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โˆ™ 2015-07-15 19:49:20
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Q: If you buy a car but never pay a payment and the bank takes the car does it show on your credit report?
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What if you had a foreclosure and it is not on your credit report?

It sometimes takes a month or two to be added as a negative on your credit report.

How long will credit injuries remain on your credit report?

it takes 1 sec

Bad credit history takes how long to be cleared from the system?

Bad credit history is reported for seven years. Each time you make a payment on the account, the time that a creditor can report the account starts over.

Once a chapter 7 falls off your credit report how much will your credit score go up or will this have an affect on your credit score?

I had a 670 score the month before it dropped off, and when it dropped off it went up about 50 points. In that period (ten years) I never had one late payment, so you can recover from a Chapter 7. It just takes time.

How long does it take to hit your credit report after purchasing a vehicle?

It takes at least six months to hit your credit report after purchasing a vehicle.

What is a Merchant Credit Card Processor?

A "Merchant Credit Card Processor" is a electronically device that takes the information from your customers credit card for payment. This will automatically put the payment in your account after charging the customers credit/visa/master card.

How can you restore your bad credit?

Restoring bad credit takes time. You can start by requesting your credit report and dispute negative mistakes that you may find. Only the passage of time can improve your credit when you have legitimate negative remarks in your credit report.

How do websites accept credit card payments?

Websites accept credit card payments through companies that offer payment and transactions processing services. The company processes payment, takes a fee and forwards payment to the company.

I've heard about getting a triple credit report, what three companies provide those?

The three are TransUnion Score, Experian Plus Score, and the VantageScore, but it is recommended you don't do this. These are not the real deal. The report you want to get is FICO, and was developed by the Fair Isaac Corporation, and takes into consideration your entire credit history, current debt, payment history, account makeup, and all credit related activity.

How can you change your bad credit score to a good credit score?

Take the time to handle your credit responsibly and wisely, and keep an eye on your credit report to avoid errors and incorrect data creeping in there. Doing so only takes a bit of effort and can pay off in spades for you and your financial future. Make sure to keep credit accounts under 30 percent of what the available credit is. Whenever possible, pay balances in full, not the minimum payment. Make sure any old debts lingering on a credit report are paid.

How long does a bad credit score stay on records?

it currently takes 7 years for something to come off of your credit report

What is the definition of a bank credit?

A bank credit is when someone takes out a loan from a bank where they are not required to pay the debt back immediatly and a payment schedule will be made.

How to report someone who takes out a crediT CARD WITH A dead mother or fathers name and uses it?

Call your Disctict Attorney Office and report the fraud.

How long takes to affect your credit the late payments on your house?

The lender is likely to report this to the credit reference agencies within a week of the default

How do you clean your credit report by taking old bad credit?

To get "clean" you must always, without fail, make every payment on time, every time. One late payment after 20 years of paying on time will mess up your credit history for the next 7 to 10 years, and it takes at least 7 years to get that bad mark off of your credit rating. This is why it is so very important to do whatever it takes to make your credit payments on time, every time ... if you have to go out and get a 2nd or 3rd job to help with expenses,then so be it. Your credit rating follows you throughout your entire life ... protect it like gold.

How long will a voluntary dismissal without prejudice stay on my credit report for if the debt was paid Will it be marked as a judgment on my report?

It takes seven to ten years.

How long does it take to payment to process when you pay electricity bill online?

Depends on your electric company and their policy. My electric company takes 3-5 business days to credit my account with my payment online. It really is up to the company how they credit you.

If you pay down your installment loan will your score improve?

Yes it will.....but only if the lending institution reports to the credit bureau, not all of them report and sometimes they only report when it's negative, or a late payment. Ask your lending institution what their policy is on reporting. But generally, when the owner of your installment loan reports to the credit bureau on a monthly basis and your installment loan takes at least six months to pay down, it will improve your credit. Rule of thumb though, negative marks on your credit report take more points away than positive marks add to, it sucks, but it's true.

I just purchased a 3in1 credit monitoring report and the credit scores that I got from them are different lower than ones purchased from the credit agencies in the same month Why?

The only reason may be timing. It is possible that between purchasing the 3in1 service and receiving the scores from the bureaus that updates or changes were made to your credit report. Sometime it takes a few months for changes to get to a credit bureau and be incorporated into one's credit report.

Why do dispute take so long on credit Report?

The dispute takes so long because the credit reporting agency has to investigate any and all disputes.

How do you get a debt off the credit report After paying it off?

The debt usually remains until it is updated by the institution where you have paid it off. Also, you may look into your credit report and go from there if it is listed on it - they should be able to help you remove it also. The debt, even when paid off, could remain as part of your visible credit history for up to seven years. This is why it so very important to pay all your creditors on time and every time. Just missing one payment can wreak havoc within ones credit history even if someone had never missed a payment for 20 years ... only takes one time ... seems the creditors only look at all the bad points instead of solid performance in one paying on time.

How often do creditors report updated balances to your credit bureau?

if the balance changes most report every month some however only report every 3 months if there is no activity like 0 balance on credit cards they may not report till activity takes place maybe 6months to a year

How do you contact the 3 major credit report agencies? You can get 1 free copy of your credit report from all 3 of the credit agencies once every year at this website: The URL above takes you to the page that has links to each of the credit report agencies websites if you need to contact them individually.

What happens to your credit once vehicle is repossessed?

Depending on the circumstances, your credit worthiness could be reduced drastically to the point where you may be denied any kind of loan at any percentage rate. Your credit rating will remain affected by this repossession anywhere for the next 7 to 15 years. It only takes one single missed payment to totally screw up one's credit rating, even if you have faithfully paid everything on time for the last 45 years and never missed a payment ... that one late or missed payment messed that entire long history.

Do you have a right to know what is in your credit report?

The law says you do. The FCRA says you are allowed to have 1 free credit report from each credit bureau every year. If you want more than that, you can purchase them or dispute something on your credit report and you will be furnished with a new one. Yes. Anyone who takes action against you in response to a credit report supplied by a Consumer Reporting Agency (CRA) � such as denying your application for a credit card, loan, insurance, or employment � must give you the name, address, and telephone number of the CRA that provided the credit report. The CRA must tell you everything in your credit report, including medical information, and in most cases, the sources of the information. The CRA also must give you a list of everyone who has requested your report within the past year � two years for employment-related requests.

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