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It depends on your situation but a foreclosure for example will normally cause you to have bad credit for 7 years. Most of the time bad debit will stay with you 7 years, but may sometimes remain with you for as long as 11 years.
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∙ 11y ago
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How long does negative credit information stay on your credit report?
Most information (good and bad) will stay on your credit report for seven years. However, some financial disasters (divorce, bankruptcy) can stay for as long as ten years. The silver lining to this is that, the older the negative information is, the less influence it has on the overall report.
Can someone get approved for a prepaid debit card with bad credit?
Yes - because a debit card can only be used IFthere are funds in the bank account to cover the transaction. I use debit cards myself - instead of carrying large sums of money. So long as I have funds in my account to cover purchases on the card, the transaction is accepted.
How long does bad debt stay on your credit report?
Typically, it's reported for seven years, except for bankruptcy, which is reported for ten years.
How long do you have to wait for a credit card after you apply?
at least one to two weeks depending on who you apply through. if you're looking for debit cards you can go to rushcard.com and use the referral code moneymaker this is a prepaid visa card you can also get direct deposit on it. there is no credit check and you'll get it within a week. and credit cards or debit you can go here http://www.getgoodcredit.newcreditapplications.com it has major credit card companys and there is something for everyone bad credit no credit business students prepaid everything you're looking for they have and its not hard to get approved i have a few myself.
CAN YOU Find a credit card for people with bad credit?
if you're looking for a good debit card you can go to rushcard.com and use the referral code moneymaker this is a prepaid visa card you can also get direct deposit on it. there is no credit check and you'll get it within a week. if you want good credit cards or prepaid or debit go to http://www.getgoodcredit.newcreditapplications.com it has major credit card companys and there is something for everyone bad credit no credit business students prepaid everything you're looking for they have and its not hard to get approved i have a few myself.
Do you credit allowance for bad debt and debit bad debt expense?
you smell
What is journal entry of bad debts?
[Debit] Bad debts [credit] accounts receivable
Can you rent a car with bad credit?
As long as you have a credit card and fair driving record. Debit cards will sort of work, but they suck a lot of money from your account for awhile.
Increase provision for bad debts what is double entry?
Debit Bad Debts Credit Provisions for Bad Debts
How long does a bad credit score stay on records?
it currently takes 7 years for something to come off of your credit report
What is Household Bank?
Household bank is a lending company. They issue credit cards and prepaid debit cards for people with bad credit or no credit.
What is the journal entery for provision for bad debts?
Profit & Loss A/c [Debit] Provision for bad debts [Credit]
Using the allowance method what does the journal entries do?
The journal entry to record the adjustment to the AFDA is as follows: Debit Bad Debt Expense Credit AFDA To record a write-off: Debit AFDA Credit Trade A/R To record a recovery of a previously written-off transaction: Debit Trade A/R Credit AFDA Debit Cash Credit Trade A/R
Is allowance for bad debts a credit or debit balance?
It is a DEBIT balance. under no circumstances will this account be a credit balance because essentially you are setting aside money to cover A/R that will never be recieved.
How long will a bad account stay on credit history?
Until you clear your debt and your good with the company. After that it will stay on there for about a year but will also have that you paid your money. If you havent paid your debt, then it will remain on your credit history.
How do you calculate the Bad Debt Expense on the income statement report?
credit the account receivable and debit the bad debt expense.
How long does negative credit information stay on your credit report?
Most information (good and bad) will stay on your credit report for seven years. However, some financial disasters (divorce, bankruptcy) can stay for as long as ten years. The silver lining to this is that, the older the negative information is, the less influence it has on the overall report.
