for questions related to credit worthiness history, related tags credit-score, credit-rating and credit-report

learn more… | top users | synonyms

2
votes
0answers
44 views

Building credit history as a young foreigner

I moved to the US for college, and have decided to stay in the Bay Area. As soon as I found my first internship, I applied for a credit card. Currently, I have 3 credit cards, and the oldest card is ...
3
votes
1answer
45 views

What constitutes “Account Activity” in a debt collection timeline?

Let's say a person has a debt that charged off several years ago. They receive a time boxed, partial amount payoff offer from a Credit Agency that purchased the debt from the original lender. Do they ...
0
votes
0answers
41 views

How to stop old item on my credit report from “refreshing”?

I found out here that bad items on your credit report are supposed to drop off after seven years. I have an unpaid credit card from 5 or 6 years ago that should drop off soon but apparently it was ...
1
vote
1answer
45 views

What are the easier to qualify home loans in Canada?

I have only 6 unpaid things on my credit report. The small things add up to only $17XX.00 but the oldest thing, an unpaid credit card from 5 or 6 years ago, has nearly doubled to $11,000 due to ...
2
votes
1answer
80 views

Mortgage rate shopping - 14 day period

I'm currently in the 14 day period since my credit (all 3) were pulled for a Mortgage Application. A second lender pulled my credit today (still in the 14day period) and surprisingly, the new inquiry ...
2
votes
1answer
193 views

Does not having the full (good) payment history on report negatively affect me?

I've had my credit card since 2006. My credit-report reports the following: Status: Open/Never late. Date Opened: 06/2006 Reported Since: 06/2011 Date of Status: 09/2014 Last Reported: 09/2014 ...
2
votes
4answers
563 views

Should I pay half a large balance this month before I get my CC statement?

I have a CC with $6k limit. I normally spend between $0 and $1k on it and pay the balance in full every month. This month I have $4k on it. If I wait until I get a statement to pay it off, will the ...
6
votes
2answers
144 views

I recently moved to the UK. Should I do something to build a credit history?

As the title says, I recently moved to the UK and obviously I don't have any credit history there but I think it would be a good idea to start building one, especially because sometimes in the (not ...
4
votes
1answer
1k views

Can a company run a credit check on me without my permission?

I understand that sometimes when dealing with companies over the phone or over the counter, they need to run a credit check. I would have thought that as a courtesy they would at least tell you this ...
3
votes
2answers
61 views

Equifax credit report insurance quotations

I have just ordered a credit report from equifax. The credit report shows up all healthy except for a large number of (genuine) 'insurance quotations'. These are car insurance quotations that I have ...
1
vote
0answers
73 views

How long will defect remain in credit history?

I have read this question/answer that suggests that it takes 7 years for items to clear from a credit file. Is this the same in the UK? And in the meantime, if I have late payments showing on my ...
6
votes
2answers
413 views

How do I deal with a clinic billing mistake that was sent to collections?

Recently I created a CreditKarma.com account so that I can keep and eye on my credit. Upon logging in, I noticed I have a pretty low score (not that surprising since I just opened my first credit ...
3
votes
2answers
136 views

Old Cancelled Cards

I was living abroad during the credit crisis, and a few of my credit cards were cancelled for non-use during the crunch to tighten credit. As a result, I have one older account and several newer ...
0
votes
1answer
120 views

How can I correct a mistake on my Credit Score?

I recently just looked at my credit score to try to figure out why I may have been rejected for a credit card. While it is not bad (between 700-725) it is not awesome either. When going through an ...
1
vote
2answers
90 views

How to improve the late payment score on credit report

I have a question regarding payment history. I am trying to help a friend improve his credit score. My biggest challenge is that my friend has more than 20% in late payments. My question is how to ...
6
votes
2answers
265 views

Is it a good idea to get a mortgage when buying a house, for credit reasons?

I'm thinking about buying my first house, and I'm wondering whether I should get a mortgage from a bank or not. This is mostly because I've heard that getting a mortgage is critical part of building ...
1
vote
2answers
111 views

How can I have credit cards without having a credit history or credit score?

