Dear Dr. Don,
If your current credit card provider does a soft inquiry on your credit report, does it show up on your report’s credit history like your own inquiries?
— Dee Details
Dear Dee,
The difference between a hard inquiry and a soft inquiry on your credit report is the difference between applying for credit and having your credit monitored. (more…)
Dear Tax Talk,
We have a newborn who needs constant home nursing care due to a tracheotomy. We normally would put the child in day care right now, but can’t. Are any of our expenses (nursing care, medical supplies, etc.) deductible in terms of the child care credit? The nurse basically acts as a nanny so my wife and I can work. I know medical expenses have to be beyond 7.5 percent of income to be deducted, (more…)
Dear Credit Card Adviser,
I heard that closing a credit card has a negative effect on the FICO score and have read your thread. My question is two parts: If I cancel a credit card that has never been activated, does this affect my FICO score? What about canceling a credit card that was unsolicited and sent to me (and) that was never activated? Thanks for your help.
— Elliot
Dear
Dear Dr. Don,
When a negative account on my credit report is more than 7 years old, why does it continue to show on my credit report? A divorce put me in a terrible financial position, and even after all these years, and even after paying the bad debts off, they still remain on my credit report. How can I get them off?
— Denise Denouement
Dear Denise,
(more…)