 Should I cancel my Credit Card? |
| I've finally paid down most of my credit card. This month end I'll be able to pay the balance due which will leave only the small balance (about half of what's due now) on the next ... |
|
 Can a bank refuse to cash a check written from one of it's customers? |
| My brother in law has written me check and i do not have time for it to clear. When I took it to his bank they told me it is against their policy to cash checks for non customers. I had 4 forms of I... |
|
 How many people have been ripped off by trial offers? |
| I lost my internet connection when I moved and didn't cancel before the offer ended and when I got reconnected they socked me 40 bucks.No refunds ... |
|
 I am about 6000 in credit card debt and thinking of filing for bankruptcy? |
| My fiance and I purchased my vehicle together (both of our names are on the loan, but just his is on the title). I am a full time student and unable to make my credit card payments. I owe around 6000 ... |
|
 If I want to take all of my small loans and pay them off with a credit card is ther a credit card I can get ? |
| that will give me a 13,000.00 limit? My credit is good, it's just that i have a lot of small things open, and I want to transfer everything to this one card and just have this one payment. Is ... |
|
 Any ideas on where to go for home financing if you have no credit history but have plenty income for payments? |
| we have no credit history anymore.were victims of identity theft and in fixing that credit report was totally wiped ... |
|
 How many credit card should I have? |
I watched a video in my class and they said it's better to have one credit card only.
But in reality, I know a lot of people have like at least 2 credit cards and they said it's ... |
|
 Credit card write offs due to being under 21 when aggrement was signed? |
| Hi, i was told by someone that it is possible to get a credit card written off if you entered into it being under the age of 21... I have a card that i got when i was 18 and the interest rate is 28% ... |
|
 What is your opinion of any service that offers credit repair? |
| I need to fix my credit, and there are people on E-bay and elsewhere who guarantee the full restoration of my credit. Are they legitimate?... |
|
 Applying for a credit card? |
| If I apply for a credit card, but don't use it, is there any inactivity charges they can issue me?... |
|
 Does money owed to Collection Agency's go away over time? |
| I owe various amounts of money to more than one Collection Agency, money I have yet to even see in my lifetime of 23. I've expected this to follow me wherever I go until it's finally paid ... |
|
 Legal and personal question about co-signing.? |
| Im a 44 yr old single mom raising a 15 yr old daughter. i make 8 dollars an hour and struggling every month. i dont own anything, but i HAD good credit. My 22 year old son asked me if I could co ... |
|
 I was contacted by a collections company about a debt that isn't mine, is it a scam? |
| I got a call stating they were collecting a debt on a Nexcard account from 2002. They told me the balance was $5500, and that they were willing to settle if I'd pay it off. I did have credit ... |
|
 Where can i find he best deals on dooney and burke? |
im lookin for a dooney and burke dose any one know any places that have them on slae right now or is thier something else i should look at like coach or vera bradley
... |
|
|  |
gypsy_jewels22 | If you pay a debt off will it automatically come off of your credit report? |
|
 |
 
Studly
 |
Once a listing is placed on your credit report, the only way it can be deleted or changed is if the creditor does it.
When you pay a debt, all they are required to do is change the status to say "paid" but it will still reflect negative or derogitory information such as collections and late payments. This is still a bad mark on your history and will hurt your credit score.
Therefore, if your intent of paying the bill is to fix your credit history, it's not going to work, unless you get the creditor to agree IN WRITING to delete the entry before you pay them anything.
Yes, they can do it. It is not illegal and I've helped many people do it. If the creditor wants their money then they will work with you on fixing your credit.
Otherwise, you will still have bad credit, but now you are broke. |
|
Amanda H
 |
No, even if the company reports it as paid on their own, it stays on your report as a paid debt for 7 years...so stuff like collections STILL hurts your score. |
|
jititi j
|
How to Clean Up Credit Report
Before approving your loan, your lender contacts the credit bureaus to get your credit report. Bad credit report will severely restrict your credit. In some cases, you may not even get the credit. So it is vital to get your credit report cleaned. To enable you to achieve that you have to alter your financial habits............
http://www.debt-loan-refinance-mortgage-credit.com/category/How-to-Clean-Up-Credit-Report.html |
|
harodkim
|
No it does not automatically come off. Many times you have to contact a credit reporting company like equifax and request that it comes off. Before it can come off though the reporting company has to report it as paid. Some companies only do this once every 90 days. You need to keep your proof of payment so that if it does not show up as paid you can provide proof to whom ever you are trying to get new credit from. |
|
moonwalker
|
no |
|
capollar
|
are you talking about regular revolving credit (like a credit card) or a bad/outstanding debt
revolving credit usually states the outstanding balance of a credit card and how regularly you pay in full or make installments
a bad debt will stay on until it is paid, a certain time has elapsed since payment and you may have to contact the credit bureaus involved |
|
Papa Bear
|
No, it will merely show as an outstanding debt that was paid, if that. You may have to specifically request the notification. |
|
Miss Vira
|
no you will have to send in the proof of payment and request it to be taken off of your credit report. Send it to the company who is reporting. ie experian, transunion |
|
perk
 |
No, it shows as a satisfied debt.
So, be careful about a lot of credit accounts, even if you keep them current or pay them off, since they stay there. It's a red flag for lenders. |
|
jkbjkb13
|
Most major companies report to the 3 main credit bureaus on a monthly basis. So if you allow 15 days for the bureaus to post new information, you payoff should be reflected in 45 days maximum.
Kevin |
|
Barkley Hound
 |
Credit reports are a history. Everything stays on for 7 years. Amount owed, payments, on time record, etc. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 39 minutes(s) ago
| | | |
11 | 48 minutes(s) ago
| | | |
11 | 1 hour(s) ago
| | | |
11 | 4 hour(s) ago
| | | |
11 | 6 hour(s) ago
| | | |
11 | 9 hour(s) ago
| | | |
11 | 11 hour(s) ago
| | | |
10 | 2 day(s) ago
| | | |
11 | 5 day(s) ago
| | | |
11 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
