A credit score is a weighted number computed to determine your credit worthiness, and is relevant when arranging for credit or a loan. This tag is to be used for questions related to understanding how things would impact your credit score. Related tags are credit-history, credit-rating and ...

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41 views

How to build a U.S. credit history as a worker on a visa?

I am 30 and looking serious at moving to the United States to take a lucrative (career wise) job. Assuming I get the job offer and accept it, how can I go about getting credit in the US? I am from ...
2
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3answers
189 views

Differing Credit Scores [duplicate]

I have gotten into checking my credit scores recently. I have it setup to check once a month on mint, and I also check it about once a week on credit Karma. Today I noticed a discrepency. On my ...
2
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1answer
71 views

Auto Loan just to improve already excellent credit

My credit score is pretty close to 800 (around 780 IIRC). I'd like to do what I can to push it over the line. Loan diversity looks to be the best option. I'll be buying a car soon, and could pay ...
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0answers
17 views

How to troubleshoot identity verification issue when requesting credit report?

I have a long credit history (slightly more than 2 years) and so far I have no success in requesting my free credit report. There is a small caveat, I am successfully able to verify my identity at one ...
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4answers
117 views

Do “Instant Approved” credit card inquires appear on credit report?

I have a very good credit score (just shy of excellent) and I wanted to purchase a fairly pricey item on Amazon. They have a couple of decent credit card offers, one with Chase that gives you $70 ...
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3answers
109 views

What is the difference between the closing date and due date for a credit card?

I just got my first credit card ever to begin building a credit. I got the chase credit card called Freedom. I have heard so many stories of credit cards that I got a little scared and that is why ...
2
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2answers
58 views

How can I judge loan availability?

I want to apply for home loan ( I am from India ). But I did not know If I am qualified for loan or not. Previous history is that I already have a home loan for a property through my family. That ...
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3answers
89 views

Equifax credit score discrepancy in 1 month, why?

I just went to Citi Bank's website (which gives free FICO scores from Equifax for users of some credit cards) and I realized that the score I saw there was a whopping ~50 points higher than the number ...
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1answer
49 views

Does it affect our credit score if we refinance one mortgage and apply for a new one within a short span?

We're considering moving from our current home by purchasing a new one prior to selling the old one. However, we refinanced the loan on our current home less than a full year ago (approx 9 months ...
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1answer
103 views

Defaulting on early termination charges out of a phone contract

I was wondering what the consequences are: is your credit history ruined, or merely dinged? Is the blow recoverable? Can the carrier try to get the money back in court? I assume you'll wind up ...
0
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2answers
112 views

What is the best credit card for someone with no credit history

A little background, I've never had a credit card and I'm seriously due for a credit check as I've never had one. I've applied to numerous credit cards and I've been declined every time. I hold a ...
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0answers
53 views

Should I try to get an old late credit card payment removed?

I have a Capital One credit card that had a "$40 Maximum Delinquency of 30 days in 2011". It was paid after 30 days in 2011 and was a simple mistake from an annual auto renew charge for a website ...
2
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1answer
47 views

Will being added as an authorized CC user help or hurt in the short term?

I have a Fico score of 700. My spouse has a Fico score of 780. We are applying for a new home mortgage during the next couple of months. If I get added as an authorized user to one of her credit card ...
2
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0answers
58 views

How soon (after your first credit card statement ever) do you get a credit file/history in Canada?

How many days after your first credit card statement EVER does one get a credit report on file with one of the two Canadian bureaus? I'm trying to develop Canadian credit on my first credit card and I ...
3
votes
5answers
248 views

How to increase my credit score

I have a bank account in UK since 9 months ago, and just have a debit card, didn't buy anything with credit before. I have a pay monthly mobile sim card, Today I went to buy a new mobile with pay ...
1
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1answer
69 views

Paying off debts

My debt got sold off to a 3rd party. Do I get in contact with the original lender to pay the debt off? The other debts were with an ISP I once used. But think it has been classed as default. Found ...
3
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1answer
91 views

Should I update my address tied to an old bank account if I'm planning to move again in a couple of months?

I have just realised an old bank account of mine (overdrawn, making irregular payments to counter the interest while I focus on higher priority debts) still has my old address. It's been three years ...
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1answer
96 views

Applied for loans but chosen not to take them, will this look like I was refused?

So I applied for several loans to buy a car, trying to take advantage of the low interest rates at the moment. All of them came back with higher interest rates than were advertised. I've subsequently ...
5
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7answers
2k views

Value of credit score if you never plan to borrow again?

What is the value of a good credit score if the person is so financially independent (AKA wealthy) to the extent of not ever needing to borrow money again in the form of a mortgage, car loan or credit ...
0
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1answer
78 views

When is credit card utilization calculated?

I'm confused on how and when credit card utilization is calculated for one's credit score. Is the credit card utilization percentage calculated based on the maximum balance you had in a given month? ...
1
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1answer
120 views

What impact does trading in a car have on your credit score?

The situation: The term length of your auto financing is 36 months. You decide to trade your vehicle in after 12 months of ownership. You trade in your current vehicle and take out another loan for a ...
5
votes
1answer
212 views

Shopping around for loans without detrimentally effecting credit rating/chance of getting said loan?

I've found myself stuck in a quandary. I put a deposit down on a car and I'm trying to obtain a personal loan based on this. The problem is that I'm finding that despite passing all initial checks ...
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0answers
22 views

consolidate credit monitoring

I'm trying to piece together the best way to monitor my credit. I've recieved notices relating to several breaches over the past year (Home Depot and Target I believe) which entitled me to a certain ...
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1answer
74 views

To prevent credit score decreases, what are the optimal frequency and number of credit card applications in Canada?

