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No, but it doesn't help your credit score either. In order to build and maintain your credit score, you need to use credit on a monthly basis.
Strangely enough, yes it does negatively but temporarily affect ones credit score.
Technically you can, but with a score like that you're probably going to do more harm than good.
It all depends. Like for example if you check you free credit score once a year there will be no harm. But if you check it frequently a year multiple times it will ding your credit and start bringing it down.
Applying for a Payday Loan will not affect your credit Rating. Some lenders do not need a credit check to approve a loan for you.
Yes. Mortgages make up a good portion of your credit profile, so defaulting on one can damage your credit score pretty bad.
Your credit score is one aspect of your credit worthiness that is used to determine your qualification for credit (credit cards, loans, advances). In addition to establishing your general ability and willingness to repay credit, it can determine the terms of that credit (interest rates, periods, points). The score is widely seen by credit and capital providers as the "grading" of your suitability for credit.
it would really depend on the age of the debt, if it is more than 6 months, leave it alone. By settling it it becomes current news not old and forgotten. It will make you feel better about paying your debts but will actually harm your credit score. You'll sleep better at night but your credit won't.
I am not certain what is meant by "harm" unless it is that unpaid loans or late payment affects your credit rating, which in some cases it most assuredly does. Then of course there is the exorbitant interest rate which very often keeps the consumer in debt to the lender for a long, long time.
a lie a pathogen
There are two schools of thought on this issue. One, that paying charge offs will show to any future creditors the consumer is acting in good faith by honoring financial obligations. If, however, the account has gone to collections the results may be just the opposite and could do more harm then good to a credit score. The consumer would need to decide what is the best action relating to their personal circumstances.
Bad credit can be fixed by paying off everything. Using a credit fix isn't a solution and may actually harm your credit if the company isn't reputable.