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

0
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0answers
26 views

Credit Utilization and Score. Early re-payment

I feel like this may result in the same unanswered question but I'm gonna ask it anyway just in case we can get a definitive answer. Does paying off your credit card (before a statement is generated) ...
4
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0answers
118 views

Is it actually necessary to notify the big three USA credit reporting agencies, on a death?

Typical advice is to notify Experian (888-397-3742), Equifax (800-685-1111) and TransUnion (800-888-4213) on the death of an individual. However, is this really needed? The banks seem pretty good ...
0
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0answers
45 views

Average Credit Age vs. Number of Accounts

I'm looking to apply for another credit card. I have a few specific ones in mind, so I'd like to build some credit history before I apply. I've been told before I don't have enough "credit history". ...
2
votes
1answer
94 views

Is there a way to authorize release of credit check for a landlord, without revealing actual social security number?

I'm staring at an Apartment Owners Association of California form, for a rental application. I'm perfectly willing to have my credit checked, regarding a rental property. But I'm nervous about giving ...
2
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0answers
33 views

Should I remove a closed account in my credit history?

In my country, after a credit account (e.g. credit card, loan, mortgage) is closed, I have the option to request for this account to be removed from my credit history provided that there were no late ...
5
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2answers
443 views

How to build a credit history, for a 78 year old with none? Turned down for secured card

I helped a 78 year old neighbor apply for a secured credit card but he was turned down for having "no credit history". He has had no credit cards for 30-40 years, no credit accounts, nothing. On ...
1
vote
1answer
91 views

Does paying off my credit balance before the due date for a lower utilization rate hurt my score?

Last month I opened a cash rewards credit card with Bank of America. I am worried about my credit score, as my first closing date was the end of September. I paid off the balance that I used a ...
0
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2answers
357 views

Is it a reasonable request for $1,000 credit limit increase?

I currently have the Barclay Apple Rewards credit card which I received on 06/2018 with a $1,000 credit limit. I used it to finance the purchase of a $950 iPad for school. I was given 12 months to ...
4
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3answers
259 views

Can you hurt a nonexistent credit score?

I am a student, I just started my sophomore year. I have always been very financially responsible. Now, I want to start building my credit, so I did my research and applied for a student credit card. ...
3
votes
2answers
337 views

Effect on credit score of paying everything in one shot

Will paying everything at one shot help your credit score more then paying it quickly but over a few months?  To me, the former suggests a lottery winning or inheritance while the latter suggests ...
1
vote
1answer
133 views

Does the maximum amount ever owed affect credit score?

I have heard some people say that one of the factors lenders consider is the maximum amount that you have ever owed at one time. This appears on your credit report as the "highest balance" (1,2) or "...
1
vote
1answer
95 views

Is it a good idea to make a lump-sum payment to pay off a personal loan, even if I want to build credit history?

I have recently received some money that I could use to repay my personal loan, however I am not sure if doing that, is a better idea than continuing paying the loan normally, with instalments taken ...
2
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0answers
64 views

Is it possible to tell if someone is a U.S citizen or not just by looking at their credit report? [duplicate]

I am not sure if this question fits this stack exchange, but I could not any other that seemed more appropriate. Here it goes. Say person A is a U.S citizen with 3 years of credit history. Person B ...
0
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0answers
56 views

How do I find out what is the minimum credit rating for a grad school loan (or undergrad) without a cosigner?

I'm in the US, and I'm trying to make a decision about my educational strategy. I have a basic idea of what I can do for unsecured undergrad bank loan, and what credit rating I would need. How can I ...
1
vote
1answer
246 views

Dispute credit history hurt unknowingly by parents

This is question is about my friend's current situation that I found out about and now my dad and I are trying to help him. Background: My friend (22) had to go to the hospital (I believe he was 18+ ...
7
votes
3answers
275 views

What is the most financially appropriate approach to flipping and selling this home?

