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If I don't use my credit card for a long time and the credit card complany decides to close my account will that look bad on my credit report?
Wiki User
∙ 15y ago
It will remove the available amount of credit from your total sum of available credit. Chances are if it was only a very small amount(like a $1,000.00 or less) it won't make a difference. However if it was a larger amount that will reduce your available credit ratio/vs debt, that could drop your score. Check out EQUIFAX.com for an educated info on most or all credit score etc questions.
Wiki User
∙ 15y ago
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What is commonly used to determine if you should give customers an AR Account?
credit report
Does an account put with a collection agency always show up on your credit report?
This depends only if the creditor originally reported your account to your credit report.
What should you do to get paid collections off your credit report?
If the account is legitimately yours, then you cannot legally have it removed from your credit report. However, if you paid the collection account off, it should be reported as paid on your credit report. Still, the accounts will not be removed from your credit report for 7 years.
If an account was charged off and removed from your credit report after 7 years can another company buy the account and place it back on your credit report?
No, it is illegal, and if you are a victim of this, you can have it removed from your credit report by disputing it with the bureaus. After the statute of limitations is up on any trade line, it can not be placed back on your credit report.
If an account is written off on your credit report can you dispute it?
no
What is commonly used to determine if you should give customers an AR Account?
credit report
Does an account put with a collection agency always show up on your credit report?
This depends only if the creditor originally reported your account to your credit report.
What does settled mean on your credit report?
A credit report will show that an account is either active or settled. If the account is settled, it means that it has been paid and is closed.
What should you do to get paid collections off your credit report?
If the account is legitimately yours, then you cannot legally have it removed from your credit report. However, if you paid the collection account off, it should be reported as paid on your credit report. Still, the accounts will not be removed from your credit report for 7 years.
Is a line of credit considered a revolving account?
Yes, if the account type is considered a line of credit it will be calculated into your revolving account balance on your credit report.
If an account was charged off and removed from your credit report after 7 years can another company buy the account and place it back on your credit report?
No, it is illegal, and if you are a victim of this, you can have it removed from your credit report by disputing it with the bureaus. After the statute of limitations is up on any trade line, it can not be placed back on your credit report.
How does a company get your bank account information?
Credit report?
If an account is written off on your credit report can you dispute it?
no
How do you find out what financial institution issued a credit card when the account number is not on your credit report?
Call the Credit report agency that pulled your credit from the Bureau's and ask them to look at the back of the credit report where it says inquiries.
Why is the same creditor on my credit report twice?
Is it for the same account or do you have another account with them?
What is an open account listed on a credit report?
Open Account - account listed as "open" on your credit report are accounts that are open, includes all accounts that have been reported within the last 90 days.
Is a financial association created on your credit report when two people apply for any type of joint financial account?
Yes, anytime you open a new credit account, even if it is a joint account, it is reported on your credit report either when it is opened or when it is unpaid.
