How does your address affect your credit score?

Answer Your address does not affect your credit score. Your credit report remains the same no matter where you live, and living in one part of town doesn't give someone a better score than someone in anot... Read More »

Top Q&A For: How does your address affect your credit score

Can Reduction in a Home Equity Line of Credit Affect My Credit Score?

A home equity line of credit is a type of secured revolving credit that uses your home's equity -- the value of the home minus mortgage owed -- as collateral. In certain cases, your lender may deci... Read More »

If I Negotiate With Credit Card Companies Myself, Will It Negatively Affect My Credit Score?

If you lose your income, you may find yourself with credit card accounts that you are having trouble paying. As these balances become past due and move further into delinquency, account holders may... Read More »

Will closing a credit card account affect my credit score?

Closing a zero-balance credit card account can negatively impact a credit score. This is because a credit score is based in part on the debt to available credit ratio. Therefore, when a zero-balanc... Read More »

Does opening a credit card affect a credit score?

When you open a new credit card, an inquiry is recorded on your credit report which negatively impacts your credit score. However, if you pay your credit card as agreed, your credit score can impro... Read More »