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How many points could one expect to gain after a charge-off falls off the report?
Wiki User
∙ 8y ago
If the charge off is "falling off" due to the expiration of its reporting period (7 years), then there probably would not be much of an increase in the score. Older information has less of an impact than recently occurring or recently reported derogatory data.
Keep in mind that credit scores are calculated based on ALL of the information showing in your credit report, not just one item. For this reason, it is virtually impossible to guess the impact of one item on the whole.
Wiki User
∙ 8y ago
Add your answer:
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If a chargeoff is removed from your credit report after 7 years do you still legally owe the money?
Perhaps. It would depend on the type of debt and the laws of the state in which the debt was incurred. It could very well be that the SOL has expired and the debt is no longer valid.
If you have one thirty day late on your credit report how many points could it reduce your credit score by?
40
How many points do collection accounts hurt your beacon score?
It depends largely on your credit as a whole. Once your report is bad, it doesn't get a whole lot worse. But if your report was in pretty good shape, and depending on the specifics and age of the collection, it could be from 50-100 points.
What was the Korean War rotation point system?
A total of thirty-six points was required for a soldier to earn rotation back to CONUS (Continental United States); four points were given for each month in a combat zone, three points for being located between regimental headquarters and emplaced batteries, and two points for rear echelon duty. Although this seemed to be a fair system in that everyone knew when he could expect to return home-e.g. an infantryman could expect to go home if he survived a year at the front-it had its flaws.
How long does it take local police to report your points to your insurance company?
In most cases it is not local police that report points on a license to the insurance company. The points assessed on a driver's license are reported to the state by the courts after the court decides punishment. The state then reports points to an insurance company. This could take 2 to 3 weeks, unless the license is immediately revoked, then the state is informed within 1 to 3 days.
As a Tennessee resident are you entitled to a free annual credit report?
As a Tennessee resident you are entitled to a free annual credit report one time per year. Any further requests for a report could cost you up to $9 a copy and take points off your credit score.
What happens to a chargeoff account when it is finally paid?
It gets updated to a paid charge off and continues to show on your credit report for 7 years + 180 days from the last time you paid as agreed immediately preceding the charge off. The month/year the account gets updated to is what primarily affects your credit score. Under certain circumstances, it could cause a decrease in your score.
How could you correct this sentence Him and me have a report to do?
Him and I have a report to do.
What could you write an report on?
what subject is the report for?
Sample of marketing section of annual report?
The marketing section could tell past and future ways to sell a product. It would contain a lot of research to prove the points.
What magazine might have information you could use for your report?
what magazinemight have information you could use for report
Differences between formal informal reports?
The difference between short and long reports depends in the subject matter, the purpose, the format and writing style, and the readers' needs (expectations of the audiences for formal reports). In a formal report, the audience expects a methodical presentation of the subject that includes summaries of important points as well as appendices on tangential and secondary points. Note that the readers for a formal report are often two or more distinct audiences. These distinct audiences for example could include professionals specializing in the report's subject matter, professionals not specializing in the report's subject matter, and managers overseeing the report's subject matter. The difference between short and long reports depends in the subject matter, the purpose, the format and writing style, and the readers' needs (expectations of the audiences for formal reports). In a formal report, the audience expects a methodical presentation of the subject that includes summaries of important points as well as appendices on tangential and secondary points. Note that the readers for a formal report are often two or more distinct audiences. These distinct audiences for example could include professionals specializing in the report's subject matter, professionals not specializing in the report's subject matter, and managers overseeing the report's subject matter.
