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How will taking a car back to buy here pay here affect credit when they do not report anyway?
Wiki User
∙ 14y ago
If they don't report, then you don't have to worry about it affecting your credit.
Wiki User
∙ 14y ago
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Will balances still appear on your credit report after taking out a loan for your sister and letting her use your credit cards if she can't get credit on her own and you have to co-sign?
Yes, as a cosigner you will be responsible for the debt, so it will reflect on your credit report.
You were waiting to receive a credit card it was taking way to long to get to you so you canceled it will this be bad for your credit?
It most likely will not hurt your credit to much, When you apply for credit it shows as an inquiry on your credit report. To many inquiries is bad. And opening an account and closing it right after shows instability to your credit report and it sticks there for 7 years.
Would taking a loan from your current 401K account to pay off your credit card affect your credit history?
No. Loans from 401(k) accounts are not usually reported to credit reporting agencies, so it should not affect your credit history favorably, or negatively.
How to Get a Credit Report?
There are many ways to obtain your credit report, but many of them cost money. Some credit report websites are scams, taking your credit card information and charging you monthly fees. However, your credit report can be obtained both safely and at no cost, if you know where to look.There are three credit bureaus that issue credit reports--TransUnion, Equifax, and Experian. Each year, you are entitled to view your credit report from each of the three bureaus for free. If you want to view your score more than once per year, you will have to pay for it. To view your free credit report, you should visit AnnualCreditReport.com. This site will take you to your report at each of the three bureaus; you can then view and print your report.Additionally, if you apply for credit and your request is denied based on your credit report, you are then entitled to view that credit report for free. If you are denied credit, you should be given a written denial. On this denial, there will be an explanation of why you were denied, as well as instructions for viewing your free credit report.Aside from these two circumstances--obtaining your free annual report, or being denied credit--you will have to pay to see your credit report. You can go to AnnualCreditReport.com and pay to view your report.If you have concerns about your social security number possibly being used fraudulently, you should check your credit report frequently. You can also sign up for a credit monitoring service. This means that a company will monitor your credit report and notify you if there are any new credit applications or lines of credit. You can obtain credit monitoring services through AnnualCreditReport.com or through your credit card company, such as Discover or Capital One.Disreputable websites will claim to allow you to check your credit report for free, but require you to input credit card information. These sites will then begin to charge your credit card monthly, and the charges can be difficult to remove. Always check the fine print when you use your credit card online, and do not input your credit card information to get a free credit report.Unless you are concerned about fraudulent activity, you probably don’t need to check your credit score more than once per year. So don’t waste your money paying for credit reports or getting credit monitoring services, just remember to get your free report once per year.
Does it hurt your credit to take out a second mortgage?
Taking out a second mortgage can affect your credit score, but it depends on how much of your available credit you are using. Like with a credit card, people who are closer to their borrowing limit are less favorable to banks than people with a lot of credit available.
Will balances still appear on your credit report after taking out a loan for your sister and letting her use your credit cards if she can't get credit on her own and you have to co-sign?
Yes, as a cosigner you will be responsible for the debt, so it will reflect on your credit report.
What do credit reporting agencies report and to whom?
Credit reporting agencies report your credit activities, such as paying bills on time, taking out a loan, etc. They keep track of this and make it available to anyone who requests it.
You were waiting to receive a credit card it was taking way to long to get to you so you canceled it will this be bad for your credit?
It most likely will not hurt your credit to much, When you apply for credit it shows as an inquiry on your credit report. To many inquiries is bad. And opening an account and closing it right after shows instability to your credit report and it sticks there for 7 years.
Would taking a loan from your current 401K account to pay off your credit card affect your credit history?
No. Loans from 401(k) accounts are not usually reported to credit reporting agencies, so it should not affect your credit history favorably, or negatively.
If your debt with a judgment against you has been sold can the judgment still be on your credit report from the original creditor effecting your credit report twice?
No, it's the same account and the new creditor is simply taking over the same rights as the original creditor.
Where one can get free 3 credit reports?
One can get a free credit report from the three major credit rating agencies, Experian, Equifax and Transunion, by signing up to do a trial with them. This will mean filling in an online form of your details on each site. Some cashback sites will give you a rebate for taking up the trial if you go via their sites.
Is there a way to delete my office name off my credit card?
I don't think there is anyway to have your company name taking off the credit card if it was issued for business purposes. I would call the provider of the card and ask them.
How to Get a Credit Report?
There are many ways to obtain your credit report, but many of them cost money. Some credit report websites are scams, taking your credit card information and charging you monthly fees. However, your credit report can be obtained both safely and at no cost, if you know where to look.There are three credit bureaus that issue credit reports--TransUnion, Equifax, and Experian. Each year, you are entitled to view your credit report from each of the three bureaus for free. If you want to view your score more than once per year, you will have to pay for it. To view your free credit report, you should visit AnnualCreditReport.com. This site will take you to your report at each of the three bureaus; you can then view and print your report.Additionally, if you apply for credit and your request is denied based on your credit report, you are then entitled to view that credit report for free. If you are denied credit, you should be given a written denial. On this denial, there will be an explanation of why you were denied, as well as instructions for viewing your free credit report.Aside from these two circumstances--obtaining your free annual report, or being denied credit--you will have to pay to see your credit report. You can go to AnnualCreditReport.com and pay to view your report.If you have concerns about your social security number possibly being used fraudulently, you should check your credit report frequently. You can also sign up for a credit monitoring service. This means that a company will monitor your credit report and notify you if there are any new credit applications or lines of credit. You can obtain credit monitoring services through AnnualCreditReport.com or through your credit card company, such as Discover or Capital One.Disreputable websites will claim to allow you to check your credit report for free, but require you to input credit card information. These sites will then begin to charge your credit card monthly, and the charges can be difficult to remove. Always check the fine print when you use your credit card online, and do not input your credit card information to get a free credit report.Unless you are concerned about fraudulent activity, you probably don’t need to check your credit score more than once per year. So don’t waste your money paying for credit reports or getting credit monitoring services, just remember to get your free report once per year.
Does it hurt your credit to take out a second mortgage?
Taking out a second mortgage can affect your credit score, but it depends on how much of your available credit you are using. Like with a credit card, people who are closer to their borrowing limit are less favorable to banks than people with a lot of credit available.
Does your credit score affect your auto loan rate?
Absolutely it does! Your credit score is used by credit agencies to determine the amount of risk they are taking on. If your credit score is bad or low then you auto loan rate will be higher. However, if your credit score is good or high then your auto loan rate will be lower.
Does taking out a student loan one year and then another a couple of years later without signing a second promisary note result in a new loan or an addition to the old loan on the credit report?
It will appear as an additional loan on yoru credit report, even if issued under the same MPN as a previous loan.
If you have unsecured loans and credit if since taking them you've brought a house if you do debt consolidation will it affect your house?
No, only if the loans are secured against the property
