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If you pay a collections account in full and have no credit cards or other debts how soon can your score go up?
Wiki User
∙ 16y ago
paying off bad credit will take about 60 days to have an effect on your credit score. But, if you don't have any credit cards you will never have a good credit score because no one is giving you credit.
Wiki User
∙ 16y ago
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Can a bank close your account after bankruptcy if you never bounced checks and have no line of credit with them?
No, the banks can not close your saving and checkings account. If you have credit card debts then yes they can close your credit cards.
Does having multiple credit cards hurt your credit score?
Having the cards does not. Having large debts on them does.
What is the meaning of credit cards for people with poor credit?
The meaning of credit cards for people with poor credit refers to credit cards that are approved to people that have had financial problems or debts in the past. They usually allow one to rebuild their credit score.
If you and your husband are joint tenants on credit cards are you responsible for the debts if he has passed away?
Yes. When an account is jointly held, all parties are equally responsible for the entire amount owed.
Is it possible to just declare bankruptcy on credit cards?
You can declare bankruptcy due to credit card debts, yes.
Can a bank close your account after bankruptcy if you never bounced checks and have no line of credit with them?
No, the banks can not close your saving and checkings account. If you have credit card debts then yes they can close your credit cards.
Does having multiple credit cards hurt your credit score?
Having the cards does not. Having large debts on them does.
Can MN garnish wages from credit cards sent to a lawyer?
Credit Cards cannot be garnished. If there are credit card debts, the wages can be garnished regardless of the location of the cards.
Which debts should be paid off first?
For consumer debts, credit cards. Highest interest.
What kind of bankruptcy is it called when you only include credit cards?
Chapter 7. The credit cards would be unsecured debts.
If a credit card holder dies who will be responsible for paying debts on cards?
If the cardholder has an estate, the credit card company can pursue that. In practice they don't really do that. If the account is a joint account, the other account holder becomes wholly responsible for the debt. Otherwise the bank eats the money.
What is the meaning of credit cards for people with poor credit?
The meaning of credit cards for people with poor credit refers to credit cards that are approved to people that have had financial problems or debts in the past. They usually allow one to rebuild their credit score.
Is it illegal to put overdue medical bills on a credit report?
No. Overdue medical bills, like other debts incurred, can appear on a person's credit report, especially if they go into collections.
What does it mean when it says written off credit cards?
The debts have been discharged.
Can you use a credit counseling service to pay the deficiency balance in a repo in nc?
I was a Certified Credit Counselor in the state of North Carolina, and the answer to your question is no. The only accounts that a credit counseling organization will accept are revolving accounts (credit cards), payday loans, utility debts, and medical debts. Repossessions will have to be negotiated between you and the collection agency or lender that has this account.
If you and your husband are joint tenants on credit cards are you responsible for the debts if he has passed away?
Yes. When an account is jointly held, all parties are equally responsible for the entire amount owed.
Is it possible to just declare bankruptcy on credit cards?
You can declare bankruptcy due to credit card debts, yes.
