Accounts stay on your credit report for seven years, so any bad accounts will continue to appear even after they've been paid. It will take several years for your score to rise substantially.
Since cell phones do absolutly nothing to build your credit score, as long as you don't let an outstanding balance go into collections, cancelling your contract will not effect your credit score.
as long as your credit file contains negative information it will always impact your credit score
As long as you have had the loan open for 12 months and have been making timely payments it will not lower your credit score. It will actually increase your credit score to pay off early if it is an installment loan.
There are many factors that go into your credit score and cancelling a card, such as how long you have had the card and how large of a balance there is on your other cards. In order to help you make an informed decision based on your specific situation I would read this article http://www.creditcards.com/credit-card-news/cancel-credit-card-and-impact-credit-score-1267.php
All valid negative entries on a credit report remain for the required time limit. Medical bills that were referred to collections would remain on the report for 7 years even if they are paid. The impact of paying a debt upon one's credit score cannot be determined as scores are based upon the consumer's entire credit history.
2 to 3 years to turn you credit around.
Yes, as long as you are all paid up and your credit is good enough to qualify.
A foreclosure can stay on your credit report for over ten years. It will have a significant and negative impact on your score.
As long as you are not able to pay on time your credit cards and you are not maintaining a good credit payment schedule, your credit score is affected. Therefore, you must pay or settle all your accounts with your credit card in order to have a good credit score. There are ways on how to do this. Search online , there are sites that give honest and effective advice.
Your credit score can go down when you cancel a credit card. It often will decrease because now the amount of credit available to you is less. The change in your credit score (+ or -) will be most likely updated the 1st of the following month.
A score of 670 would get you a teri loan. However, note that credit score is not the only requirement. But it sure go a long way.