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Turning in car to loan company with owner having bad credit already will it really make a difference on credit report?
Wiki User
∙ 16y ago
It will lower the score and stay on your report for 7 years. But if you are lower than 600 credit score, lenders already consider you a bad risk, so it won't make much difference.
Wiki User
∙ 16y ago
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What is the difference between personal credit and business credit?
The difference between personal credit and business credit is that personal credit only applies to one person; one's self. However business credit can be applied to the employees in any company which are covered by the business insurance.
What is buyers credit and difference between suppliers credit and buyers credit?
Buyers credit is financing provided to a buyer to pay for supply of goods or services usually by an exporting country or by the supplier company.
How to understand the easiest way the difference between debit and credit?
Using your debit card takes money you already have, directly out of your bank account. It works as an instant check, if you have no money in your account, you cannot buy with your debit card. A credit card uses money from the company that gave you the card to pay for purchases. You must pay this back to the company at the end of the month, or they will charge you interest on the money you owe them.
What happens when you over pay on a credit card?
When you over pay a credit card, you have then a "credit balance." This means, in essense, the credit card company owes you money. You can either have them send you a check to pay off the difference, or the credit balance will be eliminated when/if you use your card again.
What is difference between rural credit and micro credit?
What is the difference between micro credt and rural credit?
What company has a good plan on business credit cards.?
I had a good business credit cad from Capital one. Otherwise it is always a good idea to get credit cards from the same bank your company already uses.
What is the difference between personal credit and business credit?
The difference between personal credit and business credit is that personal credit only applies to one person; one's self. However business credit can be applied to the employees in any company which are covered by the business insurance.
What is buyers credit and difference between suppliers credit and buyers credit?
Buyers credit is financing provided to a buyer to pay for supply of goods or services usually by an exporting country or by the supplier company.
What is the difference between trade receivables and creditors?
Trade receivable is that amount which is receivable from customers to whom company sold goods on credit while credits are those from whom company purchased goods on credit.
What is the difference between credit agency and credit bureau?
A credit agency is a company that give you credit. for example : cibc, scotia bank other credit cards. bank loans, secured loans etc. A credit bureau, is where your credit information is kept, equifax etc. hope this helped.
How to understand the easiest way the difference between debit and credit?
Using your debit card takes money you already have, directly out of your bank account. It works as an instant check, if you have no money in your account, you cannot buy with your debit card. A credit card uses money from the company that gave you the card to pay for purchases. You must pay this back to the company at the end of the month, or they will charge you interest on the money you owe them.
What happens when you over pay on a credit card?
When you over pay a credit card, you have then a "credit balance." This means, in essense, the credit card company owes you money. You can either have them send you a check to pay off the difference, or the credit balance will be eliminated when/if you use your card again.
What is difference between rural credit and micro credit?
What is the difference between micro credt and rural credit?
What is the difference between installment credit and open ended credit?
the difference between installment credit and open ended credit is they are the same..
How can you cancel contracts with pre paid credit cards company?
According to my knowledge, prepaid credit cards do not have contracts. The reason being is the credit card is prepaid. This means that the card is already paid for, therefore there is no contract to be signed in the first place.
How credit company manage credit?
Credit Company manage it by way of evaluating there customer on how they will use it and spend it. Some credit company limits their credit so that user can limit also the way they will spend it.
Are Clear Your Debt Companies Helpful?
I can't speak for all of them, but I personally have worked with CareOne and they made a pretty big difference for me.Yes, these agencies work rather well. You still have to pay off the entire debt and that credit account will be closed after the last payment. The agency works with you and the credit card company and reduces your interest rate somewhat ... maybe down to like 12% instead of the 25% or higher you may be doing now. You will make a monthly payment to the agency that includes a "processing fee" ... the debt company will pay the credit card company directly.If you missed payments to a credit card company. you DO NOT want to miss ANY payments to a debt company ... Your credit history is already ruined for 5 to 7 years, don't add insult to injury.yes because then you dont have to pay!!!!!!!!!!!!!!!!!!!!!
