Quantcast
answersLogoWhite
notificationBell

Top Answer
User Avatar
Wiki User
Answered 2009-07-11 00:07:41

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.

001
๐Ÿ™๐Ÿฟ
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Still Have Questions?

Related Questions

If you cosign an auto lease will it show on your credit report if all payments are made on time?

Yes. It shows up on your credit report as a co-signed loan. The up side is you will receive credit for a good loan on your credit report. The down side is if you apply for credit they will usually count that debt as yours since if the maker does not pay you are responsible and if they use any type of debt to income ratio to qualify that will increase your debt %.


How do you get credit card debt removed from credit report?

It is always easy to think just because your debt your credit goes up, but that is not true at all. Many credit companies don't tell people that are suffering with credit debt or any debt that it not because your in debt that bring it down there are hidden fees that are not been removed so there where I come in and tell you the truth don't pay the debt. Its not going to help you out get in contact with an expert. I you need more information contact me at 786-792-2002


Roll-Down Your Credit Card Debt!?

Roll-Down Your Credit Card Debt!The Credit Card Roll-down Calculator applies two simple principles to paying off your credit card debt.Payoff your highest interest rate first.When a card balance is paid in full, apply its monthly payment to the card with the next highest interest rate.To see how this can be applied to your credit card debt, enter your credit card balances and an additional Roll-down amount. The calculator will then apply your additional monthly payment to the credit card with the highest rate. When that credit card is paid in full, the card with the next highest rate will be paid down. This continues until you have rolled through all of your credit cards and your debt is paid in full. Click the "View Report" button for a detailed look at the results.


Will a balance transfer hurt your credit report?

So long as you pay your bills on time, your credit score shouldn't change. Paying down the debt will, of course, help increase your score.


Is there a statute of limitations on credit card debt in Illinois?

You will owe your credit card debt until it is forgiven, discharged in bankruptcy or paid off. Credit card debt can be negotiated down with the creditors.


What are some guaranteed debt solutions?

Debt management and credit resources are great debt solutions. Cutting down on expenses and lowing your average credit card usage can help get you out of debt.


What are some dangers of taking out a loan to pay down credit card debt?

The danger of taking out a loan to pay down credit card debt is that one may then be inclined to borrow more on the credit card. However, if the loan is at a lower interest rate than that on the credit card debt, and more debt is not incurred, it would be a good idea.


Where can one find a credit card debt advice?

One can find credit card debt advice from a variety of different locations. You can try a debt counselling agency, blogs on cutting down on debt, debt forums and you can even ask your credit card for help too.


How can a credit repair service help individuals who are deep in debt?

A credit repair service can be helpful to individuals who may have misinformation on their credit report. For a fee, a credit repair service will fight on your behalf to remove any old or untrue information on your credit report. Since most credit card companies use your credit score to raise your interest rates, it may help to lower your current interest rates on credit cards you have or are currently paying on. If your payments are lower, it will free up cash to pay down the debt faster.


Who do you contact to clean up your credit report?

You will need to contact the credit reporting agency that has posted incorrect information - the contact information will be included in the credit report sent to you, or you can contact the company via its website. However, if your credit report has weak points but the information is accurate, you will have to improve your money management habits to get the information to eventually drop off the report. Pay down debt, make payments on time, keep on top of what money is where, etc.


If you make voluntary payments on a car loan that was discharged in a bankruptcy can they still report it as a repossession on your credit report even though the debt is not legally owed?

My guess is that they probably can still list a repo on your credit report. Normally you get a double-hit on your credit report when you surrender property in bankruptcy: you get hit with the bankruptcy (which knocks your credit score down by 75 to 150 points) and you get hit with a repo/foreclosure for the surrendered property. Just because a debt is discharged in bankruptcy doesn't mean that it won't be listed on your credit report, it simply means the debt is no longer collectable. The credit report will continue to show the debt on your credit report and should list it as "discharged in bankruptcy." Similarly, if a person surrenders a home in bankruptcy, the foreclosure still goes on their credit, and if a person surrenders a car in their bankruptcy, it still shows up as a repo on the credit report. So, my guess is that a repossessed car, even one for which the debt was wiped out in bankruptcy and one that was not repossessed for some time after bankruptcy since voluntary payments were made for awhile, will still show on the credit report as a repo when it is ultimately repossessed. I can't say this is a definitive answer, but this is how I think the process works. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.


Where can I get debt consolidation?

