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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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โˆ™ 2010-02-26 00:22:59
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What can a creditor do if you are in default on a credit card

What do you do when your application for credit is rejected

How can you get a loan with 470 credit score

Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance

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Q: Does credit card consolidation show up on my credit report?
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Related questions

If you have a credit card only in your name will it affect or show on your husbands credit report?

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.


Does debit consolidation hurt your credit?

{| |- | 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. |}


Does the balance on a credit card show on your credit report if you are an authorized user on that card?

In a word, yes.


If you add second person to credit card will it show up on their 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.


If a credit card is not activated does it still reflect on your 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.


If you apply for a credit card and are approved does it show on your credit report?

It will appear on the CR when the account becomes active, not when the card is approved.


How does a debit cancellations show up on a credit report?

Debit cards do not report to the credit bureaus and therefore closing a debit card will have no impact on your credit score.


How can you get a new credit card to report to bureau immediately?

They report nightly. The payment history will take time and after a year your credit will show your progress.


If you have good credit history with some credit cards will they still show that on your credit report and that you paid on time after filing chapter 7?

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


Does it hurt your credit if a credit card company closes your acouunt because you aren't using the credit card?

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


How long does debt consolidation show on your credit?

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.


Will your last name show misspelled in your credit reports if you misspelled your last name in a credit card application but the application was denied?

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.


If the husband owns the credit card and adds his wife to the card and he opens another credit account against that credit card does that affect her 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.


If you have an individual credit card will it show up on your credit report with your husband?

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


If a credit card is discharged in a bankruptcy should it still show a balance on a credit report?

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


What are the downfalls in using a small business credit card?

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.


If you settle an old credit card debt with a collection agency paying the negotiated price in full will the collection agency remove the collection from your credit report?

No the collection will not be removed from the credit report. They will show it paid in full.


How can you know which credit cards you have under your name?

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.


Can you show me a credit card?

no


How long does it take after paying off a credit card for it to show up on your credit report if you are going to apply for another loan?

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


What do you do with items on your credit report that show you as an authorized user and you are not anymore?

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


Will a judgment be removed from a credit report if it is paid?

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.


Do felonies show on credit history report?

no


Does your credit report show if your married?

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.


View my chase checking account number on credit report?

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...