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Is it true or false that most disadvantages of credit can be eliminated by wise use of credit?
It's 100% true, if you know how to use a credit card wisely it shouldn't cause you any problems as long as you make responsible purchases within your budget and make the payments on time.
How do you add if you can your apartment rent payments to your credit score?
Your landlord would have to report payments to the credit bureau.
If a mortgage payment is 20 days late will that be reported to the credit bureaus?
Generally, late payments over 30 days late are reported to a credit reporting agency. After that, late mortgage payments can become "missed" mortgage payments. And missed payments can affect your credit score in a negative way. However, your exact late payment will depend on how your specific mortgage lender reports payments to the credit bureaus.
How does your credit rate effect your mortgage rate?
The higher your credit score, the lower your payments. The lower your credit score, the higher your payments. The analogy above shows how your credit rate affects you mortgage rate.
How can on time rent payments be reported to a credit bureau?
Only clients of a credit reporting agency may "report" credit information. Rent payments, therefore, are typically excluded.
Is it true or false that most disadvantages of credit can be eliminated by wise use of credit?
It's 100% true, if you know how to use a credit card wisely it shouldn't cause you any problems as long as you make responsible purchases within your budget and make the payments on time.
How do you add if you can your apartment rent payments to your credit score?
Your landlord would have to report payments to the credit bureau.
If a mortgage payment is 20 days late will that be reported to the credit bureaus?
Generally, late payments over 30 days late are reported to a credit reporting agency. After that, late mortgage payments can become "missed" mortgage payments. And missed payments can affect your credit score in a negative way. However, your exact late payment will depend on how your specific mortgage lender reports payments to the credit bureaus.
Equity Line of Credit Payments?
Equity Line of Credit Payments For a ten year draw period, this calculator helps determine both your interest-only payments and the impact of choosing to make additional principal payments.
How does your credit rate effect your mortgage rate?
The higher your credit score, the lower your payments. The lower your credit score, the higher your payments. The analogy above shows how your credit rate affects you mortgage rate.
How can on time rent payments be reported to a credit bureau?
Only clients of a credit reporting agency may "report" credit information. Rent payments, therefore, are typically excluded.
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
What does no payments no interest mean?
As far as credit cards/credit accounts, you will not have to make any payments and no interest will be added till said date.
What are credit line payments?
Credit Line payments are payments that you make monthly on a line of credit that you have with your local bank. Many line of credits are based on the equity in your home, but they usually charge much lower rates than a traditional bank loan.
If you fail to pay credit card payments on time how long will the missed payments be reported on your credit report?
Seven years. However, they will have less effect as time goes by. For example, late payments over a year old do not harm your credit as much as late payments from last month. Late payments over 2 years old are generally ignored.
How can one accept credit card payments online?
There are many different companies that can help you with payments online. For example you have CCBill, PayPal and ProPay. They all accept credit card payments against a fee.
Can a cosigner help your credit?
from what i know when you sign on a cosigner you hand your item to them so if you make good payments it builds their credit if you fail to make payments it hurts their credit but it is a good way to start.