You can get credit score advice and debt consolidation information from your banker. They can order a credit bureau score for you and tell you what your score is, how to clean up your credit and perhaps lend you funds to consolidate and pay down the debt faster.


How can you fix your credit report?

You can write to credit reference agencies if there is anything wrong in your credit report, they are required by law to correct it. If you have a poor credit rating on your report, the best way to deal with this, is to pay what you owe on time and fully pay it off so the debt becomes registered as satisfied. You also want to keep credit down to the minimum all these factors will result (including a good repayment history), in your credit score improving. Be wary of companies that offer credit repair services, they can actually make your credit rating worse that what it was before you ever contacted them!


How does credit card debt effect credit scores?

Having a large amount of credit card debt can take a toll on one's credit score. Ignoring your debt and not paying it off will certainly bring down your credit score making it very difficult to get other loans or even buy certain items.


What is a simple method to get out of credit card debt?

There are several methods for getting out of credit card debt. There are many companies that can contact your creditors and help consolidate your payments, even convincing your creditors to forgive some of the debt! This is a great method, but will ruin your credit score. Another method of getting out of credit card debt is to slowly and responsibly work toward paying down the debt and building your savings. Dave Ramsey of The Tightwad Gazette has great guidelines for paying down debt and building savings.


What do I have to do to get a free annual credit report?

If you have been turned down for credit recently you are entitled by law to get a free credit report from the credit reporting agency that supplied the information. Call or write the agency to make your request.


Where can I got to get rid of my credit card debt?

It is always easy to think just because you pay off your debt your credit score goes up, but that is not true at all. Many credit companies don't tell people that are suffering with credit debt or any debt that it not because your in debt that brings your credit down there are MANY hidden fees that are not been removed so, there's where I come in and tell you the truth don't pay the debt. It's not going to help you out. Get in contact with an expert. If you need more information contact me at 786-792-2002


If you get denied for a loan will that show up on your credit report?

Yes and too many bring down your credit score.


How do you write a letter disputing a judgment on your credit report?

When you obtain a copy of your credit report, look on the back of it where instructions tell you how to submit a dispute. When you mail it back to them, they will investigate it and send you a written response. If you don't know how to get a copy of your credit report, apply for credit somewhere and when they turn you down you can mail that letter to the credit reporting agencies and they will send you a free copy of your report by mail.


How can I consolidate credit card debt without hurting my credit score?

It is always easy to think just because you pay off your debt your credit score goes up, but that is not true at all. Many credit companies don't tell people that are suffering with credit debt or any debt that it not because your in debt that brings your credit down there are MANY hidden fees that are not been removed so, there's where I come in and tell you the truth don't pay the debt. It's not going to help you out. Get in contact with an expert. If you need more information contact me at 786-792-2002


How do you find out how many credit cards are in your name I was told I have some and don't remember signing for?

You should pull your credit report. You could pull your credit report free on www.perfectcreditcompany.com by going down to the bottom of the "Home" page and clicking here for a free credit report. And don't worry the credit report your pulling won't put an inquirie on your credit since it is a consumer inquirie and are allowed one annually as per "The Fair Credit Reporting Act".


Can you get a free copy of your credit report?

Yes you can. Consumer law states you can get one once a year from all three agencies and if you are turned down for a loan or credit. To get a credit report contact the reporting agency. I think you can order them on Credit Karma too.


Is credit card debt down?

No. Because of the bad economy, high prices, poor prospects for the future, downward slide of the stock market, and a rising national debt; the overall credit card debt is up and rising. As long as the economy is poor and does not look good for the future, credit card debt will increase. People are using their credit cards to buy essential goods and services they can not afford to be without.


What if you leave for India from US with a credit card debt and then return after 5 years?

You will have to pay the debt + interest on your return to the US assuming the debt collectors have not chased you down in India already.


Does a company have to tell YOU why they turned YOU down for credit?

Yes, they are bound by law to disclose why they turned you down. Most of the time they will tell you that is was based on information from your credit report. They will also tell you which credit reporting agency they used. You are entitled to a free copy of your credit report for 30 days. If you find errors on your report, dispute them with the creditor and the credit reporting agency. For free sample letters and templates you can use for this purpose, check out http://www.creditscoresystems.com


Still have questions?

Trending Questions
Do potatoes have genders? Asked By Wiki User
Why is Vanna White so skinny? Asked By Wiki User
How many 20 go into 200? Asked By Wiki User
What times what equals 6? Asked By Wiki User
Unanswered Questions
Does arsenio hall have ms? Asked By Wiki User