A debt settlement offer has no bearing on your credit rating or score. It is only an offer, a proposal. Your credit rating is based on how you have paid the debt in the past 7-10 years. Your credit score is a numerical picture of your assessed risk as a borrower, based on the information in your file at the time the score is requested.
Generally a student loan does not affect your credit rating
This answer depends on the procedures of the courts in your state. Generally, a judgment will be reported on your credit rating a will be a negative mark against. Instead, you can have a stipulation for settlement that keeps the case open and then the case is dismissed when the settlement has been fully paid.
Debt settlement is good for your credit rating. Just settle the debt and move on. Do not use a debt settlement company, ever.
Possessing a criminal record CAN affect your credit rating - but to what extent, is a confidential rationg factor the credit rating industry won't release.
It would not have any immediate impact on your credit rating, a settlement figure is just a statement provided by your lender on the amount outstanding to clear the loan in full "To settle".
An Unsecured loan can very much affect your credit rating, but it depends on whether you pay it back and keep your promise. If not, your credit rating can severely drop and you will lose trust with your provider.
Yes. Any new credit account or loan will effect your rating.
No, your credit rating is separate from your spouse. If he or she cosigns it will only effect his or her credit rating.
Yes, it will affect your credit. My sister had a lien and she could not get some credit she applied for because of it.
no it does not affect your children's credit rating. credit score is based on how an individual uses credit, not on how other people uses credit. what possibly may happen is children may learn thier parent's bad credit habits. if a consumer needs a co-signer (parent) then if the parent has a bad credit rating that will affect the loan
==Answer == Not in any way. Your credit rating is only determined by how YOU handle your credit on anything that is in your name.
A car reposession will leave a major black spot on your credit rating for 7 years.
Yes, if you default on any loan it will affect your credit rating negatively.
Collection agencies cannot restore your credit rating, all they can do is report if the debt was paid, or if a settlement was agreed upon. The credit reporting agencies are who you need to contact in order to get your credit rating restored, such as Experian and Equifax.
== == Look up this site: edebtfree.org/ccc.htm
It shouldn't impact your credit rating all. However, his bankruptcy will remain on his credit for up to 10 years. If you get married and try to buy a home for example, then his credit rating will affect both of you.
Credit scores are calculated primarily on "Credit". After closing a card............do you have "credit"? No. You HAD credit......now you don't. It certainly won't help your scores.
It should not affect your credit rating. Discuss the situation with your bank and have it changed and monitor your credit report. If you see an error, report it immediately. In the report, you will be able to issue a statement on why the account was overdrawn and it will be removed.
Yes closing a credit card can damage your credit score. But as long as everything else is good it should not affect you credit rating to much. Look for tips to keep a good credit card rating.
If you were a victim of credit card fraud your credit rating may is QUITE LIKELY to be affected.
Yes, a lien on your title, which clouds it, becomes public record and can affect your credit rating.
The Clear Credit Corporation is a company that helps people improve their credit and maintain a good credit rating. The services they offer include the following: credit score optimization, credit restoration, debt settlement, and credit score consulting.