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2005-05-19 01:13:22
2005-05-19 01:13:22

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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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.

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.

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.

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.

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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.

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.

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

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.

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.

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.

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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.

The geography in which a person lives will determine the food that is available to them. It will also determine what jobs are available you.

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.

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.

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.

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.

It will lower your credit rating as finance companies will view you as person slow to pay.

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.

To apply for credit cards, one must fill in an application form either in person or online. The organisation will ask questions based on income, outgoings and will determine the credit score of the applicant from which it will offer or decline the application. Credit scoring can affect the interest rates and amount of credit offered, and too many applications together will also affect one's credit score.

A lot of creditors will not accept a co-sign from someone with no credit. They want proof that if the person who takes out the loan defaults, the co-signer will have the credit funds available to pay off the loan.

The person with bad credit pays back the loan that the good credit helped him with in good payment statis. Have payment met on time or a little early will help the person with bad credit. The person with good credit is very generous with his credit. If the bad credit person does not pay on time or falters the loan. the Good credit person will have a problem . Not the bad credit person. Helping someone get back on their feet is a good thing. Make sure that your Good credit is not in jepordy.

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