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Why if I am paying monthly payments on medical bills are they on my credit report?
Wiki User
∙ 14y ago
If the bills were overdue and you are making payments as the result of being 'dunned,' and the bills are not yet paid in full, it will reflect on your credit report.
Wiki User
∙ 14y ago
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Does paying off your car help your credit score?
To pay off debt yes, to make monthly payments no.
Isn't paying no interest loan by paying monthly due amount better than paying in full in term of improving credit score by having good payment history?
Making monthly payments on a no interest loan is way better than paying it off in full if you are looking to improve your credit score.
Does paying car insurance monthly build your credit?
Paying your insurance premiums do no report to any credit reporting bureaus.
Will paying towards your credit card weekly better your credit?
Answer Paying a credit-card weekly or bi-weekly will not help your credit. The main advantages for doing something like this are to pay lower interest on a carried balance and to force yourself into an extra payment. Example: If you pay half of your monthly bill every 14 days, by the end of the year you will have made 26 payments - the equivalent of 13 monthly payments or one more than the 12 you would have made by sticking to the traditional bill schedule. (This is the same reason that making biweekly mortgage payments cuts a 30-year mortgage down to a 23-year mortgage.) To improve your credit via your credit card, the items to focus on are paying on time and maintaining a reasonable credit utilization rate.
Good Credit Can Reduce Monthly Bills?
One of the most important things to consider when attempting to develop a budget and lower monthly bills is what type of credit score he or she has. While credit scores may seem negligible when looking at everyday bills like cable, satellite, phone and energy, companies often look at these scores and may consider charging an extra up front or monthly amount until scores are improved. Of course, vehicle and mortgage payments are often directly related to credit scores, and credit card payments are also directly impacted. Paying bills on time will help to improve credit scores and reduce payments
How it is it possible to finance a car if a poor credit rating is making it difficult?
When you have poor credit rating, you might have to be prepared to pay higher down payments and maybe higher monthly dues. But be prepared in all cases to be paying higher rates because of the poor credit rating!
What is meant by the term ratio of the end to the mean?
The term ratio of the end to the mean refers to the ratio that indicates what portion of a person's monthly income that goes towards paying debts. The credit-card payments, child support, and mortgage payments are examples of these debts.
Can you use your home equity to pay off bad credit?
You can apply for a home equity line of credit to borrow money and pay off debts. There are usually flexible payment plans ranging from paying off the monthly interest to larger payments of your choice.
What is better debt settlement or consolidation?
Hello There,Honestly it depends on your financial situation. In nutshell1. If you are paying all your monthly payments on time, you think the interest rate is very high, You are VERY concerned about your credit scores, you dont mind paying the complete amount.... just want the interest rates to be lower and the monthly payments slightly down, cannot afford to talk to creditors or collectors on phone..... then Debt Consolidation is the option for you.2. If you CANNOT afford your monthly payments at all, you are late on payments, or you are somehow managing to pay the minimums... If your credit scores are not the top priority in your life, if you are considering to file for a bankruptcy, then opt for Debt Settlement.Thanks!This is not legal advice...... Answer: {| |- | The most common debt relief options are: debt consolidation and debt settlement. Debt consolidation has a minimal effect on your credit. Debt settlement will have a larger effect on your credit. When a debt is settled for less than its full value, the creditor will note that on your credit report. |}
What does a car amortization calculator do?
A car amortization calculator lets you compare payment options, like bi-monthly, monthly, or bi-weekly payments. It could help you organize your payments and facilitate paying off your car.
Does paying off another person mortgage payments help your credit?
No. Not if your name isn't on the loan.
Does paying twice monthly on a credit card help raise your credit score?
Probably not. The formula used to compute credit scores is proprietary, which means only the 3 companies that make your credit score know exactly what factors affect it and how; however, what gets reported to them is whether or not you pay as agreed. What that means is whether or not you paid the minimum payment due during each billing cycle. If you do, it helps your credit score. Paying twice may indirectly help your credit score by lowering the amount of debt you owe, but twice monthly payments are not something that is reported to the bureaus that is factored into your score.
