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What else can I help you with?
If you stop paying on a collection account that no longer shows on your credit report can the collection company report the unpaid balance to the credit bureaus?
Yes they can and they probably will. if you are concerned about your credit profile, it would not be a good idea to stop paying.
What is the purpose of a free credit report?
The purpose of a free credit report is that the individual can get a report of their credit records. This way they can know what there standing is in terms of credit, and see if they have good credit or bad credit without paying any fees or services.
If you settle an old credit card debt with a collection agency paying the negotiated price in full will the collection agency remove the collection from your credit report?
No the collection will not be removed from the credit report. They will show it paid in full.
What reflects better on your credit report a zero balance on your credit card or buying something once a month and paying it off?
Buying something and paying it off. It shows the creditor that you are responsible and not a credit risk. Be aware though, you will be flooded with competing credit card company offers.
If an account was charged off and removed from your credit report after 7 years can another company buy the account and place it back on your credit report?
No, it is illegal, and if you are a victim of this, you can have it removed from your credit report by disputing it with the bureaus. After the statute of limitations is up on any trade line, it can not be placed back on your credit report.
What is the meaning of a credit report?
a credit report indicates your history of generating and paying debts on time.
Does paying car insurance monthly build your credit?
Paying your insurance premiums do no report to any credit reporting bureaus.
Can you report a debt someone owes you to the credit bureau if they are not paying?
no
If you stop paying on a collection account that no longer shows on your credit report can the collection company report the unpaid balance to the credit bureaus?
Yes they can and they probably will. if you are concerned about your credit profile, it would not be a good idea to stop paying.
What is the purpose of a free credit report?
The purpose of a free credit report is that the individual can get a report of their credit records. This way they can know what there standing is in terms of credit, and see if they have good credit or bad credit without paying any fees or services.
Can you get another credit card if you owe another?
Yes, you can. Many places will give you a credit card without paying that much attention to your credit report. But be warned, if you're getting yourself deeper into debt, your assets and possessions might be at risk.
If a credit card company says you owe them money but it is not on your credit report do you have to pay?
If it isn't on your credit report, the credit card company still has hopes of you paying it off. When they see that isn't going to happen, you can bet your butt that it WILL be on your credit report.
How long does it take after paying off a credit card for it to show up on your credit report if you are going to apply for another loan?
about 30 days, but don't close the card just yet that will have a negative impact on your credit score.
Does paying a judgment improve credit report?
Yes it does. It shows that eventually you do pay.
Collector effect credit report?
if you owe bank and is in the processes of paying them back but they have not yet sent a notice to the collector debt. Does it show up on your credit report
If you haven't paid your credit-card debts in 7 years can you apply for a new card?
When you apply for a credit card a credit report will be ran and those credit cards you haven't been paying will be on that report. So I say no.
What is the purpose of credit report check?
The purpose of a credit report check is to check how a person manages their credit obligations and if they have any history of not paying. If one has bad history then it is more of a risk for a company to give that person credit.
