Questions tagged [credit-report]

A credit report provides an individual's credit history, including their credit score. This tag is to be used for questions related to overall credit report, of which credit score is just one part. Related tags are credit-history.

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1 answer
58 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 ...
7 votes
2 answers
2k views

Does a late mortgage payments hurt credit score if it was made within the grace period?

I'm a first time homeowner (USA) and just started making mortgage payments. My loan was sold to a different servicer within the first month of the loan, so I only made one payment to the first ...
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0 answers
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How long will 3 month late stay on the credit report?

In US/Canada (and many other countries), R9 is a very bad mark that will stay on the credit report for 7 years. 2-month/3-month late in payment is less severe than R9. I wonder how long 2-month/3-...
-2 votes
1 answer
104 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 ...
0 votes
1 answer
116 views

Which is worse for credit score: requesting the closure of a retail card or letting it close due to inactivity?

I applied and was approved for a TD Retail Card Services store credit card about two weeks ago but ultimately did not use it for my purchase. The card is currently sitting at $0 balance, and I do not ...
0 votes
2 answers
531 views

Is it worth paying Experian to remove personal information?

I hit the "Scan the dark web" button on the Experian web site. I got: Is this really an issue and if so is this worth upgrading my account?
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3 votes
1 answer
143 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?
1 vote
2 answers
207 views

My credit utilization went down from 19% to 2%. Why did my credit score go down?

According to multiple different credit score trackers, between last month and this month, the only change on my credit report was a significant decrease in my credit utilization (from 19% to 2%), ...
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1 vote
1 answer
167 views

Why didn’t my credit score fully recover after paying off a collections account?

My credit score went down 58 points due to a medical collection account that got reported. I ended up paying the account in full and submitting a request for it to be removed from my credit report. ...
1 vote
1 answer
141 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 ...
1 vote
2 answers
142 views

Is credit card activity reported to credit bureaus when you carry zero balance at the end of each month?

I've read that it's important to continually demonstrate responsible activity with credit cards. If I pay my balance to zero each month, are the credit bureaus aware of my responsible activity or do I ...
2 votes
3 answers
233 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
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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
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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1 vote
1 answer
108 views

Is it normal for a Single error in credit report to make a big impact on one's credit score?

I just generated my credit report and it gave a score in the orange. Looking through the details in the report, I see only one "red mark" -- so presume this is the only thing that is ...
0 votes
2 answers
335 views

Is there any catch in life time free credit cards against fixed deposits?

Many banks have offerred me life time free credit cards because of my good credit score. However, there are some banks which did not offer any life time free credit card. However they offer credit ...
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1 vote
1 answer
161 views

What does it mean when your credit report says you have 3 open accounts?

Looking at a credit report online, it says three open accounts. What does that mean? Are those the accounts that are owed money on? And how does that differ from a closed account?
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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 ...
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4 votes
4 answers
350 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 votes
3 answers
161 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 ...
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4 votes
3 answers
169 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 ...
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0 votes
2 answers
72 views

In the United States, which organizations conduct background checks? [closed]

If you Google "background check" there will be many many websites operated by people who are happy to take your money. Suppose that you own a house. You want to conduct a background check on ...
0 votes
2 answers
106 views

How do credit apps know credit details and scores even if there is a freeze on the credit records?

I went to apply for a loan online and was automatically denied because I had placed a freeze on my credit records after the data-breaches a few years ago. How is it that mobile apps (e.g. Credit Karma)...
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5 votes
2 answers
447 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 ...
1 vote
0 answers
46 views

Name variation on credit report in the UK, reason for concern?

I have three surnames, so my full legal name is generally written here (HMRC, DVLA, passport, pay slips) as: Forename Surname#1 Surname#2 Surname#3 I pulled my credit report and my current account ...
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1 vote
1 answer
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What constitutes inaccurate in a credit report?

What constitutes inaccurate in a credit report that can be disputed? I swear I have read everything I can online and its still confusing. If the current amount owed has been lowered with payments and ...
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0 votes
3 answers
117 views

Should I have to unfreeze my credit for a bank I have an existing relationship to pull my credit?

I have my credit frozen with all three credit bureaus. In my opinion it is a big pain to have to unfreeze, because I have to remember all the details to go to three web sites and jump through a bunch ...
user avatar
1 vote
2 answers
403 views

Dealership ran my credit and then texted me and told me the truck was priced wrong. What can I do?

