All Questions
Tagged with credit-score credit-report
153
questions
0
votes
1
answer
55
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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 ...
user132398
0
votes
1
answer
45
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
5
votes
1
answer
402
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
129
views
How to maintain high credit score while opening too many credit cards?
Multiple credit cards have new user promo offers ($100 off first payment or similar).
I wish to take full advantage of these offers, and open about 4 new credit cards within the next year.
However, I ...
- 103
1
vote
1
answer
178
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Why can't you see your credit score at all times?
I've just seen over the years that you can check your credit score now and then and sometimes it might lower it a small amount just to check.
Why isn't credit some transparent function of various ...
- 141
1
vote
2
answers
83
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What is effect of full settlement on credit report
Suppose one has delinquency on credit cards that show R9 on the credit report. If he settles the credit card company with full payment, the credit report will show the status of settlement of full ...
anon
0
votes
1
answer
298
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F1 visa and credit card debt
I am currently in the US on an F1 visa and I have over 4000$ 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
9
votes
2
answers
3k
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Does a late mortgage payments hurt credit score if it was made within the grace period?
I'm a first time homeowner (USA) and just started making mortgage payments. My loan was sold to a different servicer within the first month of the loan, so I only made one payment to the first ...
- 232
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1
answer
125
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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
0
votes
1
answer
151
views
Which is worse for credit score: requesting the closure of a retail card or letting it close due to inactivity?
I applied and was approved for a TD Retail Card Services store credit card about two weeks ago but ultimately did not use it for my purchase. The card is currently sitting at $0 balance, and I do not ...
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3
votes
1
answer
274
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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
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2
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344
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My credit utilization went down from 19% to 2%. Why did my credit score go down?
According to multiple different credit score trackers, between last month and this month, the only change on my credit report was a significant decrease in my credit utilization (from 19% to 2%), ...
- 177
1
vote
1
answer
200
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Why didn’t my credit score fully recover after paying off a collections account?
My credit score went down 58 points due to a medical collection account that got reported.
I ended up paying the account in full and submitting a request for it to be removed from my credit report.
...
- 145
1
vote
1
answer
165
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
1
vote
1
answer
197
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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
1
vote
1
answer
111
views
Is it normal for a Single error in credit report to make a big impact on one's credit score?
I just generated my credit report and it gave a score in the orange. Looking through the details in the report, I see only one "red mark" -- so presume this is the only thing that is ...
- 113
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votes
2
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555
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Is there any catch in life time free credit cards against fixed deposits?
Many banks have offerred me life time free credit cards because of my good credit score. However, there are some banks which did not offer any life time free credit card. However they offer credit ...
- 131
3
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0
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81
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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
925
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
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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
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3
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233
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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
2
answers
121
views
How do credit apps know credit details and scores even if there is a freeze on the credit records?
I went to apply for a loan online and was automatically denied because I had placed a freeze on my credit records after the data-breaches a few years ago. How is it that mobile apps (e.g. Credit Karma)...
- 151
5
votes
2
answers
491
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
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4
answers
3k
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Credit score dropped 73 points after applying for a new card?
Why did my credit score drop from a 762 to a 689?
According to creditkarma I got hit with:
JPMCB-Card Service: Opening a new account can temporarily lower your score because it adds a hard inquiry ...
- 281
2
votes
3
answers
532
views
Soft credit search without my permission
I recently bought a wallpaper sample for £1.99 online from a well known decorator company. I did not apply for credit for this purchase and paid the full amount at the time of purchase. I have since ...
- 21
0
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2
answers
175
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 ...
3
votes
2
answers
239
views
Credit utilization ratio, in practice
So, I am new to the US credit card system, and I have read about the credit utilization ratio around. Everyone talks about it as being the percentage of your current balance over your current credit ...
- 131
1
vote
6
answers
835
views
Applied for car loan and got denied: No credit history or no credit file
I am currently looking for a loan to purchase a new vehicle. I just called my bank, and after briefly discussing with them, they said that I can apply to a 2.74% loan. This is the best I have found so ...
- 11
0
votes
1
answer
195
views
When does credit card utilization matter?
I'm learning more about credit before I get a credit card, and I read that it's advised to never use more than 30% of your credit card's limit.
Let's say someone has a $2000 credit line and he spends ...
- 103
1
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1
answer
1k
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Are there negative consequences to having multiple credit monitoring services?
I already have one credit monitoring service that I am not paying for due to a security breach somewhere many years ago. I am not 100% sure but I think it expires/ends in a few years.
My data was ...
- 111
1
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2
answers
274
views
Would Getting (and Paying) an Installment Loan Benefit My Mortgage Rate
I am planning to buy a house (in the US) in about 9-12 months. I've read from different resources that an installment loan may boost my credit score if I make my loan repayments on time, as this is ...
