Questions tagged [credit-report]

A credit report gives out the credit history, credit score. Often used interchangably with Credit Score. This tag is to be used for questions related to credit report. Related tags are credit-history, credit-rating and credit-score.

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0
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2answers
180 views

Do all collections accounts show up on a credit report?

When running credit reports for potential tenants, I sometimes see accounts which are closed and charged off as a "profit and loss write-off". I also sometimes see collection accounts. That being ...
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3answers
2k views

Is my credit score affected by making payments in parts?

On a bank's website, I read that part payments affect credit score. Avoid part payments. It doesn’t really help and affects your score. There are times when amount due on my card is 20k, and I pay ...
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4answers
98 views

Payment plan with bank or negotiate with collection agency?

If I have a credit card bill that's months over due, I assume my credit is already shot because of the bill being overdue. The bank sent a notice that if I don't respond within a certain amount of ...
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3answers
235 views

Is keeping old credit cards and opening new credit cards with high limits and never using an ideal way to boost credit scores?

I was always under the impression to never close a credit card as it can hurt credit. Especially, if you have had it for a long time. I've also heard that never going over 10-20% of a credit card is ...
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1answer
131 views

How do I remove a charge-off from my credit score?

I currently have a credit score of 667. The only negative note I have is from a credit card where I owed $4,100 but failed to make any payments for 22 months. That debt was eventually charged-off. ...
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1answer
133 views

What should I know before applying for a student loan? Should I pay off all or as much of my CC debit first?

Before taking out a student loan, would it be best to pay off as much of my Credit Card as possible to help get the best APR%? I have 1 CC with a $5000 limit unused. I have another with $7500 on a $...
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1answer
124 views

How to add missing items to credit report

I recently paid off 100% of my debt. It was in default for more than 7 years. My credit report showed these accounts in default, then the accounts were eventually removed from the credit report ...
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4answers
2k views

Should I pay an erroneous bill in collections if it is a tiny amount?

I have a very small bill amounting to $43. I was billed this amount when a medical services company sent me a product that I did not order. (It was probably ordered on my behalf by a doctor I visited....
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1answer
83 views

If bank can give less home loan than PAL offered based on my credibility

I have applied PAL (Pre approved home loan ) for a bank. Bank have approved the amount what I needed. When I confirmed with them, they assured they have check my cibil and credibility before approving ...
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2answers
282 views

Is a bank obligated to report information on your credit report?

Is a bank obligated or required to report information on your credit report? I was reading this question and I thought that banks did not have to report information about a loan to the credit ...
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1answer
42 views

Nationality/Residence on US credit report?

Is the Nationality and Residence Status saved on my credit report? Do and should I report a change in my status report to the credit bureaus or to the issuing bank? I am asking because I know that ...
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3answers
2k views

Does having multiple credit cards contribute to “credit mix”?

Right now, the only credit account I have is one credit card, which I've had for about two years. If you don't count as debt the couple hundred dollars I put on that card and pay off in full each ...
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7answers
17k views

Didn't apply for credit card but got an application denied letter?

I was recently forwarded a letter by the owner of my old address that turned out to be from a credit card company, informing me my application had been declined. Ignoring that this letter was sent to ...
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1answer
3k views

Why did my credit score plummet in a week? [duplicate]

I check my credit score on Credit Karma every week just to make sure everything is ok. Every now and then the score goes up a point, sometimes based on utilization it goes down a point or so. However,...
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3answers
284 views

How to lower percentage of credit card usage to improve credit?

I recently took a big hit on my credit score it went from 730 something to 686 from utilizing 60% or so of my credit card balance. I use my credit card for almost everything and pay off the balance ...
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2answers
337 views

UK equivalent of annualcreditreport.com?

From https://money.stackexchange.com/a/52272 I learned that (apparently) US federal law says I can "Get a free copy of your credit report every 12 months from each credit reporting company.", through ...
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1answer
212 views

How long before proper credit card utilization counteracts the hard inquiry?

