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.
Credit scores are calculated based on ALL the information showing in a report at the time they are requested. That having been said; any derogatory information, like a late payment, that gets reported within the past 12 months would have a significant impact on the score. This impact would be most notable on a consumer's report with no other derogatory information.
The deferral option itself will not have a significant effect. The debt to credit ratio that might be incurred during the time period, will definitely change a credit score. Therefore, deferred accounts can have a negative impact on the CR.
Most negative tradelines due to missed payments will have an impact for about 24 months. If the missed payments are not caught up (e.g., 60 days late, 90 days late, etc.) the impact may last as long as 36 months.
History on your credit accounts, especially what has taken place in the last twelve months, accounts for 35% of your credit score. This can mean a 200 to 300 point deduction for late payments. The derogatory information stays on your credit report for 7 years. But it will start to affect your score less and less after that critical 12 month period is over.
If the landlord goes to court to obtain a judgment on the unpaid two months rent, this will show up on your credit report. Any time an account is unpaid, in collections, judgment or late, your credit report will take a hit. This may hinder you from obtaining another apartment as that information may be listed under adverse which can remain on your credit report for 7 years.
That is not true. It does affect your credit score, but after 12 months, the amount of impact begins to decline. How much of a decline is based on ALL the factors which impact credit scores.
24 months, but those only impact your credit scores for the first 12 months if they are hard inquiries.
If you are paying rent on time for both apartments, there will be no impact on your credit report or credit score. Landlords use credit bureaus to check the credit of potential renters, however, they very rarely report abuse until the renter is many months behind. Having two rental units should not impact your credit score unless you have missed a number of rent payments.
Credit scores are calculated based on ALL the information showing in a report at the time they are requested. That having been said; any derogatory information, like a late payment, that gets reported within the past 12 months would have a significant impact on the score. This impact would be most notable on a consumer's report with no other derogatory information.
The deferral option itself will not have a significant effect. The debt to credit ratio that might be incurred during the time period, will definitely change a credit score. Therefore, deferred accounts can have a negative impact on the CR.
A late payment on your credit card bills can gradually ruin your credit card rating if you continue on failing to meet the bills for consecutive months. The penalties will be carried on month after month, thus ruining your score.
Most negative tradelines due to missed payments will have an impact for about 24 months. If the missed payments are not caught up (e.g., 60 days late, 90 days late, etc.) the impact may last as long as 36 months.
History on your credit accounts, especially what has taken place in the last twelve months, accounts for 35% of your credit score. This can mean a 200 to 300 point deduction for late payments. The derogatory information stays on your credit report for 7 years. But it will start to affect your score less and less after that critical 12 month period is over.
With the new credit card rules only recently having gone into effect, it is difficult to determine the long-term implications for retail credit card processing centers. However, in the short-term, these processing centers have had to make the same adjustments that bank credit card companies have had to do and they've had several months to make the adjustment as afforded by the law.
6 months
If the landlord goes to court to obtain a judgment on the unpaid two months rent, this will show up on your credit report. Any time an account is unpaid, in collections, judgment or late, your credit report will take a hit. This may hinder you from obtaining another apartment as that information may be listed under adverse which can remain on your credit report for 7 years.
There are no companies that give extra credit after three months. First of all, credit cannot be associated with credit cards. Second of all, if one is referring to rewards, then most extra bonus rewards come from purchases within the first 3 months, not after.