Yes, debt does not disappear after a certain time-limit.
use it but keep low balance, under 800-1000 at all times
If you feel it absolutely necessary to "throw your card(s) away" after paying them off, I suggest to just cut the card, and toss. However, DO NOT, DO NOT close your credit card account! Why, you may ask . . . one of the things that effects your FICO score is your credit history with the credit card company. Another factor is the debt ratio. For instance, if you have a $2000 credit limit, and you have no balance on your card, that will positively affect your FICO score. But, on the same token, if you have a $2000 credit limit, with a $1500 balance on the card, that will reduce your FICO score.
To determine the cost of Henry's next purchase that caused him to exceed his credit limit of $2000, we subtract his current balance of $612 from the limit. This means he could spend up to $2000 - $612 = $1388 without exceeding his limit. Therefore, any purchase over $1388 would lead him to exceed his credit limit.
Off-Balance was created in 2000.
32000-2000/5=31600
Perfect Balance was created in 2000.
Off-Balance was created in 2000.
while it may be available for longer...as it remains a matter of public record, the standard credit report format shows these for 10 years from dismissal.
Ten years from the date of filing, unless the law changes between now and then.
Balance Point was created on 2000-11-01.
No. If you have an old deliquency on your credit history and you now decide to pay it, all you're doing is refreshing an old debt on your credit history. Ex. If you owe a credit card 400 bucks from let's say, 2000, and you pay it now, creditors will see that it took over six years for you to pay it and it will remain in negative status on your history. Remember that after seven years your credit gets a clean start again, so might as well let it run for 7 years. Leslie
Derogatory information on a credit report normally stays with the record appx. 7 years..The longer you wait to pay, the longer it sticks with you.Remember..7 years is from the last activity.