once a month
A collection agency cannot charge-off an already charged-off account. The reporting of the STATUS of the account AS a charge-off can be reported every time they update with the credit bureaus. The 'date of status' must be the date of the ORIGINAL charge-off.
The removal of a collection account, whether paid or unpaid, would have a positive impact on your credit score. Removal is not automatic and is often difficult to accomplish. The length of time would depend on how the removal is processed by the creditor/collection agency and the credit bureaus. Standard automated update procedures can take up to 90 days. Creditor prompted manual updates can be performed in as little as 48 hours. Any change in your score would depend on ALL the information showing on your credit file.
how often should work be backed up how often should work be backed up
every few years
To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.
Anyone can file suit against you, and if they win the case, get a judgment awarded in their favor. The credit bureaus monitor public records looking for legal items of a financial nature that can be reported on consumer's credit. Most often, this is done by outside vendors, who collect this information and transfer, or sell it to the bureaus.
There are no "local" credit bureaus but to check your score through one of the three major credit bureaus use the internet to search for free quotes. Also if you already have some identity theft insurance or coverage they often offer a once a year free credit score report.
as often as your creditors report changes-can be daily
Credit bureaus don't update your credit scores. They update your credit reports. It is a third party company (FICO, Beacon) who processes the information on your credit reports and produces your credit scores. I have continuous real-time access to my Equifax score, and it updated once at the end of February, and then increased by a point in Mid-March. So I'm going to say twice a month based on my experience with accessing my Equifax Fico Score. I can't be certain about the other two bureaus. Basic credit information is reported and updated (usually once a month, sometimes less frequently) by the creditors. Your credit score is a calculation based on that data. The calculation is only performed when a score is requested. So, your score would be updated only upon request.
Normally, banks such as capital one report to credit bureaus every thirty days or every month. Also, when they make their report, all information should be complete and correct.
Kohl's updates monthly according to the credit customer service representative I spoke with today. Apparently they update on your statement date (the date your statement is ready for you to view online or mailed to you). They said it then takes the credit bureaus up to 5 to 10 days to update after that. I'd been calling Kohl's for a month trying to get an answer as to when they update and report to credit bureaus and I got 5 different answers, 5 different times. So I'm not 100% sure any of the CSR's really know. One supervisor I spoke with got very offended and bent out of shape by my asking the question! Go figure! Anyhow, I'm still monitoring my credit to try to narrow down the exact day of the month they report but it's been hard. My other creditors have been able to tell me exactly when they report and I've seen my credit update exactly when they've said it would. But with Kohl's, something is fishy! No one seems to know anything definitive. If I'm able to find out any more detailed information, (which if I do, I'm sure it won't be from Kohls), I'll come back to update. But for right now, Kohls is supposed to update on your statement date. Good luck to you!
No, You will need to write all 3 credit bureaus and request that the information be removed. Credit bureaus are legally bound to remove negative information upon the expiration of such. Unfortunately all credit bureaus are lax in their record keeping and it is indeed often necessary for the consumer to send a letter of dispute containing the pertinent information to have such matters resolved.
they update every thirty days
A collection agency cannot charge-off an already charged-off account. The reporting of the STATUS of the account AS a charge-off can be reported every time they update with the credit bureaus. The 'date of status' must be the date of the ORIGINAL charge-off.
30min
The credit bureaus are legally required to give you a copy of your credit report on request (there's a limit on how often you can ask for it, but if you've never asked for one you should be okay there).
In my experience, the rewards update once a month. They seem to be synched to the billing cycle of the credit card.