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Does your social security number affect the amount of credit you can receive under your tax id number?


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2007-05-06 00:51:52
2007-05-06 00:51:52

Nonsensical question: A persons SS# is their Tax ID number. Credit of and for what?


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No. You must report income to receive the Earned Income Credit. You must file a tax return to receive the credit, even if you otherwise would not have to. Any amount of the credit over the amount of taxes you owe will be refunded to you.

The tax credit amount does not have any affect on your AGI nor on your taxable income amount. Your federal income tax liability if any will be reduced by up to the 8000 of your FTHBTC. If your federal income liability is less than the 8000 amount then you will receive a refund of the amount that is left. The 8000 FTHBTC is a refundable credit and if you do not have any federal income tax liability you will receive the 8000 amount as a refund.

You do not receive credit for failed courses.You do not receive credit for failed courses.You do not receive credit for failed courses.You do not receive credit for failed courses.You do not receive credit for failed courses.You do not receive credit for failed courses.

Yes, your credit score does affect the loans you are able to receive. The better your credit score, the better of an interest rate you will get.

Some FHA mortgage requirements are being employed and having a decent credit score. Your credit doesn't affect the amount you can be loaned as much as how much money you make.

Credit building credit cards, also known as secured credit cards, allow the user to deposit a certain amount of money as collateral in order to receive the card. The higher the amount deposited, the higher the credit limit. Websites such as Credit and Bankrate offer information on how to obtain credit building credit cards.

Another account will receive a "credit" entry, meaning the amount will be (You can refer to the company's chart of accounts to select the proper accounts}.

Your credit score can be impacted by available credit. Available credit being the amount of debt you could owe, if used. To use the amount, occasionally, and pay the funds back immediately will help you build a repayment history.

It will appear as an obligation and as such limit the amount that will be considered for total monthly payment. No I don't think it will affect your your credit score.

To receive a more accurate quote a credit check may be down which would require your social security number

Absolutely. Your credit score is based on the amount of money you owe, have owed or are in arrears. There is a formula used to compare your income to debt ratio. The higher the debt compared to your income, the lower your credit score.

Credit scores are individual and your marriage to someone with a lower credit score than yours will not affect your credit score. Credit scores are based on how much debt you owe versus how much credit you have available, how you make your monthly payments, etc. It has nothing to do with your spouse's credit. That said, their poor credit may affect your ability, as a couple, to get the best rates on credit that you seek together, e.g. if you attempt to buy a house together. It wouldn't impact your personal credit, but it would impact the loan offer you receive.

High Credit card balance affect your credit score negatively. See, the debt to credit ratio makes up 10% of your credit score. This means the amount of money you owe on a credit line. The more you owe, the worse it hurts your credit (maxed out cards do the most damage). It is recommended to try to be below 30% of your line of credit.

A secured credit card requires a security deposit. An unsecured credit card is the traditional credit which does not require a security deposit.

The credit reduces your taxable income by up to $1,000 per qualifying child, so your income must be at least as much as the amount of the credit you claim. Otherwise, there is no income for the credit to reduce. If you make less than the amount of the Child Tax Credit, you may still qualify for the Additional Child Tax Credit.

Accounts receivable represents the amount, business is required to receive from customers who purchased goods on credit.

Depending on your speeding limits on your credit card it should tell you how much credit you are allow to spend on your credit card when swiped as credit, it also tells you how much cash you can receive from it (its always a smaller amount than you can spend if swipe as credit) when you first receive the card. You can go to a bank an do a "cash advance" You'll have to give the person processing your transaction an specific amount to try and do the cash advance. Most likely the person processing the transaction won't be able to look up information on the balance on the account because of restrictions. The amount you can take out of the card may increase as you start to build credit.

No. Credit bureaus go by social security numbers.

No, if you receive an income sensitive repayment plan after consolidating and the payment is $0 because of your dependents and income, then it will not adversely affect your credit score.

No, it won't affect my score, she's not my wife. Just kidding. Credit may be obtained individually (even in community property states) by law. Therefore your spouse can apply without you, meaning that your information and your social security number (by which you would be reported to the credit agencies) are nowhere on the application and you will not sign the agreement. If this is how she applies, it will not affect your score.

The security code on a credit card is usually a three digit code that helps secure credit card transactions. On a typical credit card, the security code is usually found on the back.

When you have one employer the amount of FICA for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60 If you have more than one employer and your combined wages reported on your W-2 are more than the 106800 amount and your the withheld social security amount is more than the 6621.60 then you would get a tax credit for the amount that is over the 6621.60 on your federal income tax return.

Anybody can apply for a Capital One credit card. If you receive on and the amount of your credit limit will be determined on your income, your credit history, and your employment stability. Everyone who applies for a credit card will have to have their credit report reviewed by the bank they are applying to.

There are many free credit repair guides available online. There are also a large amount of forums where you can receive individualized advice.

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