- 125
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3
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541
views
As authorized user why is the credit utilization of the primary card showing in my report
My wife added me as an authorized user on her credit card account and I received a card with my name.
The credit limit is still the same and is shared.
I have recently started seeing it in my ...
- 1,936
3
votes
1
answer
389
views
Credit score on credit card application is much lower than reported credit score on Experian
My girlfriend applied for a credit card and was approved. The approval letter included her Experian score, which stated a score of 645 (I don't remember the exact number, but that neighborhood). She ...
- 259
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2
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185
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How can I force a reconciliation between VantageScore 3 and FICO® Score 8?
My wife's credit score via VantageScore 3.0 (via CreditKarma, which is based on TransUnion data) is 790.
In contrast, My wife's credit score via FICO® Score 8 is 670 (also based on TransUnion data)....
- 253
1
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2
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213
views
Impact on credit score of opening and closing accounts
I'm planning on buying a house sometime in the Winter of 2020 to spring 2021.
Currently, my credit score is about 770 and I have the following open credit lines:
A 2.5 year old $25,000 Prosper loan ...
- 85
1
vote
3
answers
290
views
Large credit score drop
I use Mogo to review my credit score every month.
I just moved to Canada so it took a while to even kickstart my rating, however, Mogos history shows.
Dec (2 months after I got my credit card) - ...
0
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1
answer
259
views
Please help me increase my credit score. Take a look
Its been a journey paying off old debts and getting some creditors to wipe the slate clean. Below is my current situation. Any tips/recommendations on which way to go? 2 accounts are closed.
- 119
5
votes
1
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382
views
Can my neighbours affect my credit report and/or credit score?
My wife and I live in a single building (in London, England) which contains three flats/apartments.
We rent our flat privately (private tenants, renting from a private landlord) and the other two ...
- 211
0
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3
answers
175
views
Auto loan finance for building credit
I recently moved to the USA and I have no credit history. I want to buy a car that costs $18,300. My down payment will be $12,000 and I will finance the balance at 15.4% (extremely high!) over 36 ...
- 101
2
votes
1
answer
3k
views
Does paying off my credit balance before the due date for a lower utilization rate hurt my score?
Last month I opened a cash rewards credit card with Bank of America. I am worried about my credit score, as my first closing date was the end of September. I paid off the balance that I used a ...
- 23
5
votes
3
answers
533
views
Can you hurt a nonexistent credit score?
I am a student, I just started my sophomore year. I have always been very financially responsible. Now, I want to start building my credit, so I did my research and applied for a student credit card. ...
3
votes
2
answers
211
views
What is the most efficient way to dispute an invalid collection on a credit report?
I had a surgery and a ton of medical issues. All but one thing went through insurance. The healthcare provider for that one thing went straight to collections. I contacted them, and my insurance ...
- 131
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2
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527
views
Can U.S. car dealerships pull your entire credit report or just your FICO score?
In the U.S. can car dealerships pull your entire credit report, or just your score if you go into them to apply for a loan? Of all the research I've done, it sounds like its just your FICO score that ...
- 383
1
vote
1
answer
213
views
How does this credit scoring work?
I live in the UK, where credit referencing agencies are seen by many (myself included) as the devil. They hold a lot of life-critical information about me but they don't want to share that info, not ...
- 999
0
votes
3
answers
183
views
How will having two active credit accounts with different balances affect my monthly credit scores?
I heard that with the new FICO model, they want you to spend ten percent or less of your credit limit to keep your scores from dropping.
I recently applied for a second credit card, one with four ...
- 282
2
votes
1
answer
185
views
Collections account on one credit report yet CreditKarma reports my scores are almost the same. Why?
I've been fighting with the credit reporting agencies to get an incorrect collections account removed from my report. Two of the three have complied, but TransUnion is being very stubborn. It's been ...
- 1,876
0
votes
1
answer
141
views
How do credit checks work?
How do credit checks work?
I am considering a loan to a person who doesn't have credit and isn't eligible to get a loan from a bank.
How does the logic of credit checks work? At least, I hope to ...
- 1,117
1
vote
1
answer
213
views
How much can owning part of a liquidated company affects my credit score?
As part of my employee compensation when I started working for a small startup, I got 5% of the shares. The company didn't make it and the founder wrote me to tell me that he's going to liquidate it, ...
- 11
5
votes
4
answers
3k
views
Should I pay credit card balance to ZERO, or just the balance due?
I have a credit card set to pay the balance due in full on the due date automatically, so I don't pay interest. By the time the due date hits, my actual balance is of course, almost double the ...
- 175
20
votes
1
answer
4k
views
If you put a freeze on your credit, will your credit score stop changing?
I have placed credit freezes at all three agencies in the US. I have existing debt that I am paying on time, will the credit freeze stop that activity from being recorded and helping my credit score?
- 301