Challenge your employer on this question. Much to my surprise my corporate American Express card was on my credit report. Fortunately it showed 40 months of on time payments. The plastic card has my name, but the over all account is in my bosses name and the bill goes to accounting. I never see it. Nobody here, including the owner and the head of accounting realized this was how it worked until I showed them my credit report. So your company may not know either.
When you hire a consolidation company to help you with your debt, you are basically telling the other creditors that you can not pay the minimum due and that you have to lower the interest rate. You will have a low credit rating on your report and if you want to apply for new credit, you can't.
Thier actions, or lack, do not effect your ability to file for bankruptcy.
Lost/stolen card notations should not have any effect on a consumers' credit score, provided that the accounts are properly notated.
A misconception is that if a person views his or her credit score, it may go down. That is not true. The reality is, the score can be affected if other company make excessive requests for a person's credit information.
Many lenders look at credit counseling as a bankruptcy. If you have debt that is managed and paid by a CCC and the agreed upon repayment schedule is being met then it should not effect your credit score. However, if you plan to buy a house, most mortgage lenders will turn down borrowers in credit counseling.
No. It will show on a credit report as an account closed due to inactivity. It has no effect on your credit score.
When you hire a consolidation company to help you with your debt, you are basically telling the other creditors that you can not pay the minimum due and that you have to lower the interest rate. You will have a low credit rating on your report and if you want to apply for new credit, you can't.
Thier actions, or lack, do not effect your ability to file for bankruptcy.
Lost/stolen card notations should not have any effect on a consumers' credit score, provided that the accounts are properly notated.
A misconception is that if a person views his or her credit score, it may go down. That is not true. The reality is, the score can be affected if other company make excessive requests for a person's credit information.
yes, if the company reports to the credit bureaus. You may want to contact your cell phone customer service and ask whether they report your credit with them.
Many lenders look at credit counseling as a bankruptcy. If you have debt that is managed and paid by a CCC and the agreed upon repayment schedule is being met then it should not effect your credit score. However, if you plan to buy a house, most mortgage lenders will turn down borrowers in credit counseling.
It all depends on the employer, usually after seven years a bankruptcy is clear from your record, even though someone has a bankruptcy in their record they can try to get credit to begin to improve their credit.
No. The next time a creditor or employer sends in data to the 3 credit agencies or requests data from them your new name will appear as a "variance" or aka along with all names you have been known by in the past (if they were reported). This won't affect your score but may cause a mortgage or auto loan company to request a statement of your identity to clarify.
Only when the bills are turned over to collections. An ISP probably will pull your credit report, just as a cell phone company would, but an Internet account is not a credit account.
Yes. The new laws will affect any credit card company. They do not totally go into effect until Feb. 22, 2010. You can read all about it at the article in the related link as it contains details of both the good and the bad parts of the laws and how they may backfire for responsible users of credit.
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