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If you paid off all your old debts over two years ago and have had perfect credit since why has your credit score not gone up yet?
in order to incrase your credit higher, your expense has be higher as well. meaning, if you have a credit card you are not using. then your credit card company doesn't report your credit to credit bureau.. your expense and debt ratio will determine your credit score...
What is a credit report and what is a credit score?
A credit report is a list of your credit accounts with different creditors stating your payment history with them. A credit score is made up of different items on your credit report using an algorithm including payment history, credit length, debt to limit ratio, credit types, and inquiries.A FICO credit report has 5 components that are used to determine your credit score:Payment historyPercentage of available credit in useLength of time (how long each account has gone since the last action, and the age of each account has been open)Amount of new creditVariety of debt
When charge offs and debts finally are removed after 7 years will you get to start fresh?
It depends on what you mean "Fresh Start." Once your debt is removed it is gone permanently. That doesn't mean that you reapply you can get the same credit back. The companies keep a record of this and you might be denide. This does help you regain some of the points to help your credit score. I hope this is helpful. I was a Financial Counselor for 12 years in the U.S. Navy.
Is it better for your credit score to settle a collection account or pay the full amount?
It is always best to get paid on your account. Once it has gone to collections, the credit ding is there. So, get the best deal you can in settling the account and pay up. Make sure to get a paid receipt and watch your credit report until the change shows up.
How many years does bankruptcy effect your credit score?
bankruptcy will affect you as long as it is reporting on your reports until the SOL runs. Once it is gone from your reports you will see a positive change in your score. Remember just because it is not reporting it still may affect you in some way due to the fact that it is a court ruling and is public information.Bankruptcy typically stays on your credit report for 10 years.
There was a collection from a cell phone co. on your credit report from 2002 this month it was gone and your score was up what does this mean?
That means that the collection is gone and your score has gone up. *wonders if this was a trick question*
If you paid off all your old debts over two years ago and have had perfect credit since why has your credit score not gone up yet?
in order to incrase your credit higher, your expense has be higher as well. meaning, if you have a credit card you are not using. then your credit card company doesn't report your credit to credit bureau.. your expense and debt ratio will determine your credit score...
What is a credit report and what is a credit score?
A credit report is a list of your credit accounts with different creditors stating your payment history with them. A credit score is made up of different items on your credit report using an algorithm including payment history, credit length, debt to limit ratio, credit types, and inquiries.A FICO credit report has 5 components that are used to determine your credit score:Payment historyPercentage of available credit in useLength of time (how long each account has gone since the last action, and the age of each account has been open)Amount of new creditVariety of debt
Can you score from a penelty if it hits the pol?
Yes you can as long as it has not gone out, you can score from a rebound.
When charge offs and debts finally are removed after 7 years will you get to start fresh?
It depends on what you mean "Fresh Start." Once your debt is removed it is gone permanently. That doesn't mean that you reapply you can get the same credit back. The companies keep a record of this and you might be denide. This does help you regain some of the points to help your credit score. I hope this is helpful. I was a Financial Counselor for 12 years in the U.S. Navy.
Is it better for your credit score to settle a collection account or pay the full amount?
It is always best to get paid on your account. Once it has gone to collections, the credit ding is there. So, get the best deal you can in settling the account and pay up. Make sure to get a paid receipt and watch your credit report until the change shows up.
How many years does bankruptcy effect your credit score?
bankruptcy will affect you as long as it is reporting on your reports until the SOL runs. Once it is gone from your reports you will see a positive change in your score. Remember just because it is not reporting it still may affect you in some way due to the fact that it is a court ruling and is public information.Bankruptcy typically stays on your credit report for 10 years.
What was the role of ancient stewards?
He was in charge when the lords was gone
Does having negative information drop from your credit report when the time limit has ran out boost your credit score automatically?
Yes. But probably not by much. The reason has to do with the configuration of credit scoring software. Credit scores places the most emphasis, 35%, on what has occured recently (within the last 12 mos). So, information so old that it is "dropping off" is not causing much of a deduction anyway. However, the deduction that is being generated would be gone once the data falls off. Even if this is only a few points, yes, your score would recover those points.
Can you file for bankruptcy if your credit cards have gone into collections?
Yes.
Do charge offs older than 2 years have to be paid off before being approved for a mortgage?
There are two schools of thought on this issue. One, that paying charge offs will show to any future creditors the consumer is acting in good faith by honoring financial obligations. If, however, the account has gone to collections the results may be just the opposite and could do more harm then good to a credit score. The consumer would need to decide what is the best action relating to their personal circumstances.
Why would pilgrims gone to visit Becket's shrine at Canterbury?
he was a credit
