Credit can report an account 7 years from the last date of payment. This important that you understand, if you want to increase your credit score. Remember, good credit is history is established with a proven record of making at least the minimum payments on time--by or before the due date, and staying within your credit limits. It is also best to be moderate in all your purchases and resisted the temptation of applying for more credit than you can handle. Here are the ways you can maintain a good credit history: 1. OPEN A CHECKING ACCOUNT, A SAVINGS ACCOUNT, OR BOTH. These do not begin your credit file, but may be checked as evidence that you have money and know how to manage it. Cancelled checks can be used to show you pay utility bills or rent regularly, a sign of reliability. 2. APPLY FOR A DEPARTMENT STORE CREDIT CARD. Repaying credit card bills on time is a plus in credit histories. 3. GET A SECURED CREDIT CARD. A secured credit card is a bank credit card backed by money you deposit in a bank account. If you don't pay off your credit card bill, the money in your account may be used to cover that debt. 4. IF YOU'RE TURNED DOWN FOR CREDIT, FIND OUT WHY. It's important to clear up any credit misunderstandings or mistakes, because a bad record can cloud your credit future. Your credit rating is important, so be sure credit bureau records are complete and accurate. You must have the proper knowledge in handling your credit affairs and need a great reference source e.g. Phil Turner's Book The Credit Bible. Everything You'll Ever Want To Know About Credit.
When you pull your credit report you will notice at the very last pages of this report your creditor informaiton. This includes the name if the creditor, address, and phone number.
No.
HC on a credit report means High Credit. This is the highest amount of money a creditor has issued to you in the past.
You must pay all of your legitimate debts. A creditor is not required to report a debt to a credit bureau in order to collect the debt you owe.
Generally speaking, at some point the creditor is not going to spend the money to keep a deragatory on your credit report. In the case of Bankruptcy it stays on you credit report for 10 yeas. In the case of foreclosure it stays on your credit report for 7 years.
When you pull your credit report you will notice at the very last pages of this report your creditor informaiton. This includes the name if the creditor, address, and phone number.
Yes. There are no laws stating that any creditor has to report to any more than one credit bureau (and the creditor is allowed to choose which one to report to).
No.
Yes, they can report you for any amount they are owed.
HC on a credit report means High Credit. This is the highest amount of money a creditor has issued to you in the past.
Only the original creditor or the credit bureaus can remove a charge off from a credit report. You can negotiate to have them removed with the original creditor if they will let you. You can also dispute it to the credit bureaus and they will have 30 days to verify the listing or it must be removed from your credit report.
You must pay all of your legitimate debts. A creditor is not required to report a debt to a credit bureau in order to collect the debt you owe.
Typically credit reports are updated monthly, but can take up to 90 days in some cases.
No, it's the same account and the new creditor is simply taking over the same rights as the original creditor.
Generally speaking, at some point the creditor is not going to spend the money to keep a deragatory on your credit report. In the case of Bankruptcy it stays on you credit report for 10 yeas. In the case of foreclosure it stays on your credit report for 7 years.
An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.
You'll have to be patient and give the creditor 30 days to update your credit report. If it isn't done by then, simply dispute it and the bad information will be removed.