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just the same as any finance contract will make the payments=good dont make the payments=bad

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โˆ™ 2006-04-11 15:21:38
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Q: How does leasing affect your credit?
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Does leasing a car build your credit?

Yes.


Does leasing a car affect buying a house?

It depends, if you are buying a house in cash, it won't of course. Else, it would quite affect as it would be part of the assessment on your credit and liabilities that the mortgage company will do.


Leasing a mall space with bad credit?

Bad Idea.


What is apartment leasing and its benefits?

The benefits to leasing an apartment are that you do not tie up your capitol. It is also the only option available to people who don't have great credit.


If you do not pay the cleaning move out fees to the leasing company can they report you to the credit bureaus?

LEASING COMPANIES CANNOT REPORT YOU TO THE BUREAUS. SO, NO THIS WILL NOT BE REPORTED TO ANY OF THE BERUEAS. YOU WILL HAVE A DEBT THAT NEEDS TO BE PAYED OFF EVENTUALLY, BUT IT WILL NOT REFLECT NOR EFFECT YOUR CREDIT RATING.


What are leasing journal entries?

Leasing journal entries are the entries made in the accounting journals of both lessor and lessee to account for the expense or income of a lease. An example would be leasing of business equipment. The lessor would enter a credit in rent revenue and a debit in cash, while the lessee would enter a credit in cash and a debit in rent expense.


If Chrysler goes bankrupt how will this affect your lease from Chrysler Leasing?

It is now out of bankruptcy,


When leasing a new car do they look at your paym ent history with the compant or just your credit score?

both.


How does a credit check affect a credit score?

When you ask a possible creditor to inquire about your credit, it may affect your credit. This is because it implies that you're possibly opening a new line of credit. But you have the right to look at your credit report without affecting your credit. When you request your credit report it's called a "consumer pull" and has no affect on your credit.


If you do not have bad credit but very little credit what are the chances of leasing a new car without a cosinger if you make 1840 a month?

You might have to INCREASE the amount of down payment to get it.


WHO is fcalm llc?

Ford Credit Auto Leasing (not sure what the M stands for) LLC is Limited Liability Company.


If you are an authorized user on your parents credit card and they claim bankruptcy how will that affect your credit?

It will not affect your credit at all. Their credit information was used to secure the card. You are in the clear.


What are some of the requirements for vehicle leasing?

Vehicle leasing usually requires that the individual concerned as a good credit history and is of a minimum age of 18 having lived in the country concerned for normally at least three years.


Does a lien on your property affect your 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.


If credit check is poor can it affect getting a job?

if a credit check is done by employers can a bad credit affect getting the job.


If you cosign for an apartment lease will an amount show up on your credit report even though you are not the primary borrower?

A lease is not an agreement to lend money, but to accept monthly installments in exchange for housing over a period of time. Since there is no debt, there is nothing to report on a credit report. The leasing agency will pull both of your credit reports to make sure they want to offer you the lease, and it may create a small address variance on your report (this is unlikely to be of consequence and will not affect your score) unless they make the pull with your correct address. Nothing from your leasing company will appear on your credit unless you default on monies owed (leave without paying a portion of rent or a deposit). If that occurs, they will usually sell the debt to a collection agency that will report you to the credit agencies. A lease is not an agreement to lend money, but to accept monthly installments in exchange for housing over a period of time. Since there is no debt, there is nothing to report on a credit report. The leasing agency will pull both of your credit reports to make sure they want to offer you the lease, and it may create a small address variance on your report (this is unlikely to be of consequence and will not affect your score) unless they make the pull with your correct address. Nothing from your leasing company will appear on your credit unless you default on monies owed (leave without paying a portion of rent or a deposit). If that occurs, they will usually sell the debt to a collection agency that will report you to the credit agencies.


What law allows a borrower to sue a creditor or credit bureau that verifies incorrect data about his or her credit history?

The "Truth in Lending and Consumer Leasing Acts" allow borrowers to sue a creditor or credit bureau that verifies incorrect data about his or her credit history.


What is usually required when leasing a van?

All companies have different requirements for leasing a van. The most default things requirements would be able to show - A vaild driver license - A deposit using a credit card - A signature


How does deferring a student loan affect credit rating?

Generally a student loan does not affect your credit rating


Can you apply for the same exact credit card you already have if the new credit card offer is better and how does doing this affect your credit?

Yes you can apply for exact credit card, it won't affect your credit at all.


Why would checking your credit score effect your credit score?

{| |- | Requesting a credit report will NOT affect your credit. You have the right to look at your credit report without it affecting your credit or score. When you request your credit report it's called a "consumer pull" and has no affect on your credit. The only time when requesting a credit report can affect your credit is when you ask a possible creditor to inquire about your credit. This is because it implies that you're possibly opening a new line of credit. |}


Can overlimit fees on credit cards affect your credit?

yes


How credit card affect the society?

when credit card is not good


Will leasing a car improve your credit rating?

Paying your bills on time is what builds your credit rating. You will be better off paying cash for a car you can afford, even used--or riding the bus. Leasing cars gets expensive in the long run since you pay a large amount for the car without getting any equity.


Where can one with bad credit go to get a loan in Toronto?

Prudent Financial Services, The Loan Arranger, David Skylar & Associates and Ezee Credit Auto Leasing & Sales all offer loans for people with bad credit in Toronto.