Yes, credit card consolidation will affect your credit score. It will show on your credit report for at least five years, it doesn't hurt as bad as bankruptcy however.
{| |- | There is a chance that using debt consolidation services might affect your credit. Some debt management programs, like credit counseling, show up on your credit report. Some solutions, like debt settlement, don't show up on your credit report, but by definition cause late payments. Most debt consolidation services are there to help you get out of debt, not to sustain your credit report or credit score, so you should priorotize what you really want in seeking debt consolidation help. |}
No, only the owner and authorized users of the credit card will be reported on the credit card company to the credit agencies. If your husband is an authorized user on the credit card then it will show up on his credit report.
In a word, yes.
Yes, it does show up on that persons credit report. If you are late on payments, it will negatively impact his/her credit report.
Yes. If they extend the line of credit to you, and you do not activate it, it will still show up on your credit report.
It will appear on the CR when the account becomes active, not when the card is approved.
Debit cards do not report to the credit bureaus and therefore closing a debit card will have no impact on your credit score.
They report nightly. The payment history will take time and after a year your credit will show your progress.
It depend on the individual credit card companies if they report on your credit history or not, like some department store credit cards may not show on a credit report
Debt consolidation is usually removed when you complete or terminate the debt management plan. It is advisable to review your credit report on completion of the program and make sure that all information on your credit report is accurate. If the notation that you are undergoing debt consolidation has not been removed, you will need to contact the credit bureau to have it removed. There are a few creditors who may continue to report an account in a debt management plan as delinquent until the balance is totally paid up. This may have a negative impact on your credit worthiness.
No. It will show on a credit report as an account closed due to inactivity. It has no effect on your credit score.
If the husband adds the wife as a "joint" it will show on her credit report but will most likely not be counted against her if she tried to apply for a loan. If the husband adds the wife as an "authorized user" it will not even show on her credit report because she has no legal obligation to pay the credit card bills, but she has the right to use the card.