The bolded seems anecdotal; is there any official source? http://www.moneysense.ca/debt/know-your-credit-score: While you can check your own credit as many times as you’d like, others can only ...
4
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5answers
306 views

Pay for a cheap car or take out a loan?

I have $2,000 in total in my savings account for a car but I am starting a better paying job in three months and I will need a car to get to it. At the moment, I am biking to my current job. I am just ...
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1answer
43 views

HAMP enrollment and side effects

I am in the process of getting enrolled in the Home Affordable Modification Program through my bank to lower my mortgage payment, which is high because I got my house back in 2007 and haven't ...
2
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3answers
111 views

Does APR also depends on credit score?

I know that a good credit score means access to higher credit limits, but how the APR is affected? While I always pay off the whole balance on my credit card, but I am interested in lower APR, because ...
4
votes
2answers
120 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 ...
0
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2answers
258 views

FICO score provided by discover card legit?

Recently Discover Card has started putting a FICO score on my statements. I was wondering how accurate this score is. Is it an approximation or accurate? What would be other ways (free/paid) to ...
3
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1answer
119 views

Is it safe to use credit Karma?

Is that safe to share my credit information with credit Karma, to have my credit score? How they use this information?
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1answer
379 views

Can cancelling of the newly opened credit cards increase a credit score?

I used to have 5 credit cards in excellent standing : no late payments, credit card utilization < 10%, average age of 0.75 years, total credit line $12K, FICO credit score 725 Last month I got ...
1
vote
1answer
91 views

How can I take out a personal loan as a minor with a co-signer other than my parents?

I'm currently in the process of buying a truck worth $8,000. The seller will only hold the truck for me for a week. It is a private party selling the truck (through craigslist) I currently own a ...
2
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1answer
210 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 ...
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1answer
213 views

Does being on the board of a bankruptcy-declaring company affect my credit rating?

If I am on the managing board of a company which declares bankruptcy, will it affect my personal credit rating? I am particularly interested in Western Australia.
2
votes
1answer
104 views

Better to get loan from finance company or bank considering the drop of credit score?

I want to know if there's a difference between getting personal loan from a finance company or a bank, considering the drop of credit score/grade (assume all other aspects are exactly the same)? I've ...
1
vote
1answer
74 views

How is Average Length of Credit determined by the Credit Agencies?

Say I get 10 credit cards in one day and hold them for 10 years. My Average Length of Credit is 10 years. Say at that point I open and close a credit card in 0.1 year. Is my Average Length of Credit ...
0
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1answer
265 views

Balance transfer from Wells Fargo to Chase

I have had a Wells Fargo Credit Card for about 3 years with a limit of $3100 and a chase bank credit card since January with a limit of $3000. Wells Fargo is charging me close to 13% and chase has its ...
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1answer
272 views

Urgent advice on used car purchase nightmare

I purchased a used vehicle almost 2 years ago and it was breaking down so i decided to turn it in. I was pre-approved through my credit union for $20,000 at 100%. My current loan is upside down by ...
3
votes
1answer
120 views

What effect does a high credit line have on a mortgage?

I have received a letter from my credit card company increasing my credit line and when I spoke about this with a co-worker, they told me that I should request that the company does not increase my ...
2
votes
4answers
645 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 ...
0
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1answer
160 views

Can everybody affect your credit score?

I have been screwed over paying too much for my public transport a few times. The last 3 weeks they have auto topupped me with a disabled credit card, so now it evens out. I use a UK Blue Oyster Card ...
9
votes
1answer
182 views

Is credit score an international thing?

I have moved from the Netherlands to the United Kingdom and credit score is a big thing here, while afaik there is no such thing in the Netherlands. Will a positive or negative credit score in the ...
1
vote
1answer
119 views

What mix of credit lines and loans is optimal for my credit score?

Mint.com just told me my credit score. It says in the advice section: Try to have a good mix of credit lines open. Creditors like to see that you have both loans and credit cards. If you're low ...
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0answers
28 views

Knowing the bad credit (for loans) in Austria (KSV and similar)

In Italy there is a good service (to be payed about 30€) which access to the information owned by this databases though an easy interface. http://www.mistercredit.it/ Of course you can also have the ...
3
votes
3answers
232 views

What is too much credit utilization on credit card?

Is credit utilization looked by card or total credit? Say I have three credit cards with the following utilizations: Card A Limit: $30000 Balance: $25000 Utilization: 83% Card B Limit: $20000 ...
2
votes
2answers
118 views

Will not using a credit card affect my credit score?

I'm keep receiving the messages such as: We notice you aren't using your X Card. Call X for a PIN, ... Or X for a new card. So the question is, how Credit Card inactivity impacts my credit ...
18
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4answers
3k views

Do credit checks affect credit scores?

I've heard what I believe to be a myth surrounding credit scores being affected by companies (loan, mortgage etc.) checking your file. I used to have an experian account, and I noticed quite a few ...
2
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1answer
78 views

Raising My Credit Score as a Student

I'm still a student, and I: 1) Have been lucky enough to get a scholarship through my schooling and do not have student loans. 2) I currently live in a city without the need for a car (and actually, ...
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1answer
98 views

Does your total credit limit or debt affect how much new credit you will receive?

Say a friend of mine owns 10 credit cards with a total credit limit of $100,000 with total CC debt of $10,000. Does the total credit limit affect how much new credit will be approved? Does CC debt ...
5
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2answers
776 views

Why was my Credit Limit Increase Denied?

I applied for a credit line increase from Capital One a few weeks ago. A few days ago I got a letter indicated that the increase request was rejected. The two reasons stated were: Primary ...