Is your credit history/score like a criminal record? I mean is it always with you? Also, are there other ways to get credit cards besides with a bank? I want inside my credit score without having a ...
6
votes
3answers
329 views

Why was my credit card just cancelled?

I have had a credit card with Bank of America for many years. I also have a long-standing card with another bank, a Sears card, and a newer card (< 2 years old), for a total of 4 credit card ...
9
votes
1answer
221 views

Myth, or not: If using a secured card to build credit, paying off in part each month has more benefit than paying in full?

Does paying off a secured credit card in full each month not allow me to build a credit history? I'm asking because reading about regular credit cards indicates that paying in full helps build a good ...
4
votes
1answer
310 views

How do I get a debt settlement letter to agencies to erase bad credit details on the three reporting agencies?

I have just settled a debt with a collector and received a settlement letter. They told me they don’t report to creditors. How do I get this information to agencies to erase bad credit details on ...
1
vote
1answer
123 views

Credit Card vs Personal line of Credit

I have a question regarding the effect of opening a Personal line of Credit. I know for a fact that opening a new Credit card reduced the "Average age of credit history". Will a personal line of ...
5
votes
2answers
140 views

Is it advisable to take small planned loans before going for a huge home loan?

The area that I am focusing on is related to get lower interest rate when applying for a house loan 4-5 years down the line. After graduating from school and having a job, the credit score> ...
8
votes
3answers
242 views

Does a balance transfer from a credit card affect our credit score?

If we do balance transfers from our credit card, pay more than the minimum payment within the due date and payoff the entire amount slowly within the specified time-frame, does it improve our credit ...
3
votes
2answers
288 views

Is the age of my parents' credit card helping my credit more than the balance is hurting it?

I am listed on one of my parents' credit cards with an account age of 37 years. I am 28. This makes my credit history very very old — 37 years old — and significantly older than my oldest credit card. ...
1
vote
1answer
95 views

How long will it take for my credit score to reflect my name having been taken off a mortgage?

As part of divorce settlement (January 2011) my ex was required to remove me from our Mortgage and Home Equity Loan ($600,000). For 23 years we made timely payments, so there was no BAD DEBT - just ...
7
votes
1answer
127 views

If my identity is stolen, is there another way to authenticate identity to the major credit bureaus other than my credit history?

Supposedly, one is able to monitor their credit rating with the three major credit bureaus to prevent/stop identity theft. However, the yearly report can only be viewed by answering questions about ...
5
votes
2answers
202 views

How can I get a home loan within 2 years of bankruptcy?

About 1.5 years ago I had my bankruptcy discharged. Now, the lease on my house is up and I have about $7k for a down payment on a small starter house (they asking $55k) However the 2 places I have ...
1
vote
1answer
240 views

How can I get approved for a store credit card?

How is a person supposed to get approved for a store credit card if they have insufficient credit history? I just received a secured Visa card, but am wondering how long it will take to establish a ...
4
votes
2answers
839 views

How do the personal finances of additional cardholders affect your reputation?

I have excellent credit myself, but I have on my account an additional cardholder (family) whose credit isn't so spectacular. (They only use the card for emergencies and always deposit cash in my ...
3
votes
3answers
442 views

How will making monthly student loan payments before grace period ends affect credit?

I recently graduated with student loan debt, and my grace period will be ending soon. Most of these loans are subsidized, meaning I do not pay interest until the end of my grace period. If I begin ...
9
votes
2answers
3k views

How do I fix my credit score when I have bad things in my credit history?

I am trying to improve my credit score and have been looking for companies to take charge of this effort. But I found them to all be shady at best so I have taken the task upon myself. I have not yet ...
3
votes
1answer
557 views

Credit History from ITIN to SSN

I am an international graduate student on an ITIN (I recieve fellowship and not assistantship so I am not eligible for SSN). I will be changing to a job that allows me to have an SSN next July. Right ...
3
votes
1answer
86 views

Does it make sense to remove old entries from my credit report?

On my credit report, I have a ton of stuff that ended in 2002, 2003, 2004. Theoretically speaking, these items should not be on my credit report due to age. None of these items are negative. ...
6
votes
6answers
679 views

Is NO credit history the same as BAD credit history?