I know this will depend on personal factors, but let's aim for a rule of thumb. They say not to apply for credit anytime before asking for a loan, and this question is not specifically for that ...
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6answers
3k views

Why is a US credit score based on credit utilization?

As a European citizen I am somewhat puzzled by how American credit scores work. The US is one of the few, possibly the only country where such a strong focus is put on the utilization history of ...
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2answers
222 views

Is any credit reporting agency less likely to remove a disputed item than the others?

Between TransUnion, Equifax and Experian: is any agency more anti-deletion than the other agencies? I have two items to dispute: one I can prove is incorrect and the other an unpaid credit card that ...
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3answers
3k views

How can I get my incompetent utility company to remove late payments on my credit report?

My FICO score dropped 100 points after my incompetent utility company posted false late payments. It had been 780 prior to the late payments. I have a legitimate case but they are so bureaucratic and ...
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2answers
7k views

How to remove late payment of student loan from report (credit report dispute failed)

About 6 years ago, I became 'late' on some payments to the then Sallie Mae. I am current now (have been ever since) although because it was three loans from the same company, there are three bad marks ...
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1answer
279 views

Credit limit increase unauthorized hard pull

I have a Fidelity Rewards credit card, which is managed by Elan Financial services. This is the only credit card that has not had its CLI increased by the provider. I filled out a request a couple of ...
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3answers
293 views

Credit Score, Collection from 1 year ago, have not lived in america for 4 years

I used to live in America for 2 years, but i moved back to my home country in December 2012, i will however will be moving back to American next month. I checked my credit score (story behind why in ...
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2answers
200 views

Would it hurt my credit score/report if a company decided to close my account for security reasons?

Recently I received a letter from my credit card company asking me to send them a proof of identity/address as they have frozen my account and doing security checks. I can't be bothered to send them ...
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2answers
263 views

How is an inquiry on the credit report different from checking credit score?

I was reading on some posts on Money.SE about how inquiring on the credit report is not good because it lowers your credit score. It seems to me however that whenever you have a credit card that ...
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3answers
178 views

Are there any rules against penalizing consumers for requesting accurate credit reporting?

Most credit reports list a consumer's credit accounts and for each month of history on that account, an indication of account status (e.g. 0/30/60/90 days past due). Some credit reports also list the ...
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3answers
151 views

Is it better to wait until one credit card shows up on my report before applying for any others?

How should you schedule applying for new credit cards if your goal is to not alarm prospective creditors while getting high initial credit limits? For example if approved for a new credit card should ...
2
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2answers
729 views

Would open source credit score formulas be feasible?

Do these exist and if they did, what would prevent financial institutions from using them? More Details: Let's say that some academics got together and decided that the 3 major US Credit Reporting ...
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4answers
6k views

What can I realistically do to raise my credit score?

I have a crappy credit score. My situation in a nutshell: In the divorce, the ex got the home, which was then foreclosed on. My name was still on the mortgage. That was in 2009 or so. I attempted ...
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1answer
116 views

How CIBIL Credit score will impact for 2 unsecured loans?

I have 2 loans. One I am paying on time correctly. Another one I am paying partially. How it will affect my CIBIL Credit score?.
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5answers
920 views

Why Am I Having Such A Hard Time Getting a Credit Report?

I have always heard about evil credit card companies preying on vunerable college students. I find that quite interesting, considering I've found it impossible to get a credit card! Even more ...
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1answer
3k views

Does Bank Of America Credit Card Report to All Credit Agencies?

I was added on my fathers Bank of America visa credit card about a year ago. Recently getting my credit reports I saw that only one had the card listed (Transunion). The other two (Equifax and ...
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5answers
1k views

Got charged ridiculous amount for doctor's walk in visit. What are my options?

I went to a local doctor's office that takes walk ins. The visit was normal, they took my vitals, doctor saw me, and prescribed some meds. A few weeks later I got a bill in the mail for $400. That'...
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3answers
405 views

Do company benefits, such as HSA or pre-tax commuter plans, that open up accounts in my name affect my credit report or score?

