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Will a balance transfer hurt your credit report?
So long as you pay your bills on time, your credit score shouldn't change. Paying down the debt will, of course, help increase your score.
Can a charged off auto loan still be reported with a balance due and accrue finance charges on credit report?
Yes it can. So long as the debt has not been charged off, intrest continues to mount. As long as there is a balance, and the lender has a hope of getting you to pay, he may leave it open. It also helps to get the balance higher so suing you becoems more feasible.
Anything about a TV news report that said credit card companies were accepting lower than 50 percent if you paid the balance in full without receiving a negative report?
I just saw the very tail end of a tv news report that said something about credit card companies were willing to accept 37 percent of the balance if you paid the balance in full without any negative reporting on your credit report. I think it might have something to do with a new plan to get people help to pay off or the government might have been trying to implement something. I cant remember what station, but it was a national news program and it was not an advertisement. I cant find anything about it on the internet. Have you heard anything about this? Thanks J.T.
How long does a lien remain on a credit report?
untill you pay it off
If the children are all in their twenties how long will I continue to pay for the arrears?
until the balance is zero
If you pay off a debt listed on your CR how long will it take for that zero balance to be reflected on your CR?
Once a debt is repaid, the creditor should report the account as current/paid with in 90 days. After paying off an account, obtain your credit report to make sure that all information is accurate and current.
If a car is repossessed and you pay the balance after they sell the car do they remove the Repo in your credit report?
Do they? NOT usually. CAN they?? yes, if you convince them to. reporting a repo is reporting a fact. The repo DID happen. They report the payoff. That is a fact also.
If there is a Single car accident and no police report is filed and we drove car home will the insurance company pay?
As long as you have coverage, yes the insurance company will pay. All you have to do is call them and report the loss.
How long are you required to have mortgage insurance?
You will need mortgage insurance as long as you still have a balance to pay on your mortgage, so in essence for as long as you have a mortgage.
How long is a car repossession on your credit report after you pay it off and get the car back?
7 years
Do you have to pay a debt that is not on your credit report?
If it's a personal debt, such as something off the record, ya might want to.
If you return a car to the dealership which financed it will it still be considered a repossession even if you have to pay off the balance?
YES, unless the LENDER decides not to report a repo to the CA.
