows latest $0 balance ...
- 709
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.
0
votes
1
answer
301
views
If I get a credit card without providing a SSN/ITIN, will they still report my activities like normal?
I am a new student in US with no SSN/ITIN at the moment. I want to apply for unsecured Bank of America credit card and secured capital one and citi/US bank credit cards. But I don't know if I get ...
user109157
1
vote
1
answer
188
views
Do secured and unsecured credit cards have a different effect on credit history/score?
I have a regular credit card from Bank of America, and I want to apply for another secured credit cards from capitol one and citi or US bank. What I want to know is:
1- Are there any differences ...
user109157
12
votes
3
answers
7k
views
Is it common practice for credit card company to demand to see your income tax forms?
I recently applied for a credit card that my wife has. I was responding to a great offer that I believe this credit card company sent me based on my good credit score and so on.
When I applied online, ...
- 355
14
votes
4
answers
4k
views
Is it better to have/use more credit cards to build credit history/score?
If someone has a credit card with $5,000-$10,000 credit line, and the average amount of monthly payments of this person is around $1500, what is the best scenario for this person to increase their ...
user109157
9
votes
3
answers
3k
views
Will closing a checking/saving account have a bad effect on my credit report?
I opened a saving and a checking account in Chase bank. But I decided to close them. I want to know will this has a bad effect on my credit, etc?
I also like to know should I pay money to close my ...
user109157
1
vote
1
answer
465
views
What will happen if I remove myself as an authorized user of a credit card?
If I am an authorized user of a credit card for a period of time and the card owner has a good credit score and has a positive effect on my credit report, if I want to remove myself as an authorized ...
user109157
0
votes
1
answer
200
views
Which is better to build credit score? Becoming an authorized user of another credit card or get a personal secured credit card?
I am new to the US with a F-2(student dependent) visa, I want to have credit history and build credit score in the US. I think I have three options but don't know which is better to do or maybe better ...
user109157
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
0
votes
0
answers
106
views
Vehicle Trade-In
An ex-girlfriend and I took out a car together. After breaking up, she decided to trade in the car and get a new one. The dealership sent me a Power of Attorney form to fill out to have our car used ...
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
4
votes
4
answers
877
views
Should I open a second credit card just to improve my credit score?
I have one credit card, which is the only line of credit that I've ever had. I've never missed a payment, keep my credit utilization ratio reasonably low, and haven't had any other negative impacts on ...
- 205
1
vote
2
answers
208
views
How long after being denied for a credit card should I wait to apply again?
I live in the US since November 2019 and have been an authorized user on my partner's credit card since then, which resulted in a credit score of 787.
I opened my own bank account in October 2020 with ...
- 11
-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
4
votes
3
answers
516
views
Keep secured credit card open?
I am young and want to try to start building credit. The tellers at SunTrust advised that I start with a secured credit card, and eventually I will transfer to an unsecured one. Is the transfer like ...
- 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
4
votes
3
answers
223
views
Will hard pull affect my credit score even if I don’t currently have one?
Background
I’m an international student who is currently on OPT
I just received my SSN 2 months ago
I have never applied for any credit card at any bank in America
I don’t have any student loan or ...
- 53
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
0
votes
1
answer
100
views
How long does it take for a major payment to influence better terms on credit cards or personal loans?
I have ~$10K in cash "thanks" to way overpaying IRS the previous 2 years. I'm not very good at doing my own taxes, apparently.
I can use it to pay off some credit card debt, which is ...
- 873
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
1
answer
519
views
Best Buy bait-and-switched me into applying for a credit card, how and when should I cancel it?
I'm buying a new $3,000 fridge from Best Buy and during the check-out, I was offered the opportunity to apply for a store card in exchange for a 10% discount "on first day of purchases". I ...
- 170
2
votes
1
answer
201
views
How to finance a car when I have credit history but no active credit cards or loans
I paid off 30k of student loans and a 26k car (which I no longer own) years ago, and I had two credit cards at one point, but I foolishly decided I didn't need them and closed both credit cards ...
- 123
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 ...
1
vote
1
answer
87
views
Does Mortgage Forbearance affect future refinances?
Assuming my credit score is unaffected, if I were to apply for the mortgage forbearance for people affected by the coronavirus, and then later (say 1 year after the forbearance period is over), if I ...
- 2,755
0
votes
2
answers
173
views
What is the effect of closing an account immediately after it is opened?
I applied for a credit card, intending to use an offer for no interest for X months on a purchase from the retailer offering me the card. They accepted the application, but informed me that I couldn't ...
2
votes
1
answer
191
views
Is it standard that a mortgage company won't pull your credit report while you're living abroad?
I'm going to be moving back to the states soon after living in Canada full a few years. I called wells Fargo to look into getting a mortgage today, and they told me that they will not pull my credit ...
- 687