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If you pay off a debt listed on your CR how long will it take for that zero balance to be reflected on your CR?
Wiki User
∙ 18y ago
Once a debt is repaid, the creditor should report the account as current/paid with in 90 days. After paying off an account, obtain your credit report to make sure that all information is accurate and current.
Wiki User
∙ 18y ago
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Is long term debt on a balance sheet or income statement?
Long term debt is the liability of business payable in future so it is part of balance sheet of business.
Is short-term debt the same as current liabilities?
Essentially, yes.Many times a company has Long-term debt, with a certain amount to be repaid within the year. On the company's balance sheet they will have the remaining amount of their Long-term debtincluded in Non-Current Liabilities, while in Current liabilities they will have the Current portion of long-term debt.Basically, the balance sheet has a section for Current liabilities, which would include accounts with debts to be repaid in the short-term (generally within the year). Normally it is not listed as Short-term debt, but rather an account like Accounts payable or Bank loan, or as I stated earlier, Current portion of long-term debt.
How is debt expressed on a balance sheet?
Debt is shown in liability side of balance sheet as per the payment time duration if within one year then current liability otherwise long term liability.
How long can a debt be listed on your credit report?
Tradelines: 7 years Bankruptcies: 10 years
What is a long term bebt considered on a balance sheet?
If you meant long term debt, then its a non-current liability, and it goes under the Equity and Liabilities section of the balance sheet.
How is the Bonds Payable account classified on the balance sheet?
It is classified under Long-term Debt/Liabilities
What does a debt payoff calculator do?
A debt payoff calculator can help you to find out how long it will take to pay of any debt you have. The following website offers an easy to use debt calculator,http://www.bankrate.com/calculators/credit-cards/balance-debt-payoff-calculator.aspx
All long-term debt maturing within the next year must be classified as a current liability on the balance sheet?
Yes. Usually separated and called "Current Portion of Long-Term Debt"
What is net new borrowing as it relates to determining the cash flow to creditors?
Net new borrowing is the difference of the long-term debt on the balance sheet. Cash flow to creditors = Interest paid - difference of the long-term debt
How long before a cable company can submit your balance to debt collection agency?
things like this usually are after a couple months of non payment
Is long term debt asset or liabilities?
A long-term investment is considered a long-term asset, because a firm expects a probable future economic benefit to result from it.
What is the current portion of long-term debt classified with?
Current portion of long term loan is classified as current liability and shown under current liability section of balance sheet.
