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Your credit score is a crucial indicator of the health of your credit history and can impact your ability to qualify for affordable credit and even low insurance rates. To help you improve your creditworthiness and overall financial well-being, here’s a guide on everything you need to know about credit scores. What Is a Credit […]
The Complete Guide to Understanding Credit Scores Read More »
Requesting a change or update to your credit report—a process known as filing a dispute—has no direct impact on your credit. But certain changes made in response to disputes can affect your credit scores. Read on to learn how disputes work and why they may or may not impact your credit. When Can I Dispute
How Credit Report Disputes Affect Your Credit Read More »
Your rent is likely one of the biggest bills you pay―but did you know it doesn’t automatically help your credit score or count as an on-time payment on your credit report? The good news is that, with the help of your landlord or a third-party rent reporter, it can. When you opt in to report
What Is Experian RentBureau? Read More »
If you’re concerned that your personal information may have been stolen or misused, or that criminals are attempting to apply for loans or credit cards in your name, you can use a security freeze or Experian CreditLock to limit access to your Experian credit report. Both options indefinitely block new credit checks from potential new
Credit Lock vs. Security Freeze: What’s The Difference? Read More »
Your credit report can contain many types of credit accounts, including credit cards, auto loans, personal loans, student loans and mortgages. They can help or hurt your credit score depending on how you use the account and your overall credit profile. An additional type of account, collection accounts, can also be part of your credit
Which Accounts Appear on Your Credit Report? Read More »
Defaulting on a loan or other credit obligation places a severe negative entry in your credit reports. In most cases, it also signals additional credit damage and financial challenges to come. Default typically occurs if you go 90 days without making a scheduled debt payment. Depending on the type of loan, defaulting typically triggers a
How Does Default Impact Your Credit? Read More »
Dear Experian, How do I check to see if my children have open credit reports? – WMV Dear WMV, Experian does not knowingly maintain credit reports on minor children. However, a parent may add a child as an authorized user or joint account holder, in which case the minor may have a legitimate credit history.
How Do I See if My Child Has a Credit Report? Read More »
Having a thin credit file can make it harder to qualify for credit and services when you need them. Even if you are approved, a thin file can keep you from getting the best rates and terms available. Here’s what you need to know about thin credit files and how building a robust, positive credit
What Is a Thin Credit File? Read More »
Dear Experian, How long does a negative payment status of “Paid, Past Due 30 days” remain on my credit report? The item in question occurred in March 2019. I would really like to get this one potentially negative item off of my credit report. – DHB Dear DHB, Late payments remain on a credit report
How Long Do Late Payments Stay on a Credit Report? Read More »
Dear Experian, As a member of the Army currently overseas, what can I do to protect my credit? I heard something about placing an “active-duty alert” on my credit that only allows credit to be opened if I directly approve. – MCL Dear MCL, Members of the armed forces on active duty can add an
Military Personnel Can Add an Active-Duty Alert Read More »
Record unemployment rates, a wild swing in America’s GDP and homeownership rates increasing month over month. Despite these examples of economic volatility of 2020, another surprising number emerged — America has now reached an all-time average high credit score. Experian’s latest Consumer Credit Review highlights new trends regarding credit. Not only does the credit score
How Does Your Credit Score Compare to Your State’s? Read More »
