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Would taking a loan from your current 401K account to pay off your credit card affect your credit history?
Zoids
No. Loans from 401(k) accounts are not usually reported to credit reporting agencies, so it should not affect your credit history favorably, or negatively.
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∙ 18y ago
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Will closing a 16 year old credit card account with an excellent payment history and a 18500.00 credit limit in order to get a card with a much better interest rate affect your credit rating?
Closing a 16 year old seasoned credit card account with an excellent payment history will NEVER improve your credit. As a matter of fact, opening a new credit account will also temporarily reduce your score. If you need a lower rate, call your current credit card company and request it. It is a much better solution that can save you money on interest. The following link can show how to request a lower interest rate on your current credit card account.
Estate insolvent cannot pay credit card debt affect on heir's credit history or tier score?
It does not. The debt belongs to the deceased. If the estate cannot settle the account, the credit card company is not going to get paid.
Does your age affect your credit score?
No, but your credit history accounts for about 15% of your credit score.
Does closing a cedit card by the consumer affect their credit negatively?
Closing an account will affect your credit score and decrease your score.
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.
Will closing a 16 year old credit card account with an excellent payment history and a 18500.00 credit limit in order to get a card with a much better interest rate affect your credit rating?
Closing a 16 year old seasoned credit card account with an excellent payment history will NEVER improve your credit. As a matter of fact, opening a new credit account will also temporarily reduce your score. If you need a lower rate, call your current credit card company and request it. It is a much better solution that can save you money on interest. The following link can show how to request a lower interest rate on your current credit card account.
Difference between current account and cash credit account?
i am a student and wanted to open my account should i open a current account or credit account
What is the different between cash credit account and current account?
Diff. between CC account & current account
What is owner's current account and it's accounting entry?
owners current account is called a personal account and it has a credit entry
What does a credit balance on partner's current account mean?
current liability
What steps are involved during Merchant Accounts credit card processing?
A Merchant Account is an account linked to a business's current account that will accept and provide the credit card transaction process. In order to get a Merchant Account one must apply in a process similar to getting a personal credit card whereby credit worthiness, history of trading and likely spend will be assessed.
How does a car repo affect credit?
It goes on your Credit History as an incomplete pay history and in the comments sections in the Credit History for that bank they will give the reason for the negative history.
Does your age affect your credit score?
No, but your credit history accounts for about 15% of your credit score.
Estate insolvent cannot pay credit card debt affect on heir's credit history or tier score?
It does not. The debt belongs to the deceased. If the estate cannot settle the account, the credit card company is not going to get paid.
Does closing a cedit card by the consumer affect their credit negatively?
Closing an account will affect your credit score and decrease your score.
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.
Is a joint applicant's credit affected by a car repossession?
If this relates to a joint account holder or cosigner, then yes the person's credit rating will be affected by a repossession. Yes, whoever's name the car is in will be affected by the car's repossession. Only if the car is somehow tied to the account. Only a bad payment history on that joint account can affect your credit.