My company offers a couple different benefit plans that provide me with an account where funds get added and I can charge expenses to. For example, I now have an account and a debit card with a bank ...
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2answers
380 views

How do credit-builder loans show up on credit reports?

To boost folks' credit scores, a financial product called a credit-builder loan provides a loan of cash that borrowers can't spend, which is paid off a bit each month. The primary effect (and benefit)...
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1answer
273 views

Should I communicate with a collections agency to dispute a claim after it's been deleted from my credit report?

A little over a month ago, I received a voicemail from a debt collections agency stating that they wanted to collect on $200 from an apartment complex that I moved out of 6 months earlier. I assumed ...
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3answers
620 views

I've started two credit agency disputes with the originators of the credit (CC company and a bank). Is there anything more required from me?

I found a CC that I had nothing to do with opening on my credit report. I called the issuing company and told them as much and they opened a dispute with the 3 agencies. Also, in an effort to increase ...
6
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2answers
352 views

How do the CRAs (Equifax etc.) know my occupation?

I just checked my credit reports for the first time and my job is listed on each report. How do the CRAs get this information and why do they list what job I have?
2
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1answer
435 views

Will having a credit freeze still allow a hard inquiry on my credit report?

If I have my credit files frozen with the 3 major bureaus, and I apply for a credit card or attempt to take out a loan, my understanding is that I should be immediately denied - as expected. But will ...
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1answer
160 views

Holding Multiple Credit Cards. Does the credit limits add up and work together? [duplicate]

So lets say I have the following credit cards with the following limits: $1,500 $8,500 $9,000 If they all sat at 0 usage, and I was to charge one of them at say $3000 and let that sit on 0% APR for ...
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1answer
258 views

Canceling a heavily used Credit Card to pick up a new one

I've heard people say if you cancel a credit card it hurts your credit score... not sure how true that is. Anyway... I have a credit card with a $8500 limit that I push a good $2000+ through a month ...
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1answer
622 views

Privacy preferences on creditworthiness data

Many US banks issue a privacy statement to their customers (for this question, assume a credit card customer) containing language like what's below, followed by a yes/no "Do we share?" and yes/no "Can ...
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1answer
74 views

Does a Canadian Equifax credit report have one's age on it?

I have never got a credit report before and I want to know whether it includes age because I need to show it to rent a place but I'm not comfortable with anybody knowing my age. Credit reports from ...
2
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1answer
3k views

How do I fix a “red flag” regarding my SSN on my credit file?

According to the agent I talked to in myFICO.com, the reason I've been having so much trouble trying to get my credit report is because there is some kind of a problem with my SSN in my credit file. ...
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1answer
113 views

Possibly an error on my credit report, what can I do?

I recently obtained a copy of my credit report. There's one collectable item from Comcast Cable back in 2011 worth $93 that I was supposed to owe (which I don't recall). I dialed Credit Protection ...
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1answer
147 views

Is it ok to just report to 1 credit bureau instead of all 3

I work for a company that reports customer account activity to all 3 credit reporting agencies (Experian, TransUnion, EquiFax) which requires a lot of effort and opens us up to a lot of risk if care ...
10
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1answer
318 views

Might it make sense not to look into debt that is in collections?

I happened to glance at my credit report and one of the agencies shows that I have a debt of just over $100 in collections. It appears to be from an emergency room in a previous state (I moved about 6 ...
3
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3answers
389 views

Improve credit score by removing adverse account

So my wife and I are trying to improve our credit scores in preparation to buy a house. I don't have any adverse things on my report, but my wife has one. She had a US Bank account a few years ago ...
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1answer
828 views

Demat & Trading account will reduce Cibil score?

I have opened Trading Demat Account before 2 years. But i used only 2 months. Will it reduce cibil score?
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1answer
184 views

How Secure credit card Increase Cibil Score?

I have Low Cibil Score(628). Take Example, I buy secure credit card say for Rs.25000, and i get Credit Limit as Rs.20,000.I do use Secure credit card 50% every month.And i pay EMIs correctly. Than ...