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If you have several small balances on your credit report can you negotiate to pay these and have them removed?
Wiki User
∙ 8y ago
Credit accounts aren't removed until 7-10 yrs. after they are first reported and/or paid in full depending on which type of account it is.
Wiki User
∙ 8y ago
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How long is a repo on your credit?
A repo stays on your credit for at least seven years. However, you may negotiate with the creditor to have it removed earlier.
How fast will your credit score go up after you pay off all your debt?
There is no set timing as your credit score changing can be impacted by several factors. Your credit score can be helped in the long run by paying off existing balances. Doing this can improve your utilization rate, which is the comparison of your overall balances to your available credit limits. The length of time it takes for a credit score to change depends on several factors, such as your payments and actions going forward.
How can a person's credit be improved?
One can improve their credit by paying bills on time, keep your credit card balances low, and only apply for credit when it is absolutely necessary. One can also negotiate with creditors for a resolution that is acceptable for both sides and within ones financial means.
Will paid bills remain on your credit report?
Short Answer: Yes. If you were deliquent, and then paid, it will show that you paid, but were late. And that stays on your credit for seven years. Sometimes you can negotiate with the collection firm to have it removed from your credit in exchange for payment.
What benefits are offered by the balance credit cards?
Balance credit cards are those that allow the holder to transfer balances (debt) from other credit cards to this one. Since these credit cards usually come with a promotion that includes several months of no interest payments, they can be used to consolidate and pay off other credit card balances. The balances must be paid during the promotional period for this to be of benefit. Managing and paying off debt this way, saves money and improves one's credit score. These are the benefits of balance credit cards.
How long is a repo on your credit?
A repo stays on your credit for at least seven years. However, you may negotiate with the creditor to have it removed earlier.
Can a joint holder ever be removed from a credit card?
Yes, After balances has being paid in full.
How do you remove charged off from your report?
Only the original creditor or the credit bureaus can remove a charge off from a credit report. You can negotiate to have them removed with the original creditor if they will let you. You can also dispute it to the credit bureaus and they will have 30 days to verify the listing or it must be removed from your credit report.
How fast will your credit score go up after you pay off all your debt?
There is no set timing as your credit score changing can be impacted by several factors. Your credit score can be helped in the long run by paying off existing balances. Doing this can improve your utilization rate, which is the comparison of your overall balances to your available credit limits. The length of time it takes for a credit score to change depends on several factors, such as your payments and actions going forward.
How can a person's credit be improved?
One can improve their credit by paying bills on time, keep your credit card balances low, and only apply for credit when it is absolutely necessary. One can also negotiate with creditors for a resolution that is acceptable for both sides and within ones financial means.
What balances have debit or credit balances?
Assets, Expenses and Losses have native debit balances. Liabilities, Stockholders' equity, Revenues, and Gains have native credit balances.
Will paid bills remain on your credit report?
Short Answer: Yes. If you were deliquent, and then paid, it will show that you paid, but were late. And that stays on your credit for seven years. Sometimes you can negotiate with the collection firm to have it removed from your credit in exchange for payment.
What balances have debit or credit balance?
Assets, Expenses and Losses have native debit balances. Liabilities, Stockholders' equity, Revenues, and Gains have native credit balances.
Is it better to have an account removed from your credit report completely or to negotiate for 'Paid As Agreed'?
In the case of a collection account, it is always in your best interest to have the tradeline completely removed from your credit report as opposed to having it show paid. If the account is NOT a collection or P&L, then the opposite may be true. Let's say you have a credit card with 6 late payments being reported to your credit history. You negotiate with your creditor to have all the late payments removed from the tradeline, showing that it has been paid as agreed, never late. This would be better then to have the entire tradeline removed, as the now clean payment history will help to raise your FICO score. Having it removed will not have as positive an effect. You will lose all the credit history associated with the tradeline, as well as (if it is a revolving account), available credit. Not having sufficient credit history can be just as detrimental as having bad credit. Hope this helps!
What benefits are offered by the balance credit cards?
Balance credit cards are those that allow the holder to transfer balances (debt) from other credit cards to this one. Since these credit cards usually come with a promotion that includes several months of no interest payments, they can be used to consolidate and pay off other credit card balances. The balances must be paid during the promotional period for this to be of benefit. Managing and paying off debt this way, saves money and improves one's credit score. These are the benefits of balance credit cards.
If cosigner pays off a defaulted loan is there a way to have a repossession removed from cosigners credit?
The LENDER put the repo on there so they will be the one to take it off. NEGOTIATE.
Which accounts normally have credit balances?
All liabilities as well as sales account has credit balance as normal accounting balances.
