 Is bad credit something to be embarrassed about? |
| My credit is not good. I am trying hard to clear it up. To me it's humiliating. Should I feel this way?... |
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 What will happen to the lower class income customer that are in all races after walmart does away with layaway |
Once the layaway program is done away with, it will affect the elderly,the children,the general population from all walks of life, it will affect holiday joys,and it will cause the theft to go up.
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 I contacted by a collector. account opened 1997 - last payment 00. they want $ - do i still owe. seems old |
| They said it was a negative on our credit report. I just looked at all 3 credit reports - the one I think they are talking about is showing "closed" - is this just a fishing for a ... |
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 Will debt companies trace me? |
| as soon as i turned 18 everything went wrong.... now at the age of 27 i'm in debt and not able to pay a penny back i have 3 children and live with my partner in his house, he has the mortgage i ... |
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 I need help with my credit? |
| I know there are sites that can help you with you credit score and report.if anyone have any experience with obtaining your credit report and score via the internet please inform me of the sites. i ... |
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 Can a creditor or collection agency call me late at night.? |
| they call me every day it will be one more year and then it should fall off due to the seven year thing. What should i do somone please help and can they sue.... |
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 I had my car repossesed back in 2001, How can I get this off of my credit report?without filing for bankruptcy |
A friend told me that he wrote a letter to the credit agency, and they removed his repossesion from his report. Is there a time frame before this can be done? Separate question...
Also...My ... |
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 Is it true that when you pay off old collections it harms your credit score instead of helping it? |
| or if you settle instead of paying in full it also harms your credit score. The reason I ask is because I want to buy a house with out having a co-signer and my credit is in bad shape right now but I ... |
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 I have a Auto loan which they charged me 21.50% interest rate I guess due to my credit. Is that too high? |
| I recently had my car repossessed due to non-payment bcause I was very sick. I am trying to refinance to get another vehicle and possibly lower monthly payments. I currently paid $498 a month in ... |
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 How can you find out if there is a warrant out for your arrest? |
| I currently live overseas, and have unpaid credit cards/loans/ and bank overdrafts outstanding in the UK. I have not had any contact regarding this since leaving the UK. I need to return to the UK ... |
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 I'm self-conscious of how much credit card debt I have...Do I have too much debt? |
| I'm 25 yrs old, college graduate, I make approx. $45K gross income between 2 jobs(full-time job and part-time waitressing gig). I always pay my bills on time and I try to keep my Fico score up, ... |
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 I have 1800 in credit ard debt? |
| I WANT TO PAY IT ALL OFF BY 2011 SO THAT I CAN BUY A HOUSE. HOW CAN I DO THAT?... |
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 Can we stand as guarantors for our son in law who has a bad credit rating to buy a new car? |
| He needs to change his car but cant get a loan as he has a bad credit rating,we have a good credit rating but my husband feels it may affect our chances of getting a loan.Is there any way we could ... |
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 What is the best way to get rid of debt at credit cards? |
| I have credit available filled up, coz I had to pay for college.... |
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 Free credit report? |
| does any one know a free credit report service that does not have any hidden charges?... |
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 Can i get a credit card as i am 19 yrs old & salaried? |
Additional Details
can i get a credit card as i am 19 yrs old & salaried & Indian Citizen? I'll check with many bank please help me.... |
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helloha06 | When applying for a bank account....? |
...can they uncover unpaid debts from over 6 years ago, and if so what could the creditors do? |
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Annie
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YEs, banks can see everything in your financial past. You should be fine unless there is an unpaid debt with a bank in your past. If you're unable to get a bank account, apply at any Credit Union, they can give you a checking account and having them on your credit will boost credit rating. |
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luciousgreeneyedlady
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applying for a bank account has nothing to do with your credit. |
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kerry .
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unpaid debts or debts that have defaulted in anyway stay on your credit report for upto 6 years which can effect your credit score but it may not nessasarily effect a application for a bank account, But I dont believe that they can see bad debt from beyond 6 years, you can apply to have them removed anyway |
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charterman
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When you open a bank account, they will do a credit check. If the report comes back with an adverse credit history, they will only offer you a basic bank providing you are not a bankrupt. The problems you had 6 years ago may no longer be on your credit file. Check this out by searching credit reference agencies. The sites will tell you what to do. It costs £2 to get a copy of the file. |
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Bella
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No as long as it is not the same bank that you owe. |
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ricks
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when opening a bank account, a credit check & a Check Systems is done. Check Systems is basically a credit check for bank accounts. If you ever had a closed out or charged off account from any bank or credit union, they list it. If you are listed, depending on the institution, you will not be able to get a checking account for the 7 yrs that it is on there. Some will let you get only a savings account, but not ATM card. some will show you the door.
It will not affect at all any of your debts. Banks dont notify your creditors that you are opening an account.
Simply having a savings or checking account does zero to your credit. The only thing that does something to it, is borrowing & paying or not paying back. Items on your credit history stay for 7-10 yrs. |
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Health Freak
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they do check your credit rating.
They did not used to before, all you needed was a £1.00 to open the account and proof of identity and address! |
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nealee
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Possibly. The creditors can only try to contact you. The bank may or may not foward them information that they received form you in order to do so. |
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EKS
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I believe so. I know people who do not have bank accounts for that reason. |
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Lora
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Yes I have previously order a credit service and they can go back 10 years and beyond. You would be best phoning the bank (the one you want to start an account with) and ask who they use to check credit and ask for their number (which I have done before). The credit checking service will be able to issue you status in the post at a cost of around £2.50 and also the call is expensive around £1.30 it cost from my mobile. |
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Valiant
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when you open a bank account then they will do a credit search. If this shows any adverse entries then you will be offered the basic cash card account.
If this debt is still open (unlikely) and if you have moved property since not paying the debt then this search will link your previous address(es) to your current address(es) which could result in that firm tracing you to ask for their money which you still legally owe. The chances are that this has been passed to collection agents.
If this unpaid debt has gone to a County Court Judgement (CCJ) then that stays on your file for 7 years past the date of settlement (so if you settled one today it would remain on your file until 04/01/2014).
If in doubt, apply for your own credit search and open a savings account with a cash card as there is no borrowing power on a savings account therefore, providing you can prove who you are and your address, then no searches will be undertaken.
all The Best. |
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MissNewton
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Generally, banks can see debts that have been unpaid regardless of the length of time they have been outstanding.
However, you should not be turned down for a basic bank account. A lot of the high street banks offer a basic bank account when someone has outstanding debts. Most banks will only offer the basics because of the risk involved for them. I.e. If you have previously have unpaid debts, as responsible lenders they will not let you rack up more debt also if you have failed to pay before they are less likely to offer lendin services through fear of losin the money.
Hope that helps |
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suthernbelle_023
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I really don't think they would be allowed to do that. Mostly when you owe creditors from that far back they put your information down as payoff or another words closed account to be gone.
As for opening an checking account, as long as you have proof of income. You shouldn't have any issues for opening an account.
It would be differnt if you was applying for a credit card.
thanks
jackie |
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