Questions tagged [credit-history]

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

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5 votes
1 answer
341 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 (...
user11122233341's user avatar
0 votes
1 answer
111 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 ...
whoisit's user avatar
  • 103
11 votes
4 answers
3k 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 ...
Matthew Hua's user avatar
4 votes
1 answer
353 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 ...
top ROOKIE's user avatar
1 vote
1 answer
243 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 ...
perennial_noob's user avatar
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 ...
will's user avatar
  • 203
1 vote
1 answer
162 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 ...
Julius Hamilton's user avatar
1 vote
2 answers
70 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 ...
user avatar
0 votes
1 answer
222 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 ...
Liyak 's user avatar
-2 votes
1 answer
120 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 ...
user avatar
3 votes
1 answer
222 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?
JobHunter69's user avatar
1 vote
1 answer
81 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 ...
User65535's user avatar
  • 440
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 ...
Vectorizer's user avatar
1 vote
2 answers
166 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 / ...
Yev's user avatar
  • 111
1 vote
1 answer
154 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 ...
ohmycredit's user avatar
2 votes
3 answers
372 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 ...
Paulb's user avatar
  • 151
2 votes
1 answer
171 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 ...
paulj's user avatar
  • 1,157
2 votes
2 answers
260 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 ...
user4910112's user avatar
2 votes
3 answers
251 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.
Aatreyee Eitland's user avatar
0 votes
1 answer
211 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 ...
user avatar
1 vote
1 answer
113 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 ...
user avatar
12 votes
3 answers
6k 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, ...
Daniel's user avatar
  • 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 ...
user avatar
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 ...
user avatar
1 vote
1 answer
358 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 ...
user avatar
0 votes
1 answer
192 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 ...
user avatar
1 vote
3 answers
204 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 ...
WBT's user avatar
  • 2,905
0 votes
0 answers
105 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 ...
Jose Mendoza's user avatar
3 votes
0 answers
79 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 ...
Andrew's user avatar
  • 131
4 votes
4 answers
570 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 ...
Very Tiny Brain's user avatar
1 vote
2 answers
203 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 ...
EUgirl's user avatar
  • 11
-1 votes
3 answers
197 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 ...
Sam's user avatar
  • 321
4 votes
3 answers
513 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 ...
Sam's user avatar
  • 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 ...
Sam's user avatar
  • 321
4 votes
3 answers
192 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 ...
Leo's user avatar
  • 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 ...
robbieperry22's user avatar
1 vote
3 answers
687 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 ...
Leo's user avatar
  • 53
0 votes
1 answer
99 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 ...
Andrew Cheong's user avatar
5 votes
2 answers
481 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 ...
Matthew Jendrasiak's user avatar
0 votes
1 answer
492 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 ...
Alex R's user avatar
  • 170
2 votes
1 answer
193 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 ...
Andy's user avatar
  • 123
0 votes
0 answers
53 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 ...
Ken - Enough about Monica's user avatar
1 vote
1 answer
85 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 ...
schizoid04's user avatar
  • 2,735
0 votes
2 answers
171 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 ...
DarkTygur's user avatar
2 votes
1 answer
163 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 ...
user278411's user avatar
2 votes
1 answer
622 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 ...
Dugan 's user avatar
  • 2,582
0 votes
2 answers
116 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 ...
Daveh0's user avatar
  • 123
1 vote
6 answers
605 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 ...
user92136's user avatar
1 vote
1 answer
146 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 ...
Stressed4Success's user avatar
2 votes
1 answer
244 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 ...
BlueishVelvet's user avatar

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