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

If I apply to rent an apartment and did this on 5 different properties before deciding, how much will it lower my credit score assuming the apartment owners will do a credit inquiry per their advertisement of "on approved credit"?

The impact of these credit inquiries on your credit score will depend on how each apartment owner will generate the credit check. If they request a soft inquiry, as is the case with "pre-approved" credit cards, and other self-initiated credit report pulls.. More

Share | Asked on March 01, 2010

My son is co-signer on a loan for his car at my bank, yet he still shows no credit history available; why is this so?

Co-signing for a loan should show up as an entry on your son's credit report, so double-check whether it has been accurately reported to the credit bureaus by looking at his Credit Report Card and also by requesting a free credit report at Annual Credit R.. More

Share | Asked on March 01, 2010

If I become unemployed, how will it affect my credit score?

Being unemployed, in and of itself, will not affect your credit score, and losing your job will not show up on your credit report... More

Share | Asked on March 01, 2010

Why is it hard to get a job if your credit report is bad?

Keep your financial resume intact by checking your credit report for errors at AnnualCreditReport.com, paying down debts, and regularly paying bills on-time. A not-so-healthy credit report won’t kill your job prospects.. More

Share | Asked on March 01, 2010

Do negative balances and overdraft charges from my checking account have an effect on my credit rating?

The short answer is no, overdrafts on your checking account do not have an effect your credit score... More

Share | Asked on March 01, 2010