 Do the type of purchases made on a credit card have any beneficial affect on your credit score? |
| I'll give an example. Say I use my credit card for necessities like family groceries and gasoline, as opposed to non-necessities like games, jewelery, or new room furniture. Does this have any ... |
|
 If you purchase something on CREDIT with a debit card, how much time are u given to pay it off? |
| i want to buy something with my debit card, but i have insufficient funds in my bank account to pay for it. Ive heard that you can put things on credit with your debit card. If so, how much time will ... |
|
 Credit card? |
| im 21 and i want a credit card. dont say i dont need one. i have a job and i want one. what is the best credit card to get for starters.... |
|
| How am I supposed to get credit without going into debt? |
| I'm a college student so i'm already strapped for cash and I've managed to be able to keep from getting a loan. I really need a car but I have no credit. I need a phone but I need ... |
|
 I applied for 2 different credit cards but i didnt get approved? |
| i dont have any credit but people told me thats a way i can build it up so why did i get declined is there a credit card out there that will accept ... |
|
 How to build up good credit? |
| My credit score is only 608 and I was bad with paying my bills on time a few years back. Now that I am older and trying to get myself straight I was wondering how to build my credit? I have a Capital ... |
|
 A bill collector is taking me to court for a credit card bill that is at least 7 years old. Do I have to go? |
| They have filed a complaint with my local magistrate, and they are asking for over $4000 which is the amount that has accumulated over the years in late fees and interest. I don't feel I should ... |
|
 Help with paid off debt... 7 years? |
| I had debt that dated back to 2000 (date opened) and have recently paid it all off, this year. Will the negative debt records clear 7 years after the open date or 7 years after I have paid off the ... |
|
 What are the laws for collection agencies to collect debt from people that was from 2yrs ago and harrassment? |
| They also mentions that they would make a note that my sister will bw non negoitable, which means what? What steps can I take to have them stop harrassing me?... |
|
 Do people that quote Dave Ramsey like the bible annoy you? |
Additional Details
If we wanted to hear from Dave Ramsey we could just order his products, am I right?... |
|
 Cleaning up my credit report? |
| I have 3 charge offs on my credit report, the debt just under $1500 total and over 5 years old and from what I gather the statue of limitation has expired on them (is that the right wording?) but I ... |
|
 If my sister is financing a car and i want to take over payments whos credit report does it go on??? HELP!!? |
| If my sister is financing a truck and i buy the truck from her, so i'm taking over payments, does it get transferd to my credit report or does the vechile stay on hers?... |
|
 Credit card issuer cancel my card due to inactivity of the card use, will this impacts my credit score? |
| I got notification from credit card issuer that my credit card was canceled due to inactivity. I have not use the card for more than a year. I would like to know if this cacelation will have impact ... |
|
 My brother is looking into filing bankruptcy, is that bad? |
| My brother has over 97,000 dollars in personal student loans, plus 60,000 in credit card debt, all accrued during college. All his debt was due to him paying for studnt supplies, tuition ect. He now ... |
|
|  |
Melissa F | Will my credit improve from paying off medical bills that were delinquent? |
I just paid off two small ($300) medical bills that had been on my credit report for a few years. They were reported monthly as "key derogatory". Now that they will be considered "charged off" will my credit score improve? |
 |
 
lingua06437
|
The charge offs will be on your report for seven years after the date you paid them off completely. Short term - your score won't improve. Long term - it will. Also - when you go for a loan in the future and people mention the charge offs - you can say that those were things of the past and that you have made some changes in your life. If the charge offs were paid off say 5 years ago - that is something you can say to help win someone over to your side.
With all the future charge offs - negotiate a pay off only if they clean your record! Get this in writing! Why do you want to pay them off and still have the marks on your credit for 7 years? Be smart! Tell them that if you have to file for bankruptcy they won't get any money! That'll get their attention! Only pay the charge offs when you have it in writing that your credit record will be cleared.
Good luck. |
|
Munya Says: GFOD
 |
"charged off' means charged off to collections--thats a bad thing! You dont want anything to show "charged off", you want it to show as "PAID"!
Your score may improve, but I'd have to know more about the rest of your credit report there's all sorts of other things that affect the credit score other than collection accounts. |
|
melspur82
 |
You should negotiate with these ocmpanies to get them to report on your credit repor that they were paid in full, not charged-off. This typcially means that you didn't pay them and they wrote them off. Another thing that can hurt your score is if you pay the agreed amount, but it is not the full amount owed. Be sure to get them to show it as paid to help your credit score the most. |
|
IWIU
|
probably after 1 year |
|
Bama
|
If you paid them IN FULL (not a settlement offer) then they should not appear as Charged-Off -- Charged-Off is the Uncollected portion (such as in a settlement offer) |
|
Vince M
 |
It should, once the credit reporting agencies get the information. However, the fact that the accounts have been reported delinquent will still remain as a factor in your credit report. This info eventually "fades away," as older information is dropped off.
Your score is derived by factoring a lot if things, such as how much you earn, how much you owe, late payments reported, delinquent payments, defaulted payments, bankruptcies, debt to income ratios and many more, including how many credit checks have been run. |
|
Jorge S
|
I would say yes, they will showw up as paid. Tehrefore showing your commitment to your obligations |
|
wet405
 |
probably be sure to get a letter b/c now youll have to go to the 3 bureaus and have them take it off your credit report. when you get the letter go to freecreditreport.com get your free report and start removing them off your report that way. |
|
outlook0330
 |
Anytime you pay something off it will help, because that will be one less thing the lender will need to ask you about the next time you apply for credit some where. The bad news is that in my past, delinquent medical bills never played a factor in my getting approved/ or not approved for credit. I bet the majority of the population has delinquent medical bills because our country is doofus and won't go to a univeral health care system...but that is a whole different ball of wax. But to answer your question I would say you would gain a few points for paying them off..litterly just a few. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 18 minutes(s) ago
| | | |
9 | 25 minutes(s) ago
| | | |
8 | 52 minutes(s) ago
| | | |
8 | 1 hour(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 5 hour(s) ago
| | | |
8 | 6 hour(s) ago
| | | |
2 | 7 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 2 day(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