Called a dealership to buy a truck over the phone. I told him I wanted it and that I was going to have them finance it. First time over the phone purchase because of COVID-19 San Antonio, Texas Price ...
0 votes
4 answers
1k views

Credit score dropped 73 points after applying for a new card?

Why did my credit score drop from a 762 to a 689? According to creditkarma I got hit with: JPMCB-Card Service: Opening a new account can temporarily lower your score because it adds a hard inquiry ...
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2 votes
1 answer
92 views

Giving a loan: one large cheque vs. many small ones

Suppose I want to give someone a loan of $10,000, to be returned in a year. Naturally I would ask him to give me a single postponed cheque of $10,000 for a year. But I thought of a second option: ask ...
2 votes
3 answers
190 views

Soft credit search without my permission

I recently bought a wallpaper sample for £1.99 online from a well known decorator company. I did not apply for credit for this purchase and paid the full amount at the time of purchase. I have since ...
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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 ...
4 votes
2 answers
274 views

Authorized user on parents credit card, will it affect credit?

My sister just applied for a credit card and got denied. Shes never had a loan, always paid her current credit card in full every month, and should have essentially perfect credit (though maybe not ...
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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 ...
3 votes
2 answers
231 views

Credit utilization ratio, in practice

So, I am new to the US credit card system, and I have read about the credit utilization ratio around. Everyone talks about it as being the percentage of your current balance over your current credit ...
3 votes
2 answers
569 views

How can I regain my credit history after having legally changed my name?

In 2015, I opened a CreditKarma account to monitor my credit even though I had no credit history at the time. In 2017, I successfully applied for a secured credit card with a low credit limit based ...
1 vote
6 answers
429 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 ...
4 votes
1 answer
211 views

Is it normal to be asked to include detailed financial information on a home rental application?

I'm submitting a rental application for a privately-owned townhome in the US. The application asks for more detailed financial information than I have ever had to provide on past applications. It asks ...
1 vote
1 answer
84 views

Constraints and penalties for freezing and thawing credit report

I live in the U.S. and am interested in learning more about "freezing" one's credit report. When one freeze's a credit report for a particular bureau, does that prevent new creditors from adding ...
6 votes
3 answers
5k views

Can I request a credit item be removed from my report as soon as it is paid in full?

I live in the U.S. and have two scenarios: On my credit report (doesn't matter which bureau), I have one account that I was never late on, paid on time each month, and is now finally paid off in full ...
0 votes
1 answer
76 views

Possible to purchase credit reports more than once a year?

I live in the U.S. and although I am well aware that I am entitled to a free annual credit report once a year, I am open and willing to purchase my credit reports (from each bureau) more frequently ...
2 votes
1 answer
201 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
181 views

Equifax data breach and correct credit monitoring service for $125

for the Equifax Data Breach , there is $125 being paid for people affected , previously one only needed to choose and the cash portion or the credit monitoring by Equifax. As most of the people has ...
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4 votes
4 answers
331 views

Difference between credit report issued by a credit reporting agency and credit karma credit report

I use Credit Karma to check my credit score and report. I'm also aware that I can consent for businesses or persons to request a credit report on me from a credit reporting agency (equifax, transunion,...
0 votes
1 answer
182 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 ...
1 vote
1 answer
101 views

Are there negative consequences to having multiple credit monitoring services?

I already have one credit monitoring service that I am not paying for due to a security breach somewhere many years ago. I am not 100% sure but I think it expires/ends in a few years. My data was ...
0 votes
3 answers
169 views

Why are free credit reports available only once per year?

Consumers have access to a free annual credit report from each of Equifax, Transunion, and Experian thanks to the Fair and Accurate Credit Transactions Act passed in 2003. However, this may be too ...
1 vote
1 answer
135 views

Inappropriate credit report hard inquries

I'm an international student in the US. Three weeks ago I decided to buy a used car. I found a great option at an official manufacturer dealership. I wanted to buy it fully for cash. After a little ...
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1 vote
2 answers
132 views

Would Getting (and Paying) an Installment Loan Benefit My Mortgage Rate

I am planning to buy a house (in the US) in about 9-12 months. I've read from different resources that an installment loan may boost my credit score if I make my loan repayments on time, as this is ...
0 votes
3 answers
250 views

As authorized user why is the credit utilization of the primary card showing in my report

My wife added me as an authorized user on her credit card account and I received a card with my name. The credit limit is still the same and is shared. I have recently started seeing it in my ...

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