Posted by William Charles on June 29, 2016
Credit Reports

Published on June 29th, 2016 | by William Charles

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Credit Reports & Scoring Reference Pages

We write a lot of content on this site, the downside to this is that a lot of the information is only usable for a limited time. This unfortunately means that information that is always useful is more difficult to find, I’ve put together this page to give you a quick reference to all of our posts about credit reports & credit scores. I’d recommend bookmarking this page so you can quickly come back to it at any stage.

Other posts in this series:

Credit Reports

Credit Scores



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Srini
Srini

I currently hold a chase freedom card since 2012 and have plans to apply for Chase sapphire preferred card and merge both in to one preferred card, I would like to know whether or not it would affect my credit by doing so and how?

Chuck

Srini, any credit card application will affect your credit. There are many factors involved, including the credit pull and average age of accounts. Please read up more on the subject to fully understand.

Srini
Srini

Thank you for replying Chuck.

QueenoftheSkyPesos
QueenoftheSkyPesos

Would DoC be interested in DP regarding the different scores available from various score providers?
I have the MyFICO Ultimate 3B, and today just out of curiosity I checked my scores at CreditSesame and CreditKarma. They are about 55 points higher than the MyFICO TU score. I’d expect a 10-20% difference, but 55 points?! This doesn’t seem to be the norm from other DP I’ve seen.

Joe
Joe

If 55 points is more then 10% of your credit score, you have bigger issues.

Zorawar
Zorawar

I am trying to get a mortgage loan and used Lexingtonlaw to dispute some of the items on my report.

My mortgage lender said that I need to remove any disputes from the reports before they do a final pull.
Some of the disputed items are still pending but due to the timing I would rather contact the lender and do a pay for delete if they are willing.
What is the quickest way to remove the “dispute” notations from any items?

Gene
Gene

Chuck or William, have a question for you regarding new credit cards and FICO score. I frequetly sign up for new credit with nice signup bonuses. I’ve always thought that once you get the credit card bonus, it’s not a good idea to close that credit, but rather leave it and not use unless you need to and unless there’s an annual fee. Plus, more credit helps your creditworthiness as in how much credit you use relative to what you have available.

But, I’ve heard conflicting opinions since and wanted to veify this with an expert. Do you think it’s better to keep all the credit that a person has applied for, or is it better to close/cancel those credit cards once the bonus is earned?

paul johnson
paul johnson

Does anyone know of a good reference on what to do with old debt on a credit record. My fiance has several bad things charge offs, etc from 5 or more years ago and a score of 560ish. Wondering whether to pay stuff off or just leave it alone and let it drop off on its own. It doesn’t add up to more than 2 grand, but don’t want to pay it off if its not needed. Wondering whether to focus on getting new credit and ignore the old stuff or not. Thanks in advance

gina
gina

Wondering if there any articles on how closing out a credit card and / or getting a new credit card affects your credit score, and for how long? I did a search and looked through the index but couldn’t find one.

We have a Citibank AA (American Airlines) credit card and are considering closing that and get a Southwest credit card instead, but I want to make sure I am aware of how doing that might affect our credit.

And actually what if we keep both credit cards instead of closing the Citibank AA one…(I don’t want to do this necessarily but again just want to understand how each of these options affect credit. I realize that keeping both would increase the potential debt so I am thinking it has to affect either the credit score or the ability to get a loan negatively?)

Thanks for the help.

Gadget 🕵️
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