Questions tagged [credit-history]
for questions related to credit worthiness history, related tags credit-score, credit-rating and credit-report
243
questions
13
votes
3answers
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 ...
1
vote
2answers
124 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 / ...
1
vote
1answer
128 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 ...
2
votes
3answers
341 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 ...
2
votes
1answer
152 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 ...
2
votes
2answers
135 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 ...
2
votes
3answers
228 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
1answer
99 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 ...
0
votes
1answer
69 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 ...
12
votes
3answers
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, ...
14
votes
4answers
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 ...
9
votes
3answers
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 ...
1
vote
0answers
56 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 ...
0
votes
1answer
136 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 ...
1
vote
3answers
141 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 ...
0
votes
0answers
101 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
0answers
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 ...
4
votes
4answers
304 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 ...
1
vote
2answers
182 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 ...
-1
votes
3answers
136 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 ...
4
votes
3answers
503 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 ...
17
votes
7answers
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 ...
4
votes
3answers
145 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 ...
1
vote
0answers
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 ...
1
vote
3answers
199 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 ...
0
votes
1answer
82 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 ...
5
votes
2answers
418 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
1answer
378 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 ...
2
votes
1answer
155 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 ...
0
votes
0answers
41 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 ...
1
vote
1answer
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 ...
0
votes
2answers
159 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
1answer
139 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 ...
2
votes
1answer
519 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 ...
0
votes
2answers
103 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 ...
1
vote
6answers
354 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 ...
1
vote
1answer
141 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
1answer
199 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
1answer
107 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 ...
-1
votes
1answer
592 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
4answers
407 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, ...
0
votes
1answer
161 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 ...
2
votes
3answers
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
8answers
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 ...
10
votes
1answer
397 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 ...
3
votes
1answer
118 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/...
2
votes
1answer
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 ...
2
votes
1answer
125 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 ...
5
votes
2answers
169 views
Does opening a checking account cause a hard credit pull?
I was going to open a new bank account, particularly the Wells Fargo promotion that puts $400 in your account if you meet some direct deposit requirements.
I called and asked if they will do a "hard" ...
-1
votes
5answers
237 views
Getting an auto credit history without buying a car
I’ve graduated college and got myself a pretty solid engineering job. And think it’s time for a new car.
I’m looking at some of the nicer cars in the $100k range.
The problem is I’ve never had a ...