Questions tagged [credit-history]
for questions related to credit worthiness history, related tags credit-score, credit-rating and credit-report
245
questions
2
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1
answer
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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?
- 147
1
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1
answer
72
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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 ...
- 194
13
votes
3
answers
3k
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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
135
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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 / ...
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1
vote
1
answer
135
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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
353
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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
161
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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 ...
- 1,043
2
votes
2
answers
157
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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 ...
- 613
2
votes
3
answers
232
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
107
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 ...
- 852
0
votes
1
answer
79
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 ...
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12
votes
3
answers
5k
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, ...
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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 ...
- 852
9
votes
3
answers
2k
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 ...
- 852
1
vote
0
answers
58
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 positive effect on my credit report, if I want to remove myself as an authorized ...
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0
votes
1
answer
148
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 ...
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1
vote
3
answers
179
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 ...
- 2,904
0
votes
0
answers
102
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
78
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
336
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 ...
- 143
1
vote
2
answers
192
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
138
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 ...
- 311
4
votes
3
answers
505
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 ...
- 311
17
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 ...
- 311
4
votes
3
answers
167
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
45
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
247
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
86
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 ...
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5
votes
2
answers
434
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
404
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 ...
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2
votes
1
answer
162
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
42
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 ...
- 4,016
1
vote
1
answer
83
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 ...
- 2,710
0
votes
2
answers
163
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
143
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 ...
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2
votes
1
answer
543
views
Is selling tradelines safe?
I recently learned about selling tradelines. As far as I understand it users with credit cards with long credit histories and large limits sell authorized user positions to people looking to improve ...
- 2,542
0
votes
2
answers
106
views
Can prior credit card accounts with a specific bank affect your chances of approval for a future card with the same bank?
I had a Citi Mastercard for several years. About a year ago, I hit a couple bumps in the road and ended up having to settle with a collection agency on the account and it now shows up on my credit ...
- 123
1
vote
6
answers
405
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
1
vote
1
answer
142
views
18 year old building credit
I'm 18 and currently my credit score was 524, only because theres an overdue bill of $500 from when I was a minor in my derogatory marks. I have disputed it through credit karma for Tranunion and it ...
2
votes
1
answer
200
views
Will Freezing My Credit Score Help Me Hide My Current Address?
I grew up in an abusive household and don't speak to my parents.
Recently they found out where I live - very far away from them - and showed up unannounced at my door.
I understand my credit report ...
2
votes
1
answer
108
views
Change credit card, keep age of credit line?
I have two credit cards that charge fees and have significantly downgraded their value to me. In both cases I would like to switch to no-fee versions of the same card, but I don't want to reduce my ...
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-1
votes
1
answer
691
views
How soon can I close Amazon rewards credit card after opening?
I got the card today for the $70 sign up 'Gift Card', only have 2 other credit cards with $5,000+ limits with $0 balance on both and want to know when I can close the Amazon account. I only spent ....
3
votes
4
answers
410
views
Will my credit score go down if I don’t borrow money for few years?
My credit score is relatively high. Due to personal circumstances I don’t intend to use my credit cards for the next 3 years. I won’t be getting any loans either.
At the moment I have no debt at all, ...
- 383
0
votes
1
answer
174
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
2
votes
3
answers
288
views
Can you build credit history without getting a credit cards or taking on debt?
As far as I know I have no credit history as I have never had a loan or credit card. I buy things using a debit card tied to my credit union bank account and prefer not to have a credit card at all. I ...
8
votes
8
answers
7k
views
Credit score and financing new car
Little bit about my situation-
Bought a car with cash about 5 years ago, at the time it was a year old. That car is now a total loss and I’m receiving about 5k for it from my insurance. I’m now in ...
- 81
10
votes
1
answer
427
views
Medical bill sent straight to collection agency
I was very surprised to receive a letter from a collection agency regarding a medical bill incurred during my wife's pregnancy last year. We never received any correspondence via mail, e-mail, or ...
- 103
3
votes
1
answer
126
views
first credit card for H1B worker
I see a question Looking to get my first credit card but that seem to focus on students. I have a friend, who just came on H1B with zero credit history. The bank that has the regular account for him/...
- 1,217
2
votes
1
answer
119
views
Does it make sense to open a lot of no-fee credit cards to reduce credit utilization?
Within a week of starting to my new job, I am planning to open a lot of (5, maybe more) no-fee credit cards in order to lower my credit utilization. I am not planning to use any of these new cards at ...
- 21
2
votes
1
answer
144
views
Can I dispute an accidental submission of a credit application?
Can I dispute an accidental submission of a credit application?
I left some information out, and a family member submitted a credit card application with out my consent.
I was going to apply for a ...
- 111