 Will paying off my loan early lower my credit score? |
| I have $140 montly due for my student loan, I want to pay the $1680 once a year insted of remembering to write a check (or worry about what is in my bank account if i set it up to withdraw ... |
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 Is it smart to get a credit card when i turn 18?!? |
im 17 now, and im thinking of getting a credit card to buy alot of stuff i want, plus of course college supplies etc.
what do you think??... |
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 I have a credit monitoring system and my recent credit score was 635? |
| I went to pull my report today and it dropped to 598 I had to charge some medical things for a family member for about 2,000 dollars and used a couple hundred on another card. DO you think that'... |
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 I was late on my credit card payments for three straight months. How much will that affect my credit score? |
| My credit score was 750 before this happened and I have not checked it since the late payments which were Mar,Apr,May of this year. My wife was handling the finances and payed a $50 minumum payment ... |
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 What is the best way to handle outstanding debt? |
| I have previously asked a question and have not got the answers i was seeking. I have a credit card debt that is over 9 years old. I understand all of the legalities of the situation concerning the ... |
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 Is there a possible way to live without credit? |
| Don't you hate being a slave to banks and credit card companies?Even when buying a house, which people think it's theirs but it actually isn't until it's completely paid off like ... |
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 Can a collection agency for a way over due payday loan call the cops on you have have you arrested? |
| Way back in Nov. I had taken out a payday loan, well when it came time to repay I didn't have the money so I took out another loan... I have 7 outstanding loans now..... BAD DEAL!! Well they ... |
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 Past Due Credit Card? |
| Hi. I have a credit card in which the minimum payment is now $800. It started out with an overdraft and a late fee, and the minimum was $150 which I could not afford, then it has just went up since ... |
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 Repairing my own credit report.? |
| I have decided to start repairing my credit on my own. I have a few paid collections on my credit report. Do I contact the collection agency who reported the bill or exquifax to have these items ... |
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 Im going to open a credit card acount to get my credit score up but I don't know any thing about the credit |
| termonology and where can I learn about choosing a credit card that's right for me and not to expensive?... |
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 My fico is 610, income 65,000/ fiance 680 income 50000. Should we apply for home loan together or just him? |
| Should he buy before we get married. my low FICO is due to past charge offs that are about 5 yrs old. We would probably qualify for more money if my salary were included, but we don't want to ... |
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 How many credit cards SHOULD I HAVE? |
I am 21, and have 1 credit card with a $1250 dollar limit.
I am just starting to build my credit, bought some furniture and I am paying it off every month. I also never miss any payments on my ... |
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 Will I be accepted? |
| Im 6 and a half months pregnant, I start my maternity leave in 2 months and I am going back to work full time when my baby is 6 months old, Will I be accepted for a mortgage as I am currently renting ... |
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 Does credit card debt add interest if unpaid? |
I had a credit card over 5 years ago that I used and only paid less than 10% of it back. I completely set it aside and forgot about it.
Let'd say my debt was $1000. Now, 5 years ... |
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becky f | If I were to pay off stuff on my credit report, how long does it take to bring my credit score up? |
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It depends on how often the companies report to the credit agency. You should give it at least a few months to show up on your credit report with an improved credit score. |
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Crazyjester9
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Unless you negotiate a pay for delete agreement, paying them off will not raise your score, and in some cases can actually LOWER it. Yeah, bet those collection agents didn't tell you that, did they? |
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Bucknut
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it depends on what it was, if it was in collections, and when the company reports it as paid. usually 60-90 days. also keep a copy of the receipt that you paid it off, you may need proof in the future if the company dosent report it. |
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B2B 11/08
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in order for a credit score to be applicable it has to be effective for at least a year. A line of good credit takes one year to establish, and most loan companies will require at least 4 lines of good credit if no bad credit is present! |
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daddyporky@verizon.net
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forget about that credit report business.... my id was stolen and people charged all thypes of vactions food entertainment.. the credit card company found my card was comprimized. and they killed the number and issued me a new card... mean while all the people were notified of the situation.. but the companys call and call so all they want is to offer you a way out... example would you pay half to clear up your history.. or give me a credit card number.. my advice is to get a credit card with a low amount you can charge and pay this off each month.. and they will gradually increase this amount until you have a good limit.. so why worry about a credit score.. also if you pay your electric water and gas bill on time this is an excellent reference for anything.. ok gilermo. |
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bgranillo
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It usually takes 30 days for an update. |
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Kris K
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Anywhere from 30 days to 6 months. It's important to keep the records of any settlement or payoffs. Creditors are much less interested in reporting when you've paid your debts than they are when you owe them. Make sure to keep your records and pull you annual free credit report here to check they've updated the reports. If you see items you have paid off still showing, make sure to dispute them with the credit agencies. (http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre34.shtm) |
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BRODI
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i think on average it will take about 6 months for the payoffs to affect your score. |
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Larry V
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It is my understanding that changes take at least 3 months to appear on the credit report.
I've read that the most important factor in raising the score is to pay ALL debts no later than the due date. Each time a due date passes, even if you mailed the payment in time, your score goes down, according to the people I've read.
Also, if you decide to close credit cards, do so one or two at a time, and close the newest ones first. The best thing for your credit score is having a long record of paying credit on time. |
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stoggies
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generally on how much and how fast you pay it off to generate a credit score the shortest limit is six months to finally see a credit score but it just depends on the credit vendors |
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Lard T'underin Jeysus !
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7 years |
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