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If you pay off a car loan and make payments on time until pay off will this increase a credit score and if so how much?
Wiki User
∙ 16y ago
Well I do know one thing yes as long as you make payments and eventually pay off the loan your credit score does go up. Also on a monthly bases your loan should be reporting that your making your payments on time to the credit burou which should increase your score on a monthly bases. The question still remains how much your score goes up for making all your payments and eventually paying off the loan which is still a great thing to do. Well this is firebirdlazy signing out laters
Wiki User
∙ 16y ago
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How long are unpaid medical bills on your credit score?
Unpaid medical bills are on your credit score until they are settled with the company that issued the bills or written off of the credit report. This could be for many years if you are making payments on the account or might end more quickly if you have declared bankruptcy.
If your SL is deferred until 2008 but you are being denied credit because of it is it better for your credit score to pay it all or to make payments?
if its deferred because you are in school... then you arent being denied credit because of it. if you dropped out of school then you have to begin payments immediately... if not then you default... which will get you denials. if you are deferred because you are in school... then it actually helps your credit because its an open account that's current.
Will a credit score be better or worse if you take out an unsecured personal loan to pay off credit card debt?
If you get a loan, pay off credit cards and keep the loan payments current until it is paid off. Your CR will be pretty darn good.
Can one receive a credit line from RBS Online with a credit score of 450?
A credit score of 450 is not good at all. It is considered very high risk and you will not be able to recieve a credit line until your score goes up.
How will renting two apartments at the same time effect your credit?
If you are paying rent on time for both apartments, there will be no impact on your credit report or credit score. Landlords use credit bureaus to check the credit of potential renters, however, they very rarely report abuse until the renter is many months behind. Having two rental units should not impact your credit score unless you have missed a number of rent payments.
Will a co signers bankruptcy in Maryland effect your credit in pa?
If your co-signer has declared bankruptcy but you have not and are current on your payments it will affect your credit until the original loan is paid off regardless of what state you are in. Once that loan is paid off and your connection to the other persons credit is severed you will operate on your own credit score.
Does your score increase after filing bankruptcy?
bankruptcy will effect for your credit for an average of 7 years..consider it a way of purging the bad and being flagged for "high risk" until your prove yourself again
How can you apply for a credit card if you cannot get your own but have a family member with excellent credit who will cosign?
Rather than ask your family to jeopardize their credit, why not get a debit card until you've built up your own credit? First, it assures family that you won't default on payments and make THEM pay, and second it lets YOU build up a credit score. It's far more mature as well.
Can a debt be put on your credit report if you are making payment?
Yes, it'll be there until the payments are completed.
How long until my late mortgage payment results in a bad credit rating?
As your lender about the specific reporting policies. For the most part, late payments are not reported until the payment is at least 31 days late. Repeated late payments and excessively late payments will shave points off a credit rating.
If you dispute something on your credit report can you get a credit score while it's in investigation?
Yes, you can always get a credit score since it is simply an algorithm that is run against a "snap-shot" of your credit report. Disputes don't show up on your credit report - only the results so the resulting score won't be affected by the dispute until after it has been resolved.
Good Credit Can Reduce Monthly Bills?
One of the most important things to consider when attempting to develop a budget and lower monthly bills is what type of credit score he or she has. While credit scores may seem negligible when looking at everyday bills like cable, satellite, phone and energy, companies often look at these scores and may consider charging an extra up front or monthly amount until scores are improved. Of course, vehicle and mortgage payments are often directly related to credit scores, and credit card payments are also directly impacted. Paying bills on time will help to improve credit scores and reduce payments
