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If you find a bounced check from 1999 on your credit report would paying it make it show up on your credit report for another 7 years?

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Wiki User
2005-09-26 14:21:34
2005-09-26 14:21:34

No. Paying a derogatory item from 1999 cannot extend the reporting period, which is established by the Fair Credit Reporting Act as 7 years from the month and year you last paid the account in a timely manner.

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a credit report indicates your history of generating and paying debts on time.

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Paying your insurance premiums do no report to any credit reporting bureaus.

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The purpose of a free credit report is that the individual can get a report of their credit records. This way they can know what there standing is in terms of credit, and see if they have good credit or bad credit without paying any fees or services.

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Yes they can and they probably will. if you are concerned about your credit profile, it would not be a good idea to stop paying.

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If it isn't on your credit report, the credit card company still has hopes of you paying it off. When they see that isn't going to happen, you can bet your butt that it WILL be on your credit report.

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Yes, you can. Many places will give you a credit card without paying that much attention to your credit report. But be warned, if you're getting yourself deeper into debt, your assets and possessions might be at risk.

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Ways to repair a credit report score include obtaining credit cards, obtaining installment loans, paying off your credit cards, disputing old negatives against your credit report and using your credit cards lightly.

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Yes it does. It shows that eventually you do pay.

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if you owe bank and is in the processes of paying them back but they have not yet sent a notice to the collector debt. Does it show up on your credit report

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about 30 days, but don't close the card just yet that will have a negative impact on your credit score.

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credibility is the trustworthiness given to you by the lenders which is your credit card holder. paying on time and paying in full will make your credibility higher and chances are they will make you get a loan easily because of your credit history. they will check your credit report, so make sure to keep track on your credit report score.

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yes, if you are done paying with itAdditional answerBut if you're late making a payment to settle a debt (credit card, for example) this will be recorded as a default.

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The purpose of a credit report check is to check how a person manages their credit obligations and if they have any history of not paying. If one has bad history then it is more of a risk for a company to give that person credit.

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Credit reporting agencies report your credit activities, such as paying bills on time, taking out a loan, etc. They keep track of this and make it available to anyone who requests it.

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When you apply for a credit card a credit report will be ran and those credit cards you haven't been paying will be on that report. So I say no.

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Your credit report, credit rating and credit scores do not reflect any difference in paying the full amount on a credit card account or paying the minimum amount. What is tracked and recorded on your credit report is whether or not you pay the account ON TIME. It is a completely different factor to your "bottom line" in the amount of interest you pay. so consider all the facts before you decide how much to send in.

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You bet your credit report they do. That is their right ... Banks and Credit Unions will also do this periodically if they so feel inclined. If one is paying all their bills on time and have no delinquent accounts or have their credit cards maxed out, then they should have nothing to fear from a credit report query.

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Besides paying your debts off or filing bankruptcy if you are unable to pay off these debts there is nothing you can really do to clear them from your credit report. Most debts stay on your credit report for seven years.

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Yes you can, it will be based on your credit scores and how you are currently paying you debts now.

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Absolutely. It won't be hurt as badly as not paying, but your credit report usually shows a status that reads "pays as agreed." If you're paying less than the minimum amount due each month, you're not paying as agreed and your credit can get dinged.

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It won't fix it, but paying off any remaining debt from the vehicle should help your credit rating. Unfortunately, a repossession will linger on your credit report for about 7 years.

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Yes, they will note on your report that this debt was "settled" This does not affect credit score but will catch the eye of any lenders looking at your report.

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If the bills were overdue and you are making payments as the result of being 'dunned,' and the bills are not yet paid in full, it will reflect on your credit report.

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No! You need to be careful if considering paying the collection agency. At that point it will start the 7 years entry. Bad credit remains on a credit report 7 years from the last date of activity, in other words, the date you make a payment. Make sure you negotiate a deletion prior to paying any collection account. Source: Credit Bible by Phil Turner.


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