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If you have huge unpaid credit card balances and own a house with someone else but they do not know about the debt will this affect them in any way?
Eyesonyourbutt
If the debt collection agency chooses to sue and place a lien on the home then yes it would effect the house if it is ever sold or refinanced.
Wiki User
∙ 17y ago
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How many points are taken off your credit for an unpaid account?
You can expect at least 10-15 point off of your credit score with an unpaid account. Remember the older the account the less it will affect you.
What ruins credit?
Not paying your bills on time. Having high balances that are close or over your line of credit. Having any derogatory (negative) information ie.) car repossession, bankruptcy, written off accounts, unpaid collections, etc.
How long do unpaid traffic tickets stay on a credit report?
Unpaid traffic tickets are not reported to the credit bureaus.
Can unpaid tuition hurt your credit?
no
How can an unpaid long distance bill of about 800 dollars affect your credit report and future credit?
It can have a significant impact on your credit. Every day, I see collection accounts from phone companies on people's credit reports. Any derogatory information, whether it is a late payment, an updated collection account (paid or unpaid) or legal items, that have occured in the last 12 months can affect your credit score up to 35%. Factor that as a 150 to 350 point deduction from the total of 850 to 900. Credit scores affect not only whether or not credit is extended, and how much a consumer is required to pay in interest rates and fees; they also affect utilities, insurance and even employment opportunities. It will lower your credit score until it is paid. It is best to pay this debt off in full or to make payment arrangements and abide by it each month. Even if you are only paying $25.00 a month, it is much better then having it unpaid on your credit reports.
Can an unpaid balance on auto insurance effect your credit?
Unpaid balances owed to insurance companies will be sent to collection agencies and will count against your credit.
Can an unpaid medical bill affect your credit?
yes
What is the definition for an accountant?
In finance, an open account is a banking account that has an unpaid amount of money associated with it. The most common unpaid balances on accounts are mortgages and credit card debt.
What is the definition for an open account?
In finance, an open account is a banking account that has an unpaid amount of money associated with it. The most common unpaid balances on accounts are mortgages and credit card debt.
If a medical bill is unpaid will it affect your personal credit?
An unpaid medical bill is like any other debt. It can be reported to a credit agency like any other debt.
How many points are taken off your credit for an unpaid account?
You can expect at least 10-15 point off of your credit score with an unpaid account. Remember the older the account the less it will affect you.
Can unpaid emergency medical bills significantly affect your credit rating?
Any unpaid debt regardless of the nature of the debt will significantly affect your credit ratings. Medical bills can be purchased by a third party called a collection agency which could cause more derogatory postings to your credit file.
Report an unpaid bill to credit bureau?
How do I report an unpaid bill to a credit bureau?
Unpaid credit card bill in the Philippines can affect your police record or nbi records?
As of now, failure to pay a credit card bill in the Philippines does not directly affect your police record or NBI records. However, it can lead to legal actions by the credit card company, such as filing a case in court or involving a collection agency. Non-payment can also negatively impact your credit score and future creditworthiness.
How is interest on consumer credit transactions computed?
finance charges are imposed on unpaid balances each month. To determine the monthly finance charge rate, the annual rate is divided by 12
What ruins credit?
Not paying your bills on time. Having high balances that are close or over your line of credit. Having any derogatory (negative) information ie.) car repossession, bankruptcy, written off accounts, unpaid collections, etc.
How long do unpaid traffic tickets stay on a credit report?
Unpaid traffic tickets are not reported to the credit bureaus.
