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Answered 2006-08-31 18:07:40

So long as you pay your bills on time, your credit score shouldn't change. Paying down the debt will, of course, help increase your score.

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How does a company running a credit report hurt your credit score?

Too many inquires on your credit report can hurt your score since it may appear that you are applying for too much credit at once.

Does Getting your own credit report hurt you?

Every time the credit report is accessed, it is lowered slightly.

If you close a credit card will it hurt your credit?

It will not affect your credit if you pay off the balance when you close the account.

Does it hurt your credit score when you have a credit report service that allows you to check your credit score as much as you want?

It only hurts your credit score when someone else pulls your credit report.

If you close a credit card that has a balance on it will it hurt your credit score oppsed to waiting until the balance is paid in full?

Canceling cards usually does lower your FICO or credit score; if you have a balance on a card, pay it off or transfer the balance to a lower-interest card. Then take scissors and cut up the old card (and any new ones they send you in the future). But then you don't need to actually cancel it.

Do medical bills on credit report hurt credit score?

yes they do, they impact your score greatly

In what ways can a negative credit report affect your financial goals?

Refinancing can affect your credit report, and excessive shopping can also hurt it too.

Does ND hurt you on your credit report?

thats what id like to know

How to fix auto loan charge off?

What do you mean by "fix" it? Do you want this taken off of your credit report? Was the loan legitimately charged off? Do you still owe a balance on the loan? If you have a legitimate charge off reported on your credit report, it cannot be legally removed. If you owe a balance and the charge off is recent, paying off the balance could help. However, the charge off will still show on your credit report for 7 years, and only time will remove it. Still, if you keep your credit in good shape otherwise, the charge off will hurt you less and less as time goes by. Read more about your credit report and score in the link below.

How does car repossesion affect credit score?

A repossession can drastically hurt your credit score. The repossessed account may report late payments (30, 60, 90 days late), a pad due balance, and a charge-off. A repossession can lower your credit score anywhere from 30 to 200 points depending on the other accounts reporting on your credit report.

How does a willing reposession effect your credit?

A repossession hurts your credit score whether it is voluntary or not. The creditor will report late payments, a charge off status, and a balance if one is owed. A repossession may hurt your credit score anywhere from 60 to 120 points.

Does credit card consolidation show up on my credit report?

Yes, credit card consolidation will affect your credit score. It will show on your credit report for at least five years, it doesn't hurt as bad as bankruptcy however.

How bad do charge offs hurt your credit report?


If you close a checking account wll it hurt your credit score?

Checking accounts are not normally reflected on a credit report.

If you have paid on time and would like to get rid of your car will this hurt your credit?

will this hurt my credit?": only if the is a balance due after the lender sells it(likely) and you co-signed the loan.

You getting offers to add credit cards and obtain great rewards Does it hurt your credit to open these cards obtain the rewards pay off the balance and close the account?

Yes, having your credit pulled can lower your FICO score. Which is the score on your credit bureau report used in some cases to determine your credit worthiness. Each time you apply for a new account your credit is pulled whether or not you are approved. Closing accounts can also have a poor effect on your credit report.

Can paying off your credit card balance in full every month hurt your credit?

Your credit report, credit rating and credit scores do not reflect any difference in paying the full amount on a credit card account or paying the minimum amount. What is tracked and recorded on your credit report is whether or not you pay the account ON TIME. It is a completely different factor to your "bottom line" in the amount of interest you pay. so consider all the facts before you decide how much to send in.

Can business credit card debt affect my personal credit card balance?

A business credit card debt can affect someone's personal credit card rating. A credit report for an individual is processed by activity of one's overall credit. This means that having debt for a business credit card can hurt a person's chances of receiving lower interest for a home finance loan.

Can unpaid co-payments for Hospital bills hurt your credit report?


Do credit cards with low credit lines hurt credit scores?

No, the score model recognizes the balance on the account in proportion to the credit limit as a percentage. For example, if you have a balance of $10,000 with a $ 50,000 credit-limit your proportion of balances to credit limit would be 20%. Vote on our video at

If you close your account with a balance will this hurt your credit or your credit score?

To successfully close an account, you must first have a zero balance on said account. Otherwise, you will still receive bills on that balance, which can and probably will accrue late charges.

Does it hurt your credit if you cancel the card after it opens?

Yes, it will have a negative affect on a credit report, usually temporary perhaps 90 days.

When paying off a credit card does it hurt to do a settlement exception?

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.

Will it hurt if you voluntarily return my car?

Yes, it can still hurt your credit if you voluntarily return a car. The car company will still put the debt you owe on your credit report if they choose too.

Does it hurt your credit if a credit card company closes your acouunt because you aren't using the credit card?

No. It will show on a credit report as an account closed due to inactivity. It has no effect on your credit score.