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Your credit score can be decreased by having collection accounts listed, a judgment, late payments or if you have too much available credit. If you have that much credit, you would want to contact the credit issuer to lower your credit limit. Your debt should never be more than 35% of the available credit. Timely, consistent payments to your creditors and low credit limits will help increase your credit score.

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โˆ™ 2005-05-19 01:13:22
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Credit and Debit Cards

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The law is derived from three main sources what are they

If there is an erroneous payment then

These funds last 5 years have limited use and cannot pay for new obligations

How do you know which transactions are awaiting your approval

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Credit and Debit Cards

21 cards

The law is derived from three main sources what are they

If there is an erroneous payment then

These funds last 5 years have limited use and cannot pay for new obligations

How do you know which transactions are awaiting your approval

See all cards

Math and Arithmetic

20 cards

Please Evaluate this algebra expression -4 -3

Joe borrowed 8000 dollars on a one year note at 13 percent how much will joe owe when the note comes due

How much time will a 500 investment need to earn 100 in interest at a rate of 10 percent per year

1000 dollars in a savings account pays 7 percent interest per year The interest earned after the first year is added to the account How much interest is earned on the new principal the following year

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Q: How would a collection of 230 affect a person with 50000 in available credit and 730 score?
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Related questions

How many free credit checks are available every year?

According to FTC regulations each person is available to get one credit check each new year. These may be obtained from all three credit collection companies and should also include your score.

Can marriage affect your credit score?

yes, cause if one person decides to go bankrupt because you guys are having money problems it can affect your credit score to, not just their credit score.

Can a person co sign more than one loan?

Yes if you have available credit, but it also takes away from your available credit and you are responsible for the loan. I would advise against it.

If you authorize someone else to use your credit card and that person does not have good credit does that affect your credit score?

No they don't care, so long as the expenses on your credit card are paid.

Can a collection agency report someone to the credit bureaus without having the person's Social Security Number?

Yes, they can.

If someone is renting a house that is NOT in their name and the owner of the house has a lien filed against them how does that affect the renter and their credit?

It would not affect your credit at all because you are merely the tenant and are renting the property. Since you do not own it, and the owner is the person that has the lien filed against them, it will not affect you or your credit.

Who is responsible for credit card debt?

Generally, the person that signed up for the credit card is responsible. If any users were added to the account, they are also responsible. This include joint accounts. You cannot inherit credit card debt. So, do not believe a collection agency when they tell you that. See the FDCPA for your rights in debt collection.

If someone files for bankruptcy and another person is linked to one of their credit cards will it affect that other persons credit?

Not really, if Person B is just a person who received an additional card with access to that account. Person A is the person's whose credit is on the line for the account. Person B is in no way liable for the account because Person B is not part of the credit card agreement. The bankruptcy will not affect person B. Now the reason I say "not really" is because that account will be closed and Person B will no longer receive the benefit of having this account on their credit report as an authorized user. There may be a slight decrease but only from the general closure of an account.

Where can a person obtain Christmas banners?

You can get Christmas banners from BannerBuzz. They also have other banners available, and free shipping. They have a huge collection of banners available.

If you leave the US with credit card debt will you have a problem establishing credit in a European country?

Possibly. Although creditors cannot force the collection of debts (lawsuits) outside of the US it is not necessarily true that a person's credit history cannot affect them outside of the US. Most large US banks now have branches all over the world, therefore if you applied with a lending institution of that type your US credit history could be accessed.

Can business credit card debt affect my personal credit card balance?

A business credit card debt can affect someone's personal credit card rating. A credit report for an individual is processed by activity of one's overall credit. This means that having debt for a business credit card can hurt a person's chances of receiving lower interest for a home finance loan.

How can you get the name of the person who used your credit card for a flight?

That information is unlikely to be available, without contacting your credit card company to report fraudulent use.

How you find the available credit limit for a cardholder?

ONLY the card-holder can legitimately access that information. A person's credit limit is nobody-else's business !

Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?

The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.

How does a bad credit loan affect a person?

Having a bad credit loan negatively affects a person in many ways. Having bad credit enables a person from being able to obtain other loans including those having to do with home financing, vehicle financing, etc.

How would a car repossession affect your ability to rent a home or an apartment?

A landlord that has a choice of renting to a person who has a repo and a person who doesnt will likely choose the NON repoed person. Why?? They manage to PAY their bills SOMEHOW. YES, it LOWERS your credit score making it harder to get credit. Rent is a form of credit.

Will co-signing a student loan harm your personal credit?

It will if the primary borrower does not keep the terms of the agreement. It will also affect the person's credit score such as the income-to-debt-to- credit ratio.

What information does a collection agency need to ruin your credit?

A collection agency does not "ruin" someone's credit. The person who defaults on their financial obligations is the one who is responsible for that. W/o certain information it is difficult for a debt to be collected or reported to CRA's. Agencies employ skip tracers who are very good at tracking down elusive debtors, so eventually they will track down the person.

Will court judgment affect credit rating?

It will appear in the public records portion of the CR and it most definitely will have a negative impact on a person's credit score.

Is it legal to pay with a credit card to a collection agency?

No. A person is in collections precisely because there's a bad credit history. Collection companies would be foolish to accept a credit payment from such a person. They accept checks. * The method preferred by a collector is automatic withdrawal from a debtor's checking account. However, it would not be a good choice on the part of the debtor to give such permission. To answer the question, no it is not illegal in terms of there being an established law forbidding such a transaction.

If you filed for bankruptcy four years ago while previously married and you remarry how will it affect your new spouse's credit?

It will have no affect on her credit. Only the person(s) who are a party to a bankruptcy have it noted on any crediting reportage.

Does a collection agency have the right to do an inquiry on your credit history without your permission?

No. Credit history can only be obtained if the person has given their permission. Any company accessing your credit must have a permissable purpose as defined by the Fair Credit Reporting Act. One such purpose is an inquiry relevant to an existing account. Collection agencies frequently perform inquiries based on their contractual relationship with their client (who had a contractual relationship with you), therefore allowing them access to your credit file.

Where can a person find collections of videos by the band Scorpions?

A collection of videos by the band Scorpions was unofficially released in Russia and is available at Discogs. This collection features several Russian language performances.

Does Discover have a credit card app?

Discover does have a credit card app. This app can be downloaded from the Apple App Store or the Android Market. With this app, a person can view their statement, their account summary, or their available credit.

How many free credit reports are you entitled to in a year?

Each person is eligible for three free credit reports a year. These reports are available from the following credit reports bureaus: Equifax, Experian, and TransUnion.