answersLogoWhite

0


Best Answer

Yes, especially if the arrangement is with a debt collection agency and not the original company. That you're paying the bill is good, but the history of having trouble paying it and the bill going into collections will be reported on your credit history.

User Avatar

Wiki User

โˆ™ 2006-02-23 17:29:10
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +20 pts
Q: Can a 400 bill that is unpaid affect your credit report even if you make payment arrangements with the debt collector?
Write your answer...
Submit
Related questions

What happen if Unable to pay credit cards for 3 months?

First, they will close the account to any further charges. By 90 days, a collector will be assigned to the account. You need to work with that person to make payment arrangements.


Most widely used and accepted form of payment for making business travel arrangements?

Major credit cards are the most widely used and accepted form of payment for making business travel arrangements.


Which of the following is the most widely used and accepted form of payment for making business travel arrangements?

Major credit cards are the most widely used and accepted form of payment for making business travel arrangements.


Do forbearance payment affect credit score?

Do forbearance payment affect credit score? Also, if your lenders agree to a short sale and you have not been deliquent on your payments but the lender granted you a forbearance, will your credit score be affected?


How much does a late credit card payment affect your credit score?

I recent late payment on an open account can hurt your credit score up to 60 points.


Where can one find a auto insurance collector?

If one is referring to an auto insurance collector as in someone who collect payment, most agents and brokers have systems set up for payment. Most can pay by credit card or by check.


If a defaulted student loan is consolidated with repayment at 0 does this affect credit rating for non-payment?

No, if you receive an income sensitive repayment plan after consolidating and the payment is $0 because of your dependents and income, then it will not adversely affect your credit score.


Can a thrid party collector put a lien on your mortgage in Texas?

yes they can. But only for non payment of serives/ material. Not a credit card or credit lending company.


How does a late payment on an apartment lease affect your credit rating?

Late Payment on Apartment LeaseA lease will not show on your credit report; unless there was a judgment against you.


What is the most widely used and accepted form of payment for making business travel arrangements?

Visa/American Expresscredit cards


Will paying off charge offs results in a higher credit score?

Yes, your credit score will impove if you payoff charge offs, if the lender or collector reports the payment to the credit reporting agency.


If a credit card in husbands name only and has late payments does it affect wifes credit?

No, if the wife is not an authorized user on the credit card then it does not affect the wife's credit report. So the late payment will only be on the husband credit report.


How can your boyfriend improve his credit rating if he has a few unresolved collection debts and small unpaid debts from years back?

He needs to make arrangements to pay them off. If he can't pay them off in a lump payment, he needs to inquire as to whether the company will make payment arrangements with him. If so, advise him to get it in writing and then follow the agreement exactly as it was made. This "payment arrangement" of a collection actually will help him on the road to rebuilding his credit rating.


Do you need a credit card to get a hotel room?

Normally, yes. If, however, you make prior arrangements with the hotel, you can use other payment options.


How does financial aid affect your credit score?

Im applying for financial aid for my house payment. will it effect my credit score


Does bad credit lead to problems with mortgages?

Bad credit can lead to problems with mortgages because a low credit score could affect your annual interest rate for a loan and cause it to become higher. It could also affect your monthly payment because bad credit will put restrictions on the down payment amount which will consequently raise your monthly payment and inevitably lead to problems with mortgages.


Will stopping payment on crashed rental car affect credit?

Credit? No. But if you crashed the rental car, then stopped payment on it you could be arrested and/or sued. ** sure it would- the company can send you to collections and that would be on your report- affecting your credit.


What is the Reimbursing Bank under a letter of credit?

In letter of credit (L/C) arrangements, the bank (often, but not always the issuing bank) that serves as a source of funds for payment to the L/C's beneficiary.


How do judgements affect your credit score?

It can affect you dramatically. Make sure that you set up either a settlement of payment plan.


Can a credit card come send you to collections if you are making a payment?

They can do whatever they want if you are behind, but it would be weird for them to pursue collections if you are making REGULAR payments. Call the credit card company and make arrangements.


How long will settled debt affect your credit rating?

seven years from the date of last payment.


Should you default on credit card bills thus ruining your credit record or sell your car which is in good condition and likely to last a few more years?

Sell your car to pay down your debt and buy a beater. Have you contacted the credit card companies? It may make sense to call them to discuss payment arrangements. I have a client who had a $25,00 credit card bill with payments over $1000/month. By calling, they were able to get the rate lowered to around 8% and a monthly payment of $600 for one year after which the credit card company would review the payment plan. Many of the credit card companies are instituting these types of arrangements so, even of you do sell your car, you may want to try and work out a payment arrangement to suit your budget.


How can an unpaid long distance bill of about 800 dollars affect your credit report and future credit?

It can have a significant impact on your credit. Every day, I see collection accounts from phone companies on people's credit reports. Any derogatory information, whether it is a late payment, an updated collection account (paid or unpaid) or legal items, that have occured in the last 12 months can affect your credit score up to 35%. Factor that as a 150 to 350 point deduction from the total of 850 to 900. Credit scores affect not only whether or not credit is extended, and how much a consumer is required to pay in interest rates and fees; they also affect utilities, insurance and even employment opportunities. It will lower your credit score until it is paid. It is best to pay this debt off in full or to make payment arrangements and abide by it each month. Even if you are only paying $25.00 a month, it is much better then having it unpaid on your credit reports.


What is credit payment safe batch?

credit payment safe batch


Will a private student loan that is currently deferred negatively affect your credit score?

It will appear as an obligation and as such limit the amount that will be considered for total monthly payment. No I don't think it will affect your your credit score.