Each week, credit expert Erica Sandberg answers questions from readers. Please note that it may not always be possible to answer every question or respond to individual inquiries.
Grandma's Generosity Ruining Minor's Credit
When someone offers to add you as an authorized user to their credit account, first consider how they'll treat the card. If they rack up debt and default, they'll drag your credit rating down with theirs
Do I Have to Worry About This Tiny Debt?
He's got an account in collections, but it's only $150. However, this small debt is doing big damage to his credit, says our expert
Visa and MasterCard: What's the Difference?
The logo on your credit card doesn't determine its APR, terms and rewards program. But it can make a difference in where your card is accepted -- and in the extra protections you get
How to Start Your Credit Journey
He's new to the world of credit cards and loans and wants his first steps to be smart moves. Luckily, as our expert explains, there's nothing too complicated about building good credit
New Credit Won't Permanently Tank Scores
He opened two new credit cards, and his score dropped. Fortunately, our expert says, the damage will likely be short-lived
Do I have to Close Cards to Fix my Credit?
His credit counselor wants him to close his credit cards, but he's worried that will damage his credit. However, our expert points out, at $27,000 in debt, that's the least of his worries
Lending Credit Card to Boyfriend Backfires
She lent her boyfriend her card, and he charged $3,000 of DJ equipment. Now, the collection calls are rolling in. Can she send the collectors after him instead?
Can I Get an Apartment with Bad Credit?
Bad credit might make it more difficult to land a new apartment, as landlords increasingly check credit reports. Our expert provides some tips for improving your chances
How to Support a Loved One Who's in Debt
When a loved one is in debt and losing hope, being emotionally supportive is key. Our expert offers tips for what to say -- and what to do
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