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.
A shortsale will report as Settled for Less than the Full Balance and will stay on your credit report for 7 years.
7 years
7 years from the DOFD
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.
A shortsale will report as Settled for Less than the Full Balance and will stay on your credit report for 7 years.
7 years
What does election of remedy on a credit report mean
7 years from the DOFD
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.
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.
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.
Not Applicable.
HC on a credit report means High Credit. This is the highest amount of money a creditor has issued to you in the past.
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?