Yes they can and they probably will. if you are concerned about your credit profile, it would not be a good idea to stop paying.
sundry creditor shows credit balance
The Experian Credit report shows your credit score. It also shows your credit risk level and factors that could raise and lower your score. You can also dispute incorrect credit report info online.
A triple credit report shows your credit score from all three credit reporting agencies: Experian, TransUnion, and Equifax.
If you are responsible for that item, then, yes, it can stay on your credit report--probably indefinitely.
Buying something and paying it off. It shows the creditor that you are responsible and not a credit risk. Be aware though, you will be flooded with competing credit card company offers.
A creditor can report a car as repo and not correct it unless you call them. If it not their responsibility to make sure your credit report is right, it is yours. If you contact them, they must fix it.
Charge off is a shortened version of "charged off to profit and loss". This is an internal accounting term for activity creditors take on defaulted accounts. For a consumer's purposes charge off = collection account. This is a defaulted debt that shows as a derogatory account on your credit file.
It most likely will not hurt your credit to much, When you apply for credit it shows as an inquiry on your credit report. To many inquiries is bad. And opening an account and closing it right after shows instability to your credit report and it sticks there for 7 years.
No. As an authorized user, you are not legally responsible for his debt. Now, credit score wise, even though you did not create the soon to be bad debt, it still shows up on your credit report.
When business receives money in advance....
First of all, charge offs cannot remain on your credit report for longer than 7 years so most credit bureaus remove them after 6 years 9 months to ensure proper compliance with the law. Secondly, it's possible that those charge offs are not yours and/or that the companies in charge of the charge offs have lost the records so it is possible, although unlkely, that you can get the charge offs removed by disputing them with the credit agency. Another possibility is that one company shows the charge off and the collection agency shows an open collection. You should be able to get one of those two eliminated as they are duplicates. Finally, it is possible to contact the companies that have made the charge offs and negotiate with them to remove the charge offs in exchange for paying part or all of the charged off amount. Some companies may gladly do this whereas others will not even consider it. You could initiate conversations with the debt holder by writing a letter to the address on your credit report basically offering to pay a portion of the debt in exchange for complete deletion of the negative credit entry. In conclusion, it's better to avoid charge offs and negative credit by paying your bills on time than to try to clean up your credit report afterwards.
Yes it does. It shows that eventually you do pay.
shows up on mine
Bankrate.com has a good website that shows you best interest rates and best credit cards. Go to the site, then go to credit cards. Then click on best for balance transfers.
It shows on your credit report even before they start making payments.
If you're married than its easy... your spouse just gets a copy of their credit report and shows it to you. If your not married (divorced) than you cant - its illegal.
it is when you check your credit it shows you your score and tells you if it is good or bad and it is important because without it you could spend extra money on something you buy because you have a bad credit report score.
Free credit reports are basically what the name implies. It's a report that shows you what your credit is and what kind of credit lines you have currently open or have closed. Freecreditreport.com is a great site that allows you a once a year view of your credit report online.
that it has been closed by either you or the company- either way it shows as a negative in your report
Your credit report shows your credit useage patterns, it has nothing to do with the quality/source of your income. 1099 is used to report income stuff to the IRS. The credit bureaus won't know about it.
The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.
Absolutely. Repossession, whether voluntary or involuntary, show on your credit report as a charged off account. This designation is similar to a collection account and shows that you did not repay the vehicle loan. Such a listing in your credit report would have a significant negative impact.
Why would you want to do anything? Having active accounts, instead of charged off accounts is a positive reflection of your past credit history and is probably causing you to have a credit score. This is a good thing, certainly much better than having charge offs, even paid charge offs showing. Your credit report is a history of how you have managed debt over the past 7 to 10 years. Accounts that were active during that period of time, whether open, closed, active or delinquent, are SUPPOSED to show on your credit report. Having them removed would certainly decrease your current credit score.