0
If a bank cancels debt from a repossession does that mean it comes off your credit report?
Wiki User
∙ 14y ago
Yes it should, but don't leave it up to the CRA, get a letter from the BANK and send copy to CRA and they should remove the negative entry, if not ask the bank to update to the CRA to delete the trade line
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How much will your score increase when a car repossession with no outstanding balance comes off your credit report?
Credit scores are a calculation based on ALL the information contained in your credit report. Without all the data in your file, it would be impossible to guess the impact.
What does it mean when they say that your credit report is suppressed?
When you suppress your credit report, that means that anybody who pulls your credit report will get no information back. It will not even give the header that comes on the credit reports. So if you are looking to get some type of credit do not suppress your credit report.
How many years before bankruptcy comes off credit report?
7 years
Does a mortgage show up on both borrowers credit report?
If the account is a joint account (bill comes in both of your names), then yes, it will be reported to both of your credit reports.
How much does your credit score increase once a bankruptcy comes off your credit report?
Credit scores are calculated and affected by the consumer's overall credit history. After a bankrkupcy entry is expunged the score will eventually improve but a specific answer as to the exact numbers is not possible.
How much will your score increase when a car repossession with no outstanding balance comes off your credit report?
Credit scores are a calculation based on ALL the information contained in your credit report. Without all the data in your file, it would be impossible to guess the impact.
What does it mean when they say that your credit report is suppressed?
When you suppress your credit report, that means that anybody who pulls your credit report will get no information back. It will not even give the header that comes on the credit reports. So if you are looking to get some type of credit do not suppress your credit report.
What comes in a triple credit report?
A triple credit report shows your credit score from all three credit reporting agencies: Experian, TransUnion, and Equifax.
Were does information containded in a credit report come from?
Information in a credit report comes from banks, mortgage lenders,credit unions, credit card companies, insurance companies, landlords, department stores and employers.
Is my credit score on my credit report?
Your credit score is determined from the data on your credit report. Most credit reporting sites sell or give away for free a credit score with your credit report. Some site only give away a credit score. So, the answer to your question is, yes, your score generally comes with your credit report but it is not always included.
How many years before bankruptcy comes off credit report?
7 years
How long will you get banned in moshimonsters.com if you do not pay the membership?
the money comes out of a debit or credit card for mm membership thats the only way if theres not enoughth money on the card then it just cancels your membership
Know Your Credit Score When Applying for a Mortgage?
Knowing your credit report credit score is the first step in securing a mortgage. When you are looking to buy your home, having a current, up-to-date copy of your credit report is essential in securing the best rates. By reviewing your credit report prior to applying for a mortgage, you will be prepared to clear up any past debts or errors on your credit report that could prevent you from getting a mortgage loan. Your loan officer will request a copy of your credit report credit score, so don't be taken by surprise when it comes time to apply for your loan.
Is there a guide online to help me understand what information is shown on my credit report?
When you send away for your credit report it comes with an explanation for whatever is on there, It will lists all meaning and how to read the report. If there is something you can't understand you can also call the customer service listed, However if you still need help. if you type in your browser , how to read and understand a credit report, many sites will pop up.
Does a mortgage show up on both borrowers credit report?
If the account is a joint account (bill comes in both of your names), then yes, it will be reported to both of your credit reports.
Where does the information contained in a credit report come from?
The information in a credit report comes from financial institutions, lenders, and creditors that report your credit activities to credit bureaus. This includes details about your credit accounts, payment history, outstanding debts, and any public records such as bankruptcies or liens.
How much does your credit score increase once a bankruptcy comes off your credit report?
Credit scores are calculated and affected by the consumer's overall credit history. After a bankrkupcy entry is expunged the score will eventually improve but a specific answer as to the exact numbers is not possible.
