Will Changing Banks Lower My Credit Scores?
Will Changing Banks Lower My Credit Scores? Auto Loans by John Ulzheimer Share Share Email With millions of consumers switching banks in fourth quarter 2011 (26 percent because of high fees), you may be concerned what impact moving banks may have on your credit score. It all depends upon the financial institution’s policy. Most banks […]
Will Credit Monitoring Hurt My Credit Score?
Will Credit Monitoring Hurt My Credit Score? Credit Monitoring by David B. Coulter Share Share Email One of the most common questions that come up when it comes to credit monitoring is, “will credit monitoring hurt my credit score?” There are many myths that credit monitoring platforms can hurt your score in a way that […]
If I Short Sell My House Will My Credit Card Interest Rates Go Up?
If I Short Sell My House Will My Credit Card Interest Rates Go Up? Credit Cards by John Ulzheimer Share Share Email The following question was submitted via SmartCredit.com’s blog. Q: John, I’m thinking of doing a short sale on my rental house to get rid of it. If I do that can my credit […]
How Many Points Will a Hard Inquiry Cost on Your Credit Score?
How Many Points Will a Hard Inquiry Cost on Your Credit Score? Credit for Beginners by David B. Coulter Share Share Email Whenever you or anyone else checks your credit report, it will show up as an inquiry. That’s not a reason to panic. If it’s just a soft inquiry, your score is unaffected. Even […]
If I order a copy of my credit report, will it hurt my credit scores?
If I order a copy of my credit report, will it hurt my credit scores? Auto Loans by John Ulzheimer Share Share Email When you get a copy of your credit report and/or monitor your credit, there is no impact on your credit or your score. A credit inquiry is recorded on your credit report […]
If I Pay A Collection Will It Stay On My Credit Reports For Seven More Years?
If I Pay A Collection Will It Stay On My Credit Reports For Seven More Years? Credit Monitoring by John Ulzheimer Share Share Email I recently received this question from a reader regarding how to deal with old unpaid collections. “John, I am applying for a mortgage loan and the loan officer is telling me […]
Will An Eviction Show Up On My Credit Report?
Will An Eviction Show Up On My Credit Report? Auto Loans by John Ulzheimer Share Share Email An eviction from a rental property is not reported to the three consumer credit reporting agencies – Equifax, Experian and TransUnion. But (there is always an exception) this information could be reported as a collection or judgment on […]
Will My Scores Go Up When I Dispute My Credit Report?
Will My Scores Go Up When I Dispute My Credit Report? Credit Monitoring by John Ulzheimer Share Share Email I received the following question last night from a Facebook friend: “John, I want to ask a question as you’re the only person I believe regarding this. (name withheld) says in a video that an “account […]
Will it hurt my credit if I’m denied for a loan or credit card?
Will it hurt my credit if I’m denied for a loan or credit card? Auto Loans by John Ulzheimer Share Share Email When you apply for credit, the potential creditor reviews your credit report and this act is recorded on your credit reports as an “inquiry.” This inquiry simply indicates that you’ve applied for credit […]
Will Settlements Hurt My Credit?
Will Settlements Hurt My Credit? Credit Cards by John Ulzheimer Share Share Email I received the following excellent question from a Twitter follower yesterday. You can follow me on Twitter at @johnulzheimer. “John, I have about $8,000 in credit card debt and a company called me telling me that they can help me settle that […]