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Will having a negative balance in an unused checking account affect your credit rating?
Wiki User
∙ 17y ago
Yes it will have an effect. It still has your name on it.
Wiki User
∙ 17y ago
No, having a negative balance in an unused checking account will not directly affect your credit rating. However, if you fail to pay off the negative balance and the account is sent to collections, that could potentially have a negative impact on your credit rating.
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A levy was placed on a joint account due to a debt your daughter is disputing can this affect your other checking account?
No, it will only affect ur joint account. Then cannot touch your other account.
If you deposit a check in your checking account and it bounces does it affect you credit?
i dont think soo it starts affecting you if the company you gave the check to starts trying to collect from you then it might affect it. if your account got charged a issuffisiant funds fee and its negative and you dont take care of it it will go to collections and affect your credit as well.
Will having a YouTube account affect your computer?
No, having a YouTube account will not affect your computer in any negative way.
How will posting an amount applied to a deductible affect the balance due on a patient account?
it reduces the balance due.
What account does not affect the balance sheet or income statement?
One not associated with the business.
What affect Adjusting entries?
always affectsa balance sheet and an income statement account
What does adjusting entries affect?
always affectsa balance sheet and an income statement account
How will it affect your credit score if lender requires you to have checking account so they can withdraw payments from each month?
Having a checking account has no effect on your credit score. Bouncing your checks has a big effect on your credit score.
Will closing your checking and saving accounts to open checking and savings accounts with another bank affect your credit rating?
No credit reports only report debt not assets. Checking and saving account information does not appear on credit reports so will not affect your credit score.
Describe three factors which can affect the precision of the auditor's expectation concerning an account balance?
ON9
Does being reported to chexsystem affect your credit score?
No, but it will impact whether you will be allowed to open up a checking account.
How does settling a charged off account affect your credit?
It shows as a paid collection. Still a negative thing but shows you did settle account.
