85 votes
Accepted

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

fine because the application was declined anyway. No it isn't fine. Credit card applications generally need a hard pull, so get it rectified. Firstly check if an application was really made on your ...
user avatar
  • 10.5k
54 votes
Accepted

How can I pull a credit report on my 20-year-old son?

Can you pull a credit report on your adult child, spouse - or even any other adult for that matter? If you have access to things like national ID (Social Security number), can answer security ...
user avatar
  • 11.5k
45 votes

$7300 medical billing error reported to credit agencies

My question is what more can I do to ensure this doesn't happen again. Credit monitoring services can be helpful at detecting things like this early, but they can't actually prevent them, clerical ...
user avatar
  • 62.9k
33 votes

If you put a freeze on your credit, will your credit score stop changing?

No, freezing your credit will not freeze your score. You are continuing to make payments and time continues to pass. If you have credit cards, your credit utilization continues to change as your ...
user avatar
30 votes
Accepted

Is it common practice for credit card company to demand to see your income tax forms?

A number of lenders - American Express and Discover are most notable for this in recent years - may ask or require you to verify your income via an IRS 4506-T form. Typically, they'll do this if they'...
user avatar
  • 2,535
28 votes
Accepted

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

Assuming since you paid them off that these are legitimate debts (i.e. you are not disputing the fact that you incurred them in the first place) and that you have just recently paid them off, you can'...
user avatar
  • 19.9k
27 votes
Accepted

Why did my credit score plummet in a week?

The change was so dramatic because you went above 50% utilization on a single card, which has a negative impact even if your total utilization isn't that high. It's one of the fun nuances of FICO. ...
user avatar
  • 13.8k
27 votes

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

This can be a case of someone trying to use your identity to obtain credit. I would put a fraud alert on my credit immediately. I went through something similar... got denial letters for credit I ...
user avatar
24 votes
Accepted

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

In the long run, yes. In the short term, no. Having more accounts and higher total credit limit is a good thing. From the potential lender's perspective, someone else has apparently reviewed your ...
user avatar
  • 1,799
23 votes
Accepted

Why is a US credit score based on credit utilization?

FICO is a financial services company, whose customers are financial services companies. Their products are for the benefit of their customers, not consumers. The purpose of the credit score system ...
user avatar
22 votes

Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam?

Its not a scam. The car dealership does not care how you pay for the car, just that you pay. If you come to them for a loan they will try and service you. If you come with cash, they will sell you ...
user avatar
  • 74.9k
20 votes
Accepted

Does having multiple credit cards contribute to "credit mix"?

Would opening a second credit card contribute in any meaningful way to my credit mix or no, since it's the same type of credit? Yes, multiple lines of credit help your credit score, even if they are ...
user avatar
  • 6,829
18 votes
Accepted

Is my credit score affected by making payments in parts?

If you have a bill for $100 due at the end of the month and only pay $80 of it, you will have failed to meet your obligations and this will be another hit on your credit score. On the other hand, if ...
user avatar
16 votes
Accepted

How can I inform the collector that I have paid the landlord in full, to update my credit report? Will it help my credit score?

You are making an assumption that may not be true: Unbeknownst to me, some apartment debt I paid had already been sold to a collections agency before I actually paid it. Typically debts are sold ...
user avatar
  • 45.2k
15 votes
Accepted

Is the Amazon credit card reported to the credit agencies?

The Amazon.com Store Card Terms and Conditions state the following: Credit Bureau Reporting. We may report information about your account to credit bureaus. Late payments, missed payments, or other ...
user avatar
15 votes

Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam?

By law, your wife can get her full Equifax credit report (sans-FICO score) instantly (once every 12 months) via https://www.annualcreditreport.com She can even get her FICO score with a 7-day free ...
user avatar
13 votes

Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam?

I actually had a similar situation when I tried to buy my house. I paid off all my loans and was proud of my "debt free" status. I had no car note, no student loans... absolutely no debt, but I did ...
user avatar
  • 275
13 votes

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

In general, no. Your credit report is intended to show history, not just a current status. Closed accounts will fall off of your report automatically over time. Some people successfully negotiate a "...
user avatar
  • 62.9k
12 votes

Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam?

You say Also I have been the only one with an income in our household for last 15 years, so for most of our marriage any debts have been in my name. She has a credit card (opened in 1999) that she ...
user avatar
  • 20.8k
11 votes

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

You say So about 6 years ago, I became 'late' on some payments to the then sallie mae. Experian says Late payments remain seven years from the original delinquency date. So if you wait ...
user avatar
  • 20.8k
11 votes

$7300 medical billing error reported to credit agencies

The hospital has done what they can do in terms of repairing the damage; 30 days is reasonable given reporting frequency. No permanent harm has been done in terms of your credit. Further, since this ...
user avatar
  • 34.6k
10 votes

Improve credit score by removing adverse account

Unfortunately you wife was late in paying her bill, and based on your question she was very late. Those are the things that the companies that extend credit need to report. While you wife does have a ...
user avatar
10 votes

Unauthorized credit checks run by used car dealers. Can they do this, and what can I do?

Well, the obvious first step is to contact the credit bureau which is reporting the "hard pull" on your credit and inform them that you did not authorize the inquiry. As with any other credit dispute,...
user avatar
10 votes

Can I appeal credit ding if ex-wife is responsible for paying mortgage?

Nope. I don't mean to dis a professional (your lawyer), but s/he created a situation in which this was an inevitable result. In hindsight, if I were forced into such an agreement, i.e. stuck on the ...
user avatar
10 votes
Accepted

Should I open a second credit card just to improve my credit score?

Your credit score is already excellent, and increasing it from here will not help you in any meaningful way. In my opinion, you should not do anything you don’t really want to do in an attempt to ...
user avatar
9 votes

Does having multiple credit cards contribute to "credit mix"?

I plan to stay debt free, but I appreciate the non-debt-related advantages of having a good credit score. If you plan to stay debt-free, then opening up more cards will not significantly change your ...
user avatar
  • 113k
9 votes
Accepted

Do I not have a credit score?

Generally, if you have a loan, you have a credit score. But since you have never had a loan before, then it is likely that you do not have a credit score. You should not be worried if you aren't ...
user avatar
  • 10.2k
9 votes

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

No, don't open more accounts just to get your number of accounts up. It looks like this screenshot is from Credit Karma. If so, you should know that the score they give is not the score that banks ...
user avatar
  • 1,193
9 votes

How to go from Good to Excellent Credit for Free?

TL;DR: It doesn't matter. At a point of sufficient credit score, your income is far more important, for loan approval, than your credit score. Apparently this was a big mistake because it caused ...
user avatar
  • 74.9k
9 votes
Accepted

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

There are many small-time landlords that are a bit overzealous in asking for information or simply don't know what information is appropriate to ask for. Some ask for pretty much everything remotely ...
user avatar
  • 62.9k

Only top scored, non community-wiki answers of a minimum length are eligible