Debt

Is all debt bad? Is any debt good? How you perceive debt, and how it affects your credit, depends on many factors, including how much debt you have, how well you’re able to pay it, and the kind of debt. Too much debt is bad if it leaves you struggling to pay your monthly bills and affects your credit utilization ratio.

You have many options for dealing with debt and managing its impact on your credit. Explore to find out the impact of debt consolidation on your credit, how your spouse&#821#8217;s debt can impact your own credit, and whether or not you can remove existing debt from a bankruptcy.

What is a secured credit card and will it help my credit?

July 27, 2016

Dear Experian, A bank has a new credit card for those with poor credit. They say you have to put down a $300 deposit, and after that deposit they’ll...

Remove Authorized User Accounts from Credit Report

November 23, 2015

Dear Experian, Is an authorized user responsible for the debt? If an authorized user is removed from the credit card, can the credit card also be removed from the...

When is Bankruptcy Removed from Your Credit Report

January 4, 2015

Dear Experian, I filed bankruptcy in 2005. It is still showing on my credit report – in 2014. How do I get it removed? - ...

Impact of Authorized User vs. Joint Account

September 21, 2014

Dear Experian, I added my roommate onto my credit card and lost my job. I had difficulty paying it off and it was closed. Now, her credit has been affected....

Bankruptcy May Prevent Qualifying for a Credit Credit

August 7, 2014

Dear Experian, How can I get a credit card after a bankruptcy so I can rebuild my credit? - MBD

Bankruptcy May Prevent Qualifying for a Credit Card

August 7, 2014

Dear Experian, How can I get a credit card after a bankruptcy so I can rebuild my credit? - MBD

Debt Consolidation Can Help or Hurt Your Credit

July 17, 2014

Dear Experian, Does debt consolidation for credit cards with high interest rates help your credit? - SRO

Missed Payments and Authorized User’s Credit Score

May 5, 2014

Dear Experian, I am an authorized user on my mother’s account. Will it affect me if she misses payments? Will it hurt my credit? - SHN

Getting List of Creditors and Debts from Credit Report

March 28, 2014

Dear Experian, How do I find out what I really owe and if any creditor will settle for less if I can pay off the balance? Can I get a...

Effects of Missed Payments on Authorized User’s Credit

March 27, 2014

Dear Experian, I am an authorized user on my mother’s account. Will it affect me if she misses payments? Will it hurt my credit? - SHN

When Collections Accounts are Removed from Credit Report

March 13, 2014

Dear Experian, If you have a derogatory record on your credit report from a collection agency and you pay off the debt in full, will the debt be taken off...

You Might Owe on Your Mortgage after Bankruptcy

February 26, 2014

Dear Experian, I want to know if I still owe my mortgage company after filing Chapter 13 bankruptcy. When I filed I was in foreclosure, and they said I owed...

Two Collections Agencies Reporting the Same Item

January 29, 2014

Dear Experian, I have two collection agencies reporting the same item. If I pay the current collection company will both of them be updated as paid in full or do...

Chapter 13 Bankruptcy Accounts and Your Credit Report

January 15, 2014

Dear Experian, How long do accounts included in chapter 13 bankruptcy remain on your report? - RCH

Authorized User Account Not Appearing on Credit Report

December 18, 2013

Dear Experian, I checked my credit report online and saw that it says I have no credit cards. I am an authorized user on a card, and I pay the...

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Are rent to own loans good for my credit?

Dear Readers, People often ask if rent-to-own loans help build a credit history. Unfortunately, the answer is no, because such loans are not currently reported to the credit reporting...