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Will settling for less and paying off a school loan hurt your credit?
Wiki User
∙ 17y ago
It depends on your contract and the terms of the payoff.
Wiki User
∙ 17y ago
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Will settling a close credit card debt hurt your credit?
it would really depend on the age of the debt, if it is more than 6 months, leave it alone. By settling it it becomes current news not old and forgotten. It will make you feel better about paying your debts but will actually harm your credit score. You'll sleep better at night but your credit won't.
Will settling a credit card debt hurt your credit asdfsdf?
NOT really. All I know is party is cats and raining dogs and mice and food
Does applying for school loans hurt your credit?
It should not hurt your credit score unless you don't pay.
Can paying off credit card balances hurt your credit?
paying off no, closing the account yes. 6,000 owed/10,000 credit limit =60% of credit used2,000 owed/3,000 credit limit=66% of credit used=lower fico
Can opening and closing credit cards hurt your credit rating?
NO! Not if you have paid the credit off before you get another one. Or if you are paying one credit card off with another, you can only do that so much befor it will hurt your cerdit.
Do bad credit payday loans further hurt your credit score?
They could further hurt you credit score. You will pay a higher interest rate which makes paying the payment that much harder which puts your credit even lower.
Can your credit be damaged by paying less than what is due on time?
Absolutely. It won't be hurt as badly as not paying, but your credit report usually shows a status that reads "pays as agreed." If you're paying less than the minimum amount due each month, you're not paying as agreed and your credit can get dinged.
How can the frequency of paying your credit card bill hurt you?
The frequency of paying your credit card bill can hurt you in a number of ways. If you keep missing bills, pay late, or default, other lenders will not look upon you favorably, getting you worse rates in the future.
Can paying your credit card balance early hurt your credit score?
It shouldn't ! Paying off your balance early shows you're in good control of your finances - and can budget your bills based on your disposable income !
Can closing paying off credit cards hurt your score?
In Some Cases Yes It Can Lower Your Score.
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.
Will a balance transfer hurt your credit report?
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.
