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Answered 2010-02-26 00:22:59

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.

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{| |- | 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.


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.


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.


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.


No. It will show on a credit report as an account closed due to inactivity. It has no effect on your credit score.


If your credit card application was denied, you do not have a credit card. You are not in the credit company's system. Therefore, you will not receive a report.


It can. My wife and I have some individual cards that show up on both reports and others that do not.


Many credit card companies will require that the credit card be guaranteed by the business owner. This means that the credit card would show up on the business owner’s credit report. This might pose a problem if you get into substantial debt.


It will remain on the report for the required length of time and should be marked "included in bankruptcy."



The simplest way to get this information is to pull your own credit. Each credit card along with other debts you have will show up as a "trade line" on your credit report. Keep in mind that new credit cards will sometimes take up to 60 to show up on your credit report.


about 30 days, but don't close the card just yet that will have a negative impact on your credit score.


Personal checking accounts will not show up on your credit report. If you have a Chase credit card, you will see some information about the card like reported balance, status, and maybe the current APR on your report, but you won't see any information about to the checking account you use to pay the bill...


If someone adds you as an authorized user on their credit card account, and they supplied your SSN when adding you, it would probably show up within 30 days. Of course that means that you would have to get a new report each month or sign up for some kind of Alert service.


CRA's in the US, report the credit history of transactions made only in the US. Therefore credit history from another country would not show up on a report in the US. This does not prevent a prospective creditor from requiring confirmation of the person's previous credit history.


No. It will show that you had a judgment on your credit report for up to seven years, but it will show a zero balance.


Notify the company that has the listing, and tell them you are no longer a user on the card.


If you filled out any applications for credit and said you were married -or- if you have any joint credit with your spouse, it will be on your credit report.


The report scores show how well you handle credit. Such as paying back the debt owed or handling of bank accounts. If you have bad credit you may not be able to get loans or open certain bank accounts, or have a large credit card amount.


Debt consolidation is a refinanced loan with extended repayment terms. Extended repayment terms mean you'll be in debt longer. A lower interest rate isn't always a guarantee when you consolidate. Debt consolidation doesn't mean debt elimination debtredemption.



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