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Can I raise my credit score twenty points in thirty days by paying off all my listed charge-off accounts and paying down all my current credit cards?
Wiki User
∙ 16y ago
Unlikely. It will probably take that long for your payments to be processed and balance changes relayed to the credit reporting bureaus.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
How do you find out if your husband's debt is in your name as well?
Check your credit report at www.annualcreditreport.com to see what accounts have your name attached. If it isn't listed, your name isn't on the account.
Does filing bankruptcy remove bad marks from your credit report?
No. What will happen is all the defaulted accounts listed in the bankruptcy will be marked as such.."included in bankruptcy". The credit history, late payments, judgments, etc. will remain the same. In addition to the scenario in the above answer: The bankruptcy filing itself will be listed in the "public records" portion of your credit report. The disposition needs to be listed also (the discharge). The "bad marks" (i.e., the accounts) will show on your credit for 7 years. The bankruptcy listing will show for 7 years for a completed and discharged Chapter 13 bankruptcy and 10 years for a discharged Chapter 7.
For how long closed credit cards stay on my credit report?
only like 5 months -andrea It must depend on the type of credit report. My 2007 CSC Mortgage Services report has credit card accounts on it that I closed in 1997. No late payments, no negative marks. Just listed there as a closed account. -Lee
How do you consolidate credit cards after a prison sentence with no idea how many different cards you had or the balances?
Contact one of the 3 credit reporting agencies, such as Equifax, and all of the outstanding credit accounts you have will be listed on your credit report as well as the phone numbers of the lenders. Or, you could go through a debt consolidation program, and they would assist you and do all of the leg work for you.
How would a collection of 230 affect a person with 50000 in available credit and 730 score?
Your credit score can be decreased by having collection accounts listed, a judgment, late payments or if you have too much available credit. If you have that much credit, you would want to contact the credit issuer to lower your credit limit. Your debt should never be more than 35% of the available credit. Timely, consistent payments to your creditors and low credit limits will help increase your credit score.
The accounts listed on the trial balance with a credit balance include?
owners capital. revenue and expense accounts
What is an open account listed on a credit report?
Open Account - account listed as "open" on your credit report are accounts that are open, includes all accounts that have been reported within the last 90 days.
What accounts might be placed first in a proper journal entry?
Typically, the accounts that are credited are placed first in a journal entry, followed by the accounts that are debited. The credit account is listed on the first line with the credit amount, and the debit account is listed below with the debit amount.
Are accounts payableand notes payable listed under current-noncurrent classification?
Accounts payables are listed in current assets because normally creditors are paid within short term time period.
Allowance for doubtful accounts is listed on the balance sheet under the caption of what?
current asset
Is accounts payable shown on the balance sheet?
Yes, it's listed as a current liability on the balance sheet.
How long is something listed on a credit report?
I've seen accounts listed for years. A bankruptcy will stay on for 10 years. If you have an account that is paid and closed and you want it off of your report you can dispute it with the major credit reporting agencies.
Allowance for doubtful accounts is listed on the balance sheet under what caption?
Answer:The allowance for uncollectible accounts is a contra T-account to accounts receivable. Both are presented under current assets. The allowance can also be subtracted from accounts receivables, showing the net value (common for listed companies).
What is the difference between a Debit and a Credit as it relates to Accounts Receivable?
Accounts Receivable is an account that holds what a person or company owes your business. For example you sold a computer to a customer on credit, this credit is listed in an Accounts Receivable and is an asset.Asset accounts maintain a Debit Balance, meaning that a debit to the account will increase the account (in other words increase the amount the customer owes the company).A credit to the account will decrease the balance of that account (in other words, it records payment or credit to that customers account and decreases the amount the customer owes the company).
Meaning of credit and debit?
Credit and debit are terms used in accounting and bookkeeping. Debit is typically listed first on the left side and credit will be on the right side. The words have opposite meanings. Debit is receiving and credit is giving and in business accounts debit is what comes in and credit is what goes out.
How do you find out if your husband's debt is in your name as well?
Check your credit report at www.annualcreditreport.com to see what accounts have your name attached. If it isn't listed, your name isn't on the account.
If someone filed Chapter 7 Bankruptcy and wanted to repay some of the debts listed in full would that bring their credit with those creditors into good standing on their credit report?
No-the accounts have been discharged in bankruptcy.
