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How long can credit card companies put you in bad credit standing?
Wiki User
∙ 11y ago
First of all, it's not really the credit card company putting a consumer in bad credit standing. It's due to the consumer not paying thier bill on time.
Information on payment history is on your credit bureau for 6 years.
Wiki User
∙ 11y ago
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What characteristics to most credit card companies possess?
Some of the main characteristics of credit card companies would be: Empathy (how sympathetic are they to your needs?) Responsibility-How responsible are they with your information and your account? Reliability-how reliable are they and have they been around a long time.
Who will give a credit card to a 19 year old male with no credit history?
It depends on your country - and circumstances. In the UK, credit card companies will gladly welcome new customers - even at the minimum age of 18. So long as you're capable of making the monthly payments due - many card companies won't even look at your credit history.
How long is it before debt collection will be sent if someone does not pay off their credit card?
The length of time a debt collection is sent really depends on the credit card company. If they have attempted to make contact on various occasions with no resolve then the companies will often send out a debt collection notification, and also the companies will notify the credit bureaus.
How long do credit card companies keep record of your signed credit card application?
Most credit card companies only keep records for approx 13-18 months. You would think they would keep them longer right?? With all the bank consolidations happening, records go missing and/or are not implrted into the new computer system. It costs lots of money and time to transfer records of that size.
When a credit card company raises your rate and you opt to cancel the card to stay at the lower rate does that negatively affect your credit rating?
It is always best NOT to cancel a credit card unless your debt to income ratio is too high. As long as you have no annual fees or any other "junk" fees with the credit card in question it is best to take your balance to $0 and put the credit card away in a safe deposit box or somewhere will it will not be stolen. The longer you have a credit card in good standing ( no late fees payments on time etc) it helps your credit. The credit card company will usually raise your credit limit which will help other low intrest cards also raise your limit when they review your credit history. In short YES canceling your card Can HURT YOUR CREDIT.
What characteristics to most credit card companies possess?
Some of the main characteristics of credit card companies would be: Empathy (how sympathetic are they to your needs?) Responsibility-How responsible are they with your information and your account? Reliability-how reliable are they and have they been around a long time.
Who will give a credit card to a 19 year old male with no credit history?
It depends on your country - and circumstances. In the UK, credit card companies will gladly welcome new customers - even at the minimum age of 18. So long as you're capable of making the monthly payments due - many card companies won't even look at your credit history.
How long does it take for a retail credit card processing system to charge my account after I make my purchase?
This is determined by the companies credit card merchant. Most merchants take from 2-4 days.
I need to find out about credit card debt from identity theft.?
Yes it can be removed from your credit report but it is long process. You have to prove your case and supply documentation. Sometimes the credit card companies are slow or unwilling to respond and you may even need to engage an attorney.
How long does a credit card company have to sue you for unpaid credit card debt?
as long as it remains a part of your credit report, 7 years.
How long is it before debt collection will be sent if someone does not pay off their credit card?
The length of time a debt collection is sent really depends on the credit card company. If they have attempted to make contact on various occasions with no resolve then the companies will often send out a debt collection notification, and also the companies will notify the credit bureaus.
Where is a credit card card number?
Embossed on the face of a credit card and is normally sixteen digits long in length.
How long do credit card companies keep record of your signed credit card application?
Most credit card companies only keep records for approx 13-18 months. You would think they would keep them longer right?? With all the bank consolidations happening, records go missing and/or are not implrted into the new computer system. It costs lots of money and time to transfer records of that size.
With the new credit card laws going into effect, are retail credit card processing centers adjusting well?
With the new credit card rules only recently having gone into effect, it is difficult to determine the long-term implications for retail credit card processing centers. However, in the short-term, these processing centers have had to make the same adjustments that bank credit card companies have had to do and they've had several months to make the adjustment as afforded by the law.
Can you get hired by bank that you have credit cards with?
Yes - as long as your credit cards are in good standing.
Is the credit card number the same as the account number?
No, The credit card number is the long string of numbers embossed on the card. The account number is not shown on the credit card - it will be on your statements.
When a credit card company raises your rate and you opt to cancel the card to stay at the lower rate does that negatively affect your credit rating?
It is always best NOT to cancel a credit card unless your debt to income ratio is too high. As long as you have no annual fees or any other "junk" fees with the credit card in question it is best to take your balance to $0 and put the credit card away in a safe deposit box or somewhere will it will not be stolen. The longer you have a credit card in good standing ( no late fees payments on time etc) it helps your credit. The credit card company will usually raise your credit limit which will help other low intrest cards also raise your limit when they review your credit history. In short YES canceling your card Can HURT YOUR CREDIT.
