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Answered 2006-08-31 11:28:21

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.

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Does canceling a cell phone contract early but paying the associated fees damage your credit score?

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.

Will paying off loans early give you a lower 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.

How long do i have to have a credit card before i get a credit score?

6 months

The credit score advice for me to prevent bad credit score especially when I have a master card which has been unused for a long time.?

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

How long will it take for a medical bill collection to come off your score after it has been paid?

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.

If you have been making all your payments on time and in full how long does it take to get a good credit score?

2 to 3 years to turn you credit around.

How long will a foreclosure be on your credit report and how will it effect your credit score?

A foreclosure can stay on your credit report for over ten years. It will have a significant and negative impact on your score.

Can you subscribe again to Verizon Wireless after a collections debt has been paid?

Yes, as long as you are all paid up and your credit is good enough to qualify.

How long does it affect your credit score if you do not pay your credit cards?

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.

How long does it take for credit score to improve after you cancel a credit card?

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.

How long does it take for credit score to go up in rating after paying off debt?

How long does it take for credit score to go up in rating after paying off debt?

Minimum credit score for TERI loan?

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.

How long does bad credit affect your credit score?

as long as your credit file contains negative information it will always impact your credit score

Is spending a few hundred dollars on a credit card enough to cause a lower credit score?

As long as make the correct payments it should actually increase your credit score.

How long before piggyback credit would effect credit score?

30 to 45 days

How long does it take the credit score to go back up after receiving a credit report?


How long after bankruptcy does your credit score start to improve?

After 7 years, you can start rebuilding your credit.

When buying a house, will a loan company tell you your credit score?

Any type of loan company you talk to will be able to let you know your credit score. As long as you have a really good credit score you should have no problem getting a second home.

Where do you get help for financial institutions to understand what determines a credit score?

How your FICO score is determined is a will kept secret- but the main factors are how long you have had credit, the % of each credit line you have used, and late payments

What does remortgaging do to your credit?

In the short term it can make lenders a little harder to work with because the property has been refinanced; in the long term it can help a credit score if the payments are made on time.

How long will a dental bill dispute of 350 dollars that went to collections stay on your credit history?

Would closing a credit card damage my credit score?

Yes closing a credit card can damage your credit score. But as long as everything else is good it should not affect you credit rating to much. Look for tips to keep a good credit card rating.

Whats the fastest way to raise your credit score?

Get a credit card, buy things with it and pay them off IMMEDIATELY when you get the bill. As long as you are NEVER late, this kind of credit (called revolving credit) will raise your score quickly. If you are ever, ever late this will lower your score even faster.

Does my applying for a credit card affect my spouse's credit score?

no it doesn't as long as you both don't at the same time.

Does unemployment effect credit?

Unemloyment does not affect your credit score, as long as you keep up with your payments. It does make it difficult to obtain new credit.