Will returning item bought on a credit card affect your credit history?
No. The merchant may drop you from his preferred customer list if he notices a lot of returns, but the credit card company doesn't care.
If you bought a new car and have only had if for 2 weeks with no payments made can you return it to the dealer will it affect your credit score?
Would taking a loan from your current 401K account to pay off your credit card affect your credit history?
There are many aspects of your credit history that affect your credit score. 35% - Your Payment History - Credit cards, Telephone bills and other utility bills 30% - Amounts You Owe - Outstanding credit amounts in loans and credit cards 15% - Length of Your Credit History 10% - Types of Credit Used 10% - New Credit
I have a car for 2 yrs now and is not fully paid but i want to return it will returning it affect my credit?
You bought a car for your fiance and now the wedding is off you need to get rid of the car Can you return the car to the dealer And how will this affect your credit?
Will it affect your credit rating and score if you have 5 credit cards but use only one and neglect the other four cards?
Is it legal if your credit score dropped from a 530 to a 478 and there is not any new information on your credit report?
There are several factors that go into your credit score, but the biggest at 35% is your credit history. This is your history of payments with your creditors. Late payments, collections, judgments, and bankruptcies all affect your credit history negatively. You can fix your credit history by negotiating removal of your negative items by paying them off. You can also dispute any negative item to the credit bureaus and they must investigate it. Removing any…
I just got a new credit card. I dont have any credit cards other then this one. If I cancel this credit card that is new with zero balance will it affect my credit score?
Everything you do related to credit cards will affect your credit. My advice would be to leave the credit card account open and here's why; While just cancelling your credit card (with no balance) shouldn't hurt your credit, here are a couple things to think about; 1) your credit history makes up 15% of your credit score. No history means no points. 2) your payment history is makes up 35% of your credit score. I…
If you take out a line of credit for emergencies but never use it how will this affect your credit rating?
You can get credit history by having a credit card or line of credit. Anything that reports to the credit bureaus that you are paying each month. You can also get some credit accounts added to your credit history by becoming an authorized user on a spouses or family members account. All this doesn't matter if it isn't paid on time, so a credit history length with a good payment history will help your credit…
When you ask a possible creditor to inquire about your credit, it may affect your credit. This is because it implies that you're possibly opening a new line of credit. But you have the right to look at your credit report without affecting your credit. When you request your credit report it's called a "consumer pull" and has no affect on your credit.
If you are an authorized user on your parents credit card and they claim bankruptcy how will that affect your credit?
Yes you can. Everyone starts off at some point without a credit history, and there are options available for people who would like to get a credit card without any history of having one. They can start to build their credit history by applying for a secured credit card or applying for a joint credit card with someone who has an established credit history. The third option available to someone who has no credit history…