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If i missed 3 months payments on a credit card bill of 7 pounds and got given bad credit will that be removed now i have paid the debt?
Wiki User
∙ 14y ago
No, it will remain on your credit for 6 or possibly 7 years. Even if account is closed and paid. What you can do is write the company and ASK in a very very nice way, if they will remove it. I actually had a Sears 60 day late payment removed once I paid the account off and it was closed, just asked.
Wiki User
∙ 14y ago
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How long is your Credit score impacted after missing a personal loan payment?
Most negative tradelines due to missed payments will have an impact for about 24 months. If the missed payments are not caught up (e.g., 60 days late, 90 days late, etc.) the impact may last as long as 36 months.
How many missed mortgage payments before you get repossessed?
Its usually 3 months when the bank starts the paperwork and harrassing you to make payments
What is a responsible use of credit?
Buying something on credit and making many payments on the account over months gradually paying down the debt. If you are seeking to build credit, then don't pay it all off too quickly as that doesn't establish a history of making payments. It takes at least 6 months of payments to even affect your credit report. Also, don't only pay minumim payments. You want to establish that you can be trusted and will not strecth yourself too thin.
How do you esablish credit?
Start off first by getting a Sears, Target, Circuit City or similar in-store credit card. After making purchases and payments on that for six months, you should become eligible for small limit credit cards. Keep making purchases and payments on all credit and shortly you will have established a ground credit. DO NOT GO OVER LIMITS, MISS PAYMENTS, OR INQUIRE INTO TOO MANY CREDIT ACCOUNTS.
How can someone get a chance to repair their credit score?
Repairing a credit score takes a period of times, sometimes several months or even several years. One must pay all bills on time and make payments when they are required. In addition to this if one has any outstanding overdue payments they must be paid as soon as possible and further payment plans set up to prevent it happening again. All missed or overdue payments may have a negative effect on someone's credit score and the damage may take 3 to 6 years to resolve in some cases.
How long is your Credit score impacted after missing a personal loan payment?
Most negative tradelines due to missed payments will have an impact for about 24 months. If the missed payments are not caught up (e.g., 60 days late, 90 days late, etc.) the impact may last as long as 36 months.
How many missed mortgage payments before you get repossessed?
Its usually 3 months when the bank starts the paperwork and harrassing you to make payments
What is a responsible use of credit?
Buying something on credit and making many payments on the account over months gradually paying down the debt. If you are seeking to build credit, then don't pay it all off too quickly as that doesn't establish a history of making payments. It takes at least 6 months of payments to even affect your credit report. Also, don't only pay minumim payments. You want to establish that you can be trusted and will not strecth yourself too thin.
Can furniture be repossessed if payment has not been made in 6 months but you start back making payments?
Yes, furniture can be repossessed if you start making payments again after 6 months, especially if the missed payments are not caught up. The creditor can refuse the payment if court proceedings are already in progress.
How many payments can be missed before car will be repossed?
Depending on where you have it financed, it usually is between three to four months when they will start the process.
How will renting two apartments at the same time effect your credit?
If you are paying rent on time for both apartments, there will be no impact on your credit report or credit score. Landlords use credit bureaus to check the credit of potential renters, however, they very rarely report abuse until the renter is many months behind. Having two rental units should not impact your credit score unless you have missed a number of rent payments.
How many missed payments can you have in Utah before the bank can reposses your car?
Every financial institution is different. Typically 1 to 3 months.
Can a used car dealer repossess A CAR in Texas if YOU have not missed any payments?
NO! , he defenetely cannot do that. you at least have to be 3 months past due.
How do you get a business credit on corporation?
By working with vendors extending credit and making timely payments. I have used http://aged-corporations.com for developing credit in 6 months on a corporation for $150,000.
How do you esablish credit?
Start off first by getting a Sears, Target, Circuit City or similar in-store credit card. After making purchases and payments on that for six months, you should become eligible for small limit credit cards. Keep making purchases and payments on all credit and shortly you will have established a ground credit. DO NOT GO OVER LIMITS, MISS PAYMENTS, OR INQUIRE INTO TOO MANY CREDIT ACCOUNTS.
How can someone get a chance to repair their credit score?
Repairing a credit score takes a period of times, sometimes several months or even several years. One must pay all bills on time and make payments when they are required. In addition to this if one has any outstanding overdue payments they must be paid as soon as possible and further payment plans set up to prevent it happening again. All missed or overdue payments may have a negative effect on someone's credit score and the damage may take 3 to 6 years to resolve in some cases.
How can you clear bad credit for good?
You can clear bad credit for good buy paying rent or car payments on time. You need to do this consistently for a few months to insure the clearing of bad credit.
