Gurneyx

19 Contributions 4 People Helped Top Contributor

Member Since: September 2015

Most Helpful Contribution

Short term negative situation

Mar 08, 2016
Helpful to 1 out of 1 people

Dont worry about that drop if you plan to pay off your credit card. It will recover back up. Credit utilization is 30% of your score so when you use too much of your availible credit your score can take a hit. Conversly if you pay your balances low you will see an increase.

Activity (19 Total Contributions)

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How can I tell if someone took out a mortgage in my name?

Apr 18, 2016
Helpful to 1 out of 1 people

On your credit report it will show a mortgage that you didnt do

How long do missed paments stay on your credit report?

Apr 16, 2016
Helpful to 1 out of 1 people

7 years they stay but will stop hurting you so bad after 2 years.

Short term negative situation

Mar 08, 2016
Helpful to 1 out of 1 people

Dont worry about that drop if you plan to pay off your credit card. It will recover back up. Credit utilization is 30% of your score so when you use too much of your availible credit your score can take a hit. Conversly if you pay your balances low you will see an increase.

Can I get a deleted account reinstated on my report? Transunion deleted the entire account in error....

Mar 12, 2016
Helpful to 1 out of 2 people

this happens sometimes when you try to remove a late payment or something then the account being a problem. Once you remove it is gone!

If I take out a personal loan to pay off my credit cards, will my credit score go up

Apr 18, 2016

it could help if they are close to their max limit. Credit utilization is important and will have a huge impact on credit. Also getting a loan will help diversify your type of credit.

How long do closed accounts stay on your report

Apr 18, 2016

Are they negative acccounts? Even if they are negative they will not affect your score after 7 years. also removing an older account can hurt your score as well. Length of credit is important as well.

Is it true credit reports must delete negative info. after 7 years?

Apr 18, 2016

yes any negative info will be removed after 7 years

How can I improve my score?

Apr 18, 2016

pay your cards down to below 10% utilization and it would help raise your scores.

Pay off loan or decrease Credit card Utilization?

Apr 18, 2016

I would pay down credit cards it will help drive your credit store up. If you pay off the loan in full it could actually make your score go down.

why is my credit report used for insurance

Apr 16, 2016

simple answer is risk... they want to see if you are irresponsibile and your credit report will show them. It also gives them the ability to make more money off you because they charge you more if you are higher risk.

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