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Is unknown status on a credit report negative?


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2012-08-06 10:56:01
2012-08-06 10:56:01

Normally a credit rataing, like for example, the CIBIL rating contains marks or points on which the credit rating of a loan applicant is determined. If the credit rating is high, then the credit rating of that person is good. If the points are low, say for exqample around 400- 450, it is risky to give a loan such a borower. Such a borrower is not credit worthy!!

Thus a credit rating either relects a positive or negative score. But the credti rating also indicate "0" (Zero), whichi is an unknown status. We will not be knowing the credut history of the borrower.

A "ZERO" credit score indicates that the borrower has no credit exposure so far and he has not availed any loan from any bank. That is why the credit score is shown as zero! Thus a zero credit score does not mean that the credit history of that borrower is bad!! It indicates that the borrower has not so far availed any loan from any credit institution.



Related Questions

The credit report holder can check his or her report as often as they choose. When you check your credit report it is considered a "soft inquiry" and will not affect your status.

Judgments will remain on a credit report for the required 7 years regardless of the status.

Auto insurance companies do not chrge you on the status of your credit report. They only look at your driving history.

Bankruptcy information (and other legal actions like judgments) may stay on a credit report for up to ten years after the fact. If your credit report still reflects a bankruptcy after ten years, create a dispute/update request with the associated credit reporting company and include proof that the bankruptcy is older than ten years old (the state record of the original date of bankruptcy action is typically all of the proof one needs). Negative items (including home loans that may have been forgiven) may stay on your credit report for up to seven years after the occurrence, regardless of bankruptcy status. Similar to the process above, if there is negative information on your credit report after seven years, one can request an update/modification of the credit report by providing appropriate proof.

Lenders, at their discretion, report the status of all their loans to the credit bureaus each month. The information that they report is not necessarily up-to-date or accurate.

A credit report involves computing a person's financial status using a score system. Credit reporting combines a person's money, credit, loans, debt, etc.

I think that your credit report would be updated to show that the account was "included in a Ch 7 bankruptcy." You should be able to get a free credit report from if you want to check your credit report to be sure the account's status is listed correctly.

No. If they are tell them that the debt is paid off, and ask for them to cease any future calls. You might want to check to see if your credit report is updated with this paid status.

You can't MAKE a credit card company reopen an account. You can call the credit bureau and request that they change the status to indicate that is was closed by you and not the credit grantor. Or, you can simply put a notation in your credit report stating that the account was closed by you and not the card company.

XPN1, XPN2.....are reports from the credit reporting agency Experian EFX1, EFX2.....are reports from the credit reporting agency Equifax 1 and 2 most likely identify you and your spouses individual report with a combined rating for certain types of credit.

You have to go to your local bank and ask for a refferal and all you do is sign it

If you have been repeatedly denied loans, you will definitely want to check your credit report for negative entries. Your credit is solely based on the status of any open accounts that you have, the number of times you have applied for loans, and how well you have maintained your accounts in the past. With a copy of your credit report on hand, you can more easily begin working on removing entries that cause you to be denied for loans. Make sure that you ask companies to update their entry on your credit reports after bringing the account up to date to improve your score quickly.

Included in bankruptcy accounts and collection items both stay on your report for seven years maximun per the fair credit reporting act. The answer is 7 years.

You can check the CIBIL status online by visiting CIBIL website and make a payment of Rs.500/ to get the score along with the report. You can also get a free credit report just by submitting your KYC's by visiting freescoreindia website.

Personal checking accounts will not show up on your credit report. If you have a Chase credit card, you will see some information about the card like reported balance, status, and maybe the current APR on your report, but you won't see any information about to the checking account you use to pay the bill...

You should send notification to the collection agency you paid in full. They will have the status changed. Carbon Copy the credit bureau.

Yes. That is my status report.

You need to go to Bank Negara to retrieve you CCRIS report. Bring your MyKad, andyourself as no proxies are allowed.

Status Unknown - 2014 was released on: USA: 22 February 2014

Status Unknown - 2014 is rated/received certificates of: USA:TV-14

Yes, a credit report only reflects the information which is reported to the 3 credit bureaus (Experian, Equifax, and TransUnion) by Lexis Nexis which they gather from court public records. Even if a judgement is not being reported by the credit bureaus, you may still be liable for it. To find out the status of a judgement, contact the court where the judgement was placed.

Any collection account on your credit report is considered a derogatory listing regardless of status (unpaid, paid or settled). All accounts of this type have a negative impact on your score depending on when they are last reported/updated. Since settlement is paying less than the full amount due, this is obviously seen as less favorable than paying in full. But, once again, it is the date last reported that impacts the score.

What is the status of my BPI credit card application? mayette garcia

Checking your Equifax report is vital because it provides the status of a debtor's credit situation. The information on the report will influence the rate of interest on all financial obligations. Persons that find and fix errors from the Equifax credit report put themselves in a better financial status.What is Equifax?Equifax is one of the three major credit reporting agencies in the United States; the other two being TransUnion and Experian. Credit reporting agencies collect information from businesses, financial institutions and government entities. The role of the credit agencies is to record information and clear up any mistakes contained on the report.Obtaining the ReportDebtors have multiple ways to request an Equifax credit report. Individuals can request a copy of their report by contacting the company by mail, telephone or at the Equifax website. Multiple products are available for purchase including credit reports, scores and other items.The Fair Credit Reporting Act passed by United States Government entitles everyone to a free credit report once a year. Individuals are entitled to a free credit report from each credit reporting agency (Equifax, TransUnion, and Experian) for three reports every twelve months. Debtors request a copy of the free reports at the website.Report DetailsA credit report from Equifax contains information about the debtor including address and financial details. A section of the report will include all previous and current names of the debtor. All past and present address and employers reported to the bureau are listed on the report. Past financial activity is listed by account with pay status, late payments and amounts.Why Is It Important?The specifics located inside an Experian report directly correlates to the debtor's credit rating. A credit score is a numerical representation of a person's creditworthiness. Lenders and financial institutions use the credit score for extending credit. People with better scores, a higher number, receive a low rate of interest.SummaryEveryone who strives for an admirable financial standing needs to periodically check their Experian report and examine for errors. Annual credit reports are available for free and by purchase. A report with positive accounts results in better purchasing power.

A room status report is a summary of a situation. It will tell you if the room is ready or cleaned up.

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