Credit Q&A

Find the answers to the most common questions about credit and credit cards or submit your own question. All answers and recommendations are provided by experts in the credit and credit card industry. Join the discussion today.

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Credit Questions

I just graduated from college and I have a lot of student loans to pay off. Is a student loan consolidation a good option for me? What should I look for when choosing the right fit for me?

Student loan consolidation is a "right fit" for your financial life if, with all costs and calculations considered, it is worth it to extend the life and overall cost of your loan in order to save on your monthly payments now... More

Share | Asked on March 01, 2010

When items "fall off" of your credit report, how long does it take to reflect on your score? How many points will each account falling off raise your score?

Determining how long it will take between an item "falling off" your credit report and its impact on your credit score is difficult to say because your credit score won't necessarily improve due to one item "falling off". There is no guarantee it will ref.. More

Share | Asked on March 01, 2010

How do I get hard credit inquires off my account?

There is no sure method to get hard credit inquiries "off your account" other than waiting out the two year term hard inquiries remain on a credit report. A hard inquiry is a credit report check by a lender as part of a loan or credit application that neg.. More

Share | Asked on March 01, 2010

I was recently divorced and my ex-husband has an auto loan and my name is still on the debt, how do I go about that debt NOT affecting my credit score anymore?

The only way to remove yourself as a co-signer on this loan is for your husband to refinance the car under his name alone. This new loan will replace the old loan and you will no longer be liable as a co-signer. But in the meantime, any actions - includin.. More

Share | Asked on March 01, 2010

I have a credit score of 568 and some of the items are over 7 yrs old. Will disputing and having old baggage removed make a difference in my credit score?

Disputing "old baggage" will make a difference if you can succeed in having them removed from your credit report. Derogatory items, such as late payments and charge-offs, are deleted from credit reports after seven years, with the exception of bankruptcie.. More

Share | Asked on March 01, 2010