A few years ago, I purchased a home at $142,000 that has 12 bedrooms, 4 full bathrooms, a workroom, a basement with cement flooring, and an attic. In my divorce, it was awarded to me, as my ex was ...
0
votes
1answer
76 views

Understanding credit-score fluctuations [closed]

Recently an old credit account that I've had sitting idle was closed due to inactivity. I get credit-score updates from the issuer (who still maintains the credit account that I actually use), and ...
2
votes
4answers
214 views

No credit history. How to improve rating?

My partner and I are hoping to get a mortgage and buy a house in the next few years. A potential problem is that I have essentially no credit history and thus I have a low credit rating. (My partner ...
-1
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1answer
159 views

How to transfer credit history to another bank?

I am planing to make first credit card (BOA secured credit card). Also, I want get UA explorer card later (I understand it is need high credit score). I am trying to build credit history by this BOA ...
1
vote
3answers
99 views

Credit after a car loan

I just passed year two of my car loan and I'm planning to use my tax refund to pay it down. This will most likely shorten the loan a year. I'm thinking about how I can keep my credit score and such ...
4
votes
2answers
168 views

Student loans and credit score

A friend of mine hasn't been paying his student loans off in years now and obviously his credit has suffered. This friend is convinced that if he waits out 7 years of the loan it is taken off his ...
1
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0answers
48 views

Regarding leasing removal

I am living in shared accommodation. I am a student and not working yet so I don't have a SSN. But due to some reason I want to move out from apartment and my name is also on the lease, so I need all ...
25
votes
6answers
7k views

Should I, as a young person, get a credit card with “bad” conditions?

I'm a twenty year old in Russia, not enrolled in education, working full-time officially for a software development company. I'm earning a taxed steady income that can be considered decent, yet when I ...
3
votes
3answers
198 views

When / how is credit card interest charged? [duplicate]

I'm currently a student in college in the United States. I have a scholarship, and I work, so I'm in the fortunate position of earning more money than I'm spending. I have a credit card, but pretty ...
1
vote
0answers
36 views

Does business credit score transfer over when you incorporate from a sole proprietorship?

I have a newly registered sole-proprietorship in Canada that I am trying to build credit for. If later down the line I decide to incorporate my business, will the business credit score from my sole-...
2
votes
2answers
435 views

Authorized user on Lowe’s credit card (only credit history besides phone bill) how will this affect me when applying for an auto loan?

I’m 18 with a credit score of ~719. My grandfather added me on his Lowe’s credit card ($8,000 limit). He’s had this credit card for over two years and it shows up on my credit report as if I’ve had it ...
1
vote
1answer
85 views

Affect of Credit card Utilization rate on Credit scores (for Balance Transfer)

Scenario 1: Two Credit cards have 50% utilization rate each Interest savings are moderate Convenience factor - medium Scenario 2: One card has 90% utilization rate. Interest savings are higher as ...
1
vote
1answer
95 views

Does opening credit cards at different banks impact credit score?

I have been building credit with a card for about 6 years while I went through school. My credit score is decent so I'm looking into opening another card to take advantage of cash back deals and ...
0
votes
3answers
110 views

Best way to build a credit history for a graduate student in the US

I'm a first year graduate student in the US, and I'm considering several options to start building credit history. 1) Apply for a local credit union secured credit card (without annual fee) 2) Apply ...
2
votes
4answers
359 views

How to build up credit fast?

I live in the United States, am around 22 years of age, and recently graduated college with around $12,000 in student loans. I have had a full time job for around 4 months that pays around $55,000 a ...
1
vote
2answers
102 views

Credit Report debt expiration limit: original creditor vs. Collection

I am confused about how the statute of limitations with regards to debt applies to what is reported on an actual credit report from the 3 credit reporting agencies in the United States. Researching ...
2
votes
3answers
279 views

Is it ok to have multiple life time free credit cards?

I am currently having two life time free credit cards. These cards do not charge any annual fees. And another bank is offering me such credit card. I was thinking if I should go for it as its rare ...
6
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2answers
2k views

Credit freeze in UK

I've read a lot that in US people can protect themselves from identity theft by applying credit freeze on their credit history, is there similar option in UK?
0
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1answer
197 views

What is the potential downside to freezing additional credit reporting agencies?

