0
What else can I help you with?
A credit to a liability account?
indicates an increase in the amount owed to creditors.
How does Lexington Law improve credit scores?
Lexington Law improves credit scores by identifying and disputing inaccurate or questionable items on credit reports, such as errors or outdated information. They work with credit bureaus and creditors to address these issues and help clients establish positive credit behaviors. Over time, this can lead to an increase in credit scores.
How often can your credit score increase?
Credit scores can increase or decrease monthly depending on when your creditors report items on your credit report. Typically creditors only report items to the credit bureau every two to three months, but if you make a late payment of 30 days or more delinquent they report monthly.
Is there a time limit on disputing inaccurate credit information?
There is no statute of limitations in disputing information on your credit report. If it is being reported, it can be disputed. Simple enough! ;o)
After a promotion how do you increase your listed income at the credit bureaus?
Credit bureaus don't usually keep that information. You provide it to prospective creditors when you apply for a loan or credit card.
Does a credit to a liability account increase or decrease amount owed?
It increases the amount owed, because creditors would be credited
What can you do if a credit card was not listed in your bankruptcy but was on your credit report and credit card co did a review for credit line increase and saw the bankruptcy and notated the account?
That depends on HOW they notated the account. If they marked it as 'included in bankruptcy', even if you did not list them on your creditor matrix, you probably will not succeed in disputing it, but you can try.
How can you get all your credit reports to match?
AnswerYou get them to match by disputing errors with each individual credit agency.
How can we calculate creditors payment period?
Average Creditors / Credit purchases = '?' x 360 = '?' ex. Average Creditors / Credit purchases = 50 000 / 120 000 x 360 = 0.4166 x 360 = 41.7 (average creditors = Creditors at the biginning of the year + creditors at the end of the year divided by 2) Average Creditors / Credit purchases = '?' x 360 = '?' ex. Average Creditors / Credit purchases = 50 000 / 120 000 x 360 = 0.4166 x 360 = 41.7 (average creditors = Creditors at the biginning of the year + creditors at the end of the year divided by 2)
How do you get your creditors list?
You can get a list of your creditors by checking your credit report. Most of all creditors will report to the agencies and will have a record.
How do you get credit reporting agencies to delete items from your credit report?
By disputing negative or errorenous information on your credit report. You can do it yourself or hire a reputable credit repair firm.
How does credit repair works?
Credit repair is the act of removing negative items from your credit report to improve your credit score. You can do this using the Fair Credit Reporting Act, which gives consumers the right to dispute anything on their credit reports they believe to be incorrect or erroneous. The process involves disputing your negative items to the credit bureaus. The credit bureaus then have 30 days to verify your listings with the original creditors or it must be removed. There are other aspects of credit repair involving reducing debt and inquiries, but removing negative items is the main part.