I found the following article which said If you don’t use a card at all, you have no credit history. That’s almost the same as bad credit history. 1) Do they mean the same? 2) If YES, why? ...
0
votes
1answer
356 views

What percentage of your credit card limit should you use [duplicate]

Possible Duplicate: What is the optimal ratio of used credit to credit limit for your credit score? Does length of credit history or percent of credit used count for more? I just read ...
3
votes
3answers
591 views

Bank statements - should I retain hardcopies for tax or other official purposes (or keep digital scanned copies)?

Should I retain bank statements hardcopies for tax or other official purposes? Or are scanned digital copies valid in such circumstances? I am a salaried employee with no other income and fairly ...
1
vote
1answer
6k views

How long to wait before refinancing a high interest car loan, after improving credit history?

I had no choice but to finance a car loan at a pretty disgusting rate (14%) thanks to "insufficient credit history" back in the end of September. My credit score was good. Now it's January; I've been ...
15
votes
4answers
3k views

What can I realistically do to raise my credit score?

I have a crappy credit score. My situation in a nutshell: In the divorce, the ex got the home, which was then foreclosed on. My name was still on the mortgage. That was in 2009 or so. I attempted ...
6
votes
3answers
2k views

Why do lenders do a hard pull when they can do a soft pull instead or are these different reports?

After I was done with my month long credit card applications to establish a credit history, I read and discussed more on how to build a good credit history. During my conversations, I spoke with a ...
2
votes
1answer
593 views

Paying off all your credit cards but one before statement generation date : helpful?

Some people advocate paying off all your credit cards but one before statement generation date, and maintain a utilization of no more than 9% on that card Here is my understanding and information I ...
2
votes
4answers
1k views

Should I pay off my car loan within first year or wait until at least one year has passed?

I have the capability of paying off my car loan of around $15,000 by end of June next year, however this loan started this month. I have heard loans/accounts kept open for more than a year are on ...
6
votes
2answers
251 views

What happens to my credit card or line of credit if my bank goes bust?

What happens to my credit card or credit line if the bank goes bust? I'm not concerned about the BALANCE on them, I'm concerned about losing an older credit line and its effect on my credit history ...
5
votes
2answers
84 views

If there's no credit report at one of the three agencies does this affect decisions by creditors to offer me credit?

This is a very naive question, but I don't know much about this. I asked a similar question before, but the emphasis was different. I managed to get a credit report through Experian and Equifax (and ...
4
votes
3answers
168 views

What proactive measures can be taken before or when a lender closes your credit card?

A blogger and contributor here recommended Digital Federal Credit Union (DCU) as a possible lender in my search for cash secured credit cards to establish my credit history, and I got approved for one ...
4
votes
2answers
1k views

How bad would maxing out my credit card once a year affect my score

I just got approved for a $1500 cash secured credit card from Wells Fargo. This means I have no credit history whatsoever, and am going to use this card to establish one. With fall semester at ...
6
votes
3answers
764 views

What are my chances at getting a mortgage with Terrible credit but High income

I want to get a house in the near future(ideally within 6 mo. to a year) and my credit is very poor right now. Basically, I was working in a job that I could barely make it on, and missed payments on ...
7
votes
3answers
3k views

Ways to establish credit history for international student

I am a student on a F1 Visa in the US. Being a non US Citizen and on a student Visa, I am unauthorized to work off campus, and so I am restricted to work upto 20 hours a week on a hourly wage and ...
12
votes
2answers
358 views

Should I keep recently opened Credit Cards that I don't use?

After investigating these questions (1 and 2) I am still in doubt in what to do with my current situation. I have many credit cards because over the years I have been given better deals on them. So I ...
6
votes
4answers
196 views

What's a good next step in rebuilding my credit rating?

Here's a summary of my current position: Current credit rating of 600/610 (I think. I'm positive it was in the lower 600's 4 months ago) I've had a card for a year, $500 limit, no late payments, ...
9
votes
2answers
7k views

Will upgrading my credit card affect my credit history length?

Background: I recently graduated from college. I have had a student credit card (Visa) with Wells Fargo since 2008 and it is my only credit card. Obviously, I do not want the history of this card to ...