I have had a credit freeze on the big 3 credit reporting agencies for many years, and now I'm hearing about a 4th, Innovis (since the latest Equifax breach). Is there a down-side to freezing Innovis ...
9
votes
1answer
143 views

Credit freeze and affect on perception as credit risk

In light of the Equifax hack I keep reading that people should apply a credit freeze on themselves at the 3 main bureaus. However, someone told me that their mortgage consultant said that placing a ...
5
votes
1answer
92 views

Do lenders have a practical obligation for prompt/accurate credit reporting?

Joe had a high-balance loan from Acme Bank and paid it off. Acme reported to the credit bureaus about every 30 days during the loan, up until the day after the scheduled payoff. On that last day, ...
3
votes
1answer
111 views

In the US, does getting a loan with a cosigner, help your credit rating?

Say person A has plenty of money and income but is new to the US (or for whatever reason) has a near non-existent credit history. Person A has the idea of getting a car loan to help build the credit ...
1
vote
1answer
65 views

Credit card accounts and credit score [duplicate]

I m relatively a new resident in the US. I opened an account with BofA (oct/2016) and after struggles they approved me for their student secured credit card account (700$). After 4 months I applied ...
3
votes
1answer
687 views

Pay or not pay charged-off accounts for mortgage qualification

Several years ago, due to unforeseen circumstances, payments were not made to any credit account and therefore, the accounts are now charged-off, thus ruining the credit score. Its about time that ...
12
votes
2answers
712 views

How do I prevent my ex from making bank and credit card accounts using my son's SSN?

As you may see from the history of my questions, my ex-wife is a financial disaster. Forever out of money, forever on the edge of crisis, forever not wanting to hold down a normal 9-5 job. But show ...
20
votes
4answers
7k views

How to recover from credit score hit from paying off loan?

My credit score recently took a dip after I paid off my student loans recently. When I look at the credit report via mint it shows a "not bad" rating for number of accounts opened. ("not bad" is the ...
1
vote
1answer
645 views

Credit report in Italy

I am Italian, looking to move back to Italy. I'd like to know if Italy has some sort of credit-score or credit history and this is actually checked on mortgage application? Is credit score report ...
26
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4answers
5k views

$7300 medical billing error reported to credit agencies

I opened up a Credit Karma account and noticed a collection in the amount of $7368. It was originated from Eisenhower Medical center. So I called Eisenhower to inquire and after 45 minutes on the ...
0
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1answer
75 views

Credit History and Outstanding Debts in Hungary [closed]

I would like to check the credit history and any outstanding debt (if any) of a person in Hungary. Is there any service that I could contact? I would like to assess if he or she has a good reputation ...
21
votes
5answers
5k views

Confused: Should I be opening more no annual fee credit cards to improve my score with the intention to not use them?

I was told that having more cards and more open accounts was more of a risk factor since you have more credit to abuse. However, this seems to say otherwise that credit trackers actually encourage you ...
8
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3answers
427 views

Do I not have a credit score?

Today I tried to access my credit report for the first time from the three major agencies using annualcreditreport.com. When accessed through Experian, it gave me a generic error that my report wasn'...
2
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2answers
329 views

Opening 5 credit cards at once with no history to ruin, is it a good idea?

I have no credit. I'm a student, who has never had a credit card short of a secured card I had a few years ago that I was poorly advised to close, and now I'm trying to build credit. Conventional ...
1
vote
1answer
699 views

Excessive Credit Check from Comcast

I used to be a customer of Comcast, but left them a long time ago for another ISP. When I started doing business with Comcast, they performed a credit check on me. At that time, I had no issue with it ...
4
votes
2answers
4k views

Can I check US credit score from abroad?

I permanently left the US a few years ago and I am no longer permanent resident. Is there a way to check my own credit score for personal verification purposes (the major credit agencies require a ...
7
votes
2answers
341 views

Can credit cards look at your credit report without your authorization (and reduce existing credit limits)

Just received a somewhat disturbing email where several of my credit cards from Citi have had their limits reduced. Email quoted / enclosed below. Q: I did not authorize for them to look up my credit ...