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Should you see if your bank will repo your car as you just can't keep making the payments and when you do they are late you have had the car for 4 month now you know it will make your credit bad?
Wiki User
∙ 16y ago
I need to know how long does it take the bank to repo your car if you are 2 payments behind. Can I make arrangements to make a payment next week
Wiki User
∙ 16y ago
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Can making car payments in the grace period every month hurt your credit?
No, it won't hurt your credit. In fact it will improve your score.
How small should your credit card balance be?
If you are asking as it relates to your credit score.... Use your card each month and pay the balance in full each month. If you have the card charged up to your limit, that brings your score down. Making on time payments each month helps your score.
If a car is repossessed and you agree to make some kind of payments ever month will they still list it on your credit as a repo?
Yes but it will also list that you are making payments!
How often does your credit score rise if you have been making on time credit card payments for a period of one year?
== == Each month that you make an on-time payment your credit score increases.
How many credit cards should you have to build credit?
Number of credit cards do not matter, what matters is your payments. As long as you pay in full every month and don't go over 30% on your credit cards you should see maximum results..
How do you build credit?
Buying a house and making your mortgage payment on time is one way. As well as making regular and ON TIME payments on all your bills! The simplest way is with a credit card. Just be sure to pay off the balance each month to build "good" credit.
When you make life ins payments at work from your check are you making them for that month or the month ahead?
The next month.
If you leave a little of your credit card balance unpaid each month will it have a positive effect on your credit rating?
It CAN have a positive effect, but it also depends on the rest of your credit report. Leaving a small balance is advice often given to people who are looking to establish credit: borrow money, pay most of it, but show that you can make payments responsibly by making payments on a small balance.
What increases your credit score lowers it?
Increases are caused by paying any credit cards promptly, and on time. Decreases are caused by you making late (or no) payments each month. Additionally - CCJ's will always have a detrimental effect on your score.
How do you raise your credit score?
A good way to raise your credit score, is to get a credit card with a limit on it, and only use about $10 a month on it, and pay it back immediately. This will help to raise your credit score gradually.
How often will a lender of a car loan check your credit report if all payments are made on each month?
While you are meeting the terms of the loan contract and making all the payments required on time, the lender will not see that there is any problem with your loan.
How is your credit affected if you miss a one month payment of your car loan and what will be its affect on the mortgage loan?
If you already have a mortgage, no effect. If not, and you have made up the payment,and all other credit payments are ok, and you qualify in all other respects, not much of an effect. But if you have credit cards and are making payments, their interest rates may go up dramatically.
