Home
Wiki User
Answered 2014-09-17 17:05:57
A credit report will show that an account is either active or settled. If the account is settled, it means that it has been paid and is closed.
Your Answer
Related Questions
A shortsale will report as Settled for Less than the Full Balance and will stay on your credit report for 7 years.
7 years. Most judgments are renewable and can be reentered on a credit report if they are not paid or settled.
What does election of remedy on a credit report mean
7 years after the account is settled.
Typically these types of actions can be seen on your credit within 30-60 days. There are no laws or rules that requires a credit reporter to immediately post "closed" or "settled" to an individuals credit. Most just report data to the credit bureaus once monthly.
When you suppress your credit report, that means that anybody who pulls your credit report will get no information back. It will not even give the header that comes on the credit reports. So if you are looking to get some type of credit do not suppress your credit report.
Yes, they will note on your report that this debt was "settled" This does not affect credit score but will catch the eye of any lenders looking at your report.
Call your credit card company and inquire. If you can not get through, cancel the card.
HC on a credit report means High Credit. This is the highest amount of money a creditor has issued to you in the past.
Seven years is the standard for anything that has been settled to stay on your credit report. So the normal type of bankrupcy, Chapter 13 I believe, will be off the report after seven years.
The effect on your credit will depend on how the lender chooses to report it to the credit bureau. Sometimes a lender will be willing to report it 'paid as agreed' or 'settled' entry on the credit report rather than an actual repossession. If it is reported as an actual repossession or foreclosure it will be on your credit for seven years and negatively effect your rating.
Yes. Some institutions/businesses do not report to credit bureaus. The debt not being placed on a credit report does not mean it is not completely valid and collectible.
The NE next to on your credit report stands for new credit. The hour you received the credit is not listed on a credit report, just the date and where you opened the credit line.
This depends on where you got the credit report. Different companies use different symbols.
yes, the credit score is affected. The people pulling your credit look at it this way, they want to know if you paid back what you borrowed with no problems, if there was a problem, or if they settled on a different amount, which means they took a loss. What would you rather see if you pulled a credit report on someone?
It sticks for 7 years. The fact that it was turned over to a collections agency will make it to your credit report. When it is paid in full, it will say "settled" on your credit report so other creditors know you took care of the debt. Even so, it still haunts your credit report for 7 years.
One can obtain a free National Credit Report from any reputable credit report site. These include Free Credit Report, Equifax, and Annual Credit Report.
A report about your credit that is bad.
It depends on what you mean. If you have erroneous information on your credit report, contact the credit reporting agency and tell them you want to file a dispute. If you're referring to a negative credit account or report that is in fact accurate, you usually cannot have that removed. Entries on your credit report are removed automatically after 7-10 years depending on what it is.
A credit report includes a list of every request for your credit report in the past two years.
There are several websites where you can get a free credit report. You can also get your credit report from your local credit card company or your accountant can give you a report.
Test... credit .... credit report .... Experian ... experian .... credit credit credit credit credit report credit reporting
In the United States, any institution that extends to you some form of credit can report to the credit bureaus.
Bankruptcy. Bankruptcy will not remove a judgment from the debtor's credit report. The judgment will still remain for the required time if it is discharged in bankruptcy, settled or paid in full. Valid judgments remain for the required 7 years. Most judgments are renewable and can be reentered on the debtor's credit report whenever that action is taken.
Debt settlement will have some bad effect on your credit. When a debt is settled for less than its full value, the creditor will note that on your credit report. The damage is much less than you'd experience with bankruptcy or default, and in most cases your credit will improve within a couple of years.
What does settled mean on your credit report?
Asked By Wiki User
What are the fundamental axes of dumpy level?
Asked By Wiki User
What is Hugh hefner penis size?
Asked By Wiki User
What is the timbre of the song dandansoy?
Asked By Wiki User
What is advantage and disadvantages of multistage amplifier?
Asked By Wiki User
Copyright © 2021 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.