 Why do people chose to have debts? |
I mean like, when people get (a) credit card(s) for no actual reason, and fail to pay it back for years.
Additional Details
For clarity; I only mean 'bad debts'. Ones which are ... |
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 The debt collection agency "threatened" to call my employer. What good would that do? |
| I have an outstanding credit card balance that is now going through different collection agencies. A new one called the other day and I talked to the rudest woman yet. She tried to threaten to call ... |
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 Serious question ! how do i go about clearing my credit history? |
| i have a really bad credit history, how would i go about clearing it, i would idealy like to pay off all the debts, i have, under some kind of payment sceme but i dont know who to coantact, please ... |
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 How do you get items off your credit report that should no longer be there? |
| I have found items on my credit report that have passed the statute of limitations. How do I get them off the list?... |
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 OmG! My dad just got the phone bill and i have 2 pay him $200 by next week. HOW DO I GET THE MONNEY?!? |
| I over used my cell phone minuets, i made long distence calls, 3-way alot, and a bunch of other crap. How the h*** am i gunna get $200 in one week?! im only 15! THANX!... |
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 Credit card - when to pay? |
| I have a new rewards card, and am trying to rack up some rewards points. I have put a few things on the card that I have the cash to payoff immediatly. I just wanted the points for the purchases. S... |
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 What is the statute of limitations for credit card debts? |
| I need to know which state's law apply. I incurred many debts when I was living in Illinois. Now, I live in Ohio.... |
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 Is there a credit card for people who have no credit or bad credit? |
| i want to get a credit card but i have very little credit so if there are credit cards for people like me what are the names or ... |
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 Dealing with a Collection agency/how trust worthy are they? |
| Hello, i am in a real mess here. I got a call last week from a Presily Williams from a company called portfolio management demanding 4500 for discover card. I told this Presily i had a Discover ... |
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 I need US$3,000..? |
now you know how you can be chosen for best answer...
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still not giving the desired answer after 16 answers...... |
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 What happens if i go bankrupt? |
| I have no house or assets to speak of and due to financial situation am thinking of going bankrupt, what happens to thimgs like my car, which is worth about £3000, which is nothing compared to what ... |
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 Would you let someone use your debit card? |
| They always give me the money up front, (its for direct TV) but still I am always a little hesistant about it. I mean does that affect my credit even though the subscription is not in my name?... |
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 Is it too easy to get a credit card? |
| My dog just got pre-approved for a $25000 credit limit card.... |
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 Is 13,000 in personal loans and credit card debt bad? |
| I have accumulated 13k in credit card debt and personal loans. I want to get one personal loan to consolidate all the debt. I have about a 630 credit score. However, I can't seem to get a ... |
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Mayra | Do credit checks affect your credit score? |
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bella_4624_19
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each credit check will lower you score unless you are pulling your own credit |
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taketwo
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without checks, nothing happens. |
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Psychic Sk8r
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I'd go with Mysta E. on this one so don't let those other goofballs scare you, the points taken away for credit inquires are very few. |
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???///???
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not always, if the credit checks is iniciated by you (credit application, credit increase) yes that does afect your credit score.
There are sometimes when a company runs a credit check on you for the purpose of sending you those pre-approved credit cards, those do not count against you because you did not initiate it. |
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Yahoo! Answers Chic
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Yes, the more someone (or some company) runs your credit, the more it affects your credit rating. |
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Lianne
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The only inquiries that work against you are the checks done upon your request, your applications for credit. Inquiries done for preapproval purposed, not authorized by you do not affect you score, checking your own credit does not affect your score either. To see what does and doesn't affect your credit score check out http://creditwisdom.blogspot.com/2006/09/fico-breakdown-how-your-credit-score.html |
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sem3578
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Yes. Everytime someone besides yourself pulls your credit it is considered a "hard hit" on your credit and deducts points. |
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Mysta. E
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All depends who is checking your credit...
A Hard inquiry is when you are applying for a credit card, car loan, bank loan, or anything in this sort of nature. Basically you authorized a lender to check your credit score.
A Soft inquiry is when you check your own credit, a business or company check your credit to give you service or goods, and employers who do a credit check to hire you (prospective employers).
The hard inquiries affect your credit score, the soft ones on the other hand do not affect your credit score. |
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churchonthewayseniors
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credit checks do not lower your score but they add note every time there is a request for your rating.this is done to keep track on how much you are seeking more credit. they believe if you keep applying for more credit there might be a problem that you are having problems with your bills and need more credit to keep up with bills.. a good distance in applying for credit is every 6 months to a year for credit cards and a large loan for big purchase, auto, furniture, etc. is every 3 to 5 years |
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hermosa
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yes especially if there are a lot of inquires on it |
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Christian93
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Requests viewed by others do (if a creditor pulls your report for the purpose of a loan).
Requests viewed by you do not. If you pull your own report, it does not. Neither do promotional requests or when an existing creditor monitors your report.
I hope no one takes Tarabeara's advice. If she takes her own, she will probably have a very low score. |
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smlevesque_6
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I believe shamieya is correct. Several hits in a short period are not supposed to affect the score.
I believe Tarabeara may mean lower your score instead of increase. A higher score is better and more hits negatively affect your score. |
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alohahmb
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I work in a finance dept at a pretty big company, and as far as I know every time someone opens your credit report two-four points are deducted from your score. When you add something, like a car or a credit card, your score goes down even more until you start making on-time payments.
Now you can go on-line or call a credit company to request a copy of your report for yourself. Even though they are generally always free for the first copy your score will still be deducted the two-four points. The only negative with the free copies is that your beacon score is not included...you have to pay for that.
The only time your credit is not affected is if you are shopping around and several creditors are pulling your credit within a certain amount of time. The bureau will catch that and you will not be penalized for multiple credit checks. |
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country m@m@ luvs you!
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Yes. Everytime someone checks your credit,it drops. |
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shamieya
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Any check not done by you affects your credit. But if your are shopping for a house or some other large item, many inquiries in a short period of time (I think 2 weeks, could be wrong) will not affect you credit adversely. |
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Gudsud55
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No, certainly not. Credit Score indicate your creditability, and Credit Checks are exercised by lending Bank / Institute while allowing / fixing Credit limit to a individual or to commercial organization. |
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Tarabeara
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Yes every-time, some one does a credit check it raises your score. So every time you fill out a form for a credit card or any type of line of credit, your score will get higher. Anytime someone says they did a credit check on you it will raise your score, this will also affect your interest rate on a house or in getting a car. |
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