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If you owed money on a student credit card but have now settled it will that affect your credit in the future?
Wiki User
∙ 8y ago
You did not provide enough information for a specific answer to your question.
In general: Settled debts show as (now) paid derogatory items. No creditor wants to take a loss after wanting longer than the original term of your loan to get their money back. So a derogatory loan that is settled for less than full balance is shown with that type of notation, and continues on your credit report until its' governing statute of limitations expires.
Wiki User
∙ 8y ago
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How does defaulting on a car loan affect your future credit?
Any default on any loan will damage your credit in the future.
If you get married how will your credit reports and bankruptcy affect your future spouse's perfect credit?
Your credit follows you individually. If you have joint accounts then they appear on both of your credit reports.
How does interest on credit affect your ability to spend in the future?
Then your credit can be high enough so that you are spending more money on credit interest than you can keep up with, there for, you are losing money
Do late payments affect a credit score?
Yes, they will both reduce your credit score and impact future payments on that card (e.g. increased interest rate, late fee charges).
What could happen to someone charged several thousand dollars on a credit card while in the States on a student visa and then left the country?
Probably the only action that could logically be taken, would be to deny any future student or work visa to the person in question. Denying any future visa is a possible action. But can you explain the legal actions that may be taken from the credit card companies? Is there any risk on the student while he is outside USA. Please be more specific.
Will your husbends credit be hurt from your past student loan even if you weren't married?
No. Credit obtained as an individual does not affect a future spouse.
How does defaulting on a car loan affect your future credit?
Any default on any loan will damage your credit in the future.
Will a foreclosure on your credit report affect your ability to get student loans in the future?
Absolutely. Your credit score affects all aspects of lending...approval/interest rate etc. If a bank/creditor sees that you have forclosed on a home, they will be less likely to lend you money especially unsecured money like for a student loan.
If you get married how will your credit reports and bankruptcy affect your future spouse's perfect credit?
Your credit follows you individually. If you have joint accounts then they appear on both of your credit reports.
Does co-signing effect the ability to get your own loans or student loans in the future?
yes if they default it will hurt your credit yes if they default it will hurt your credit
Does co signing effect the ability to get your own loans or student loans in the future?
yes if they default it will hurt your credit yes if they default it will hurt your credit
How does interest on credit affect your ability to spend in the future?
Then your credit can be high enough so that you are spending more money on credit interest than you can keep up with, there for, you are losing money
Does a claim for an accident affect your rating when through a credit card?
No..but it will effect your current and future Insurance rates.
Do late payments affect a credit score?
Yes, they will both reduce your credit score and impact future payments on that card (e.g. increased interest rate, late fee charges).
What services does the equifax site offer?
Equifax offers you great things, beyond just giving you your credit rating. With Equifax you can see how different choices you make will affect your credit rating in the future.
How will an eviction affect renting in the future?
YES. This will show up on your credit report as "Landlord/Tenant history". This will stay there for 7-10 years!
Will a foreclosure from someone's past affect their spouse's credit?
I hate to sound like a lawyer, but it depends. If you have separate credit reporting accounts, it may affect the wife's credit slightly. If there is only a joint credit account, yes, it will affect the wife's credit the same as the husband's. You can ask the 3 major credit reporting agencies (Experian, TransUnion and Equifax) to separate out your credit histories. If the foreclosure has already started, it may be too late. Get a free credit report from each (once each year) at www.annualcreditreport.com.
