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What else can I help you with?
Can creditors remove their accounts from your credit report?
no, it should stay on your credit report for life.
What should you do to get paid collections off your credit report?
If the account is legitimately yours, then you cannot legally have it removed from your credit report. However, if you paid the collection account off, it should be reported as paid on your credit report. Still, the accounts will not be removed from your credit report for 7 years.
If you've recently paid off several credit cards how long does it take for the zero balances to show up on your credit report?
Not long at all. It should show up in your next statement or the one after it.
Will your credit report only show a discharged bankruptcy or will it also show all the accounts included in the bankruptcy?
Your credit report will show both the accounts (which were listed first) and the legal entry of the bankruptcy in the public records portion of your credit report. Once a bankruptcy is discharged, credit grantors should update the account listing (called a trade line) and make sure that no derogatory information is showing (like past due balance or collection account notations) EXCEPT for the "included in bankruptcy" statement. This is what SHOULD happen. It's up to you to follow up and make sure that your credit report looks like it is supposed to after a bankruptcy.
What are the Advantages of trial balance?
A trial balance is a listing of all business accounts and their balances. Common business accounts include but are not limited to: cash; accounts receivables; prepaids; property, plant and equipment; accounts payable; bank loans; taxes payable; shareholder loans and equity. A trial balance should show the debit and credit balances in all accounts and should add to zero. Maintaining a trial balance allows you to immediately check the balances of all of your accounts and can help you to find some errors in your entries. Trial balance will be "out of balance" (ie. not add to zero) if you make one of the following errors: If you accidently forget to book one side of an entry; If both sides of the entry are not booked at the same amount; If you accidently book the part of the entry as debit when it should be credit or visa versa.
What report lists accounts and their balances in which the total debit balances should equal the total credit balances?
Trial Balance
Can creditors remove their accounts from your credit report?
no, it should stay on your credit report for life.
How can I achieve a 720 credit score?
To achieve a 720 credit score, you should make all your payments on time, keep your credit card balances low, avoid opening too many new accounts, and regularly check your credit report for errors.
Should I close all old credit card accounts that have 0 balances?
yea if you dont want bad credit
What negative credit report records should I stay away from?
A negative credit report record can decrease your credit rating and also keep you from getting approved for credit cards and financial loans. It can make you pay more in interest and security deposits. You should avoid late obligations, charge offs, collection accounts, high credit card balances, too many recent applications for credit. or personal bankruptcy.
What should you do to get paid collections off your credit report?
If the account is legitimately yours, then you cannot legally have it removed from your credit report. However, if you paid the collection account off, it should be reported as paid on your credit report. Still, the accounts will not be removed from your credit report for 7 years.
What are considered good credit numbers and how can I achieve and maintain them?
Good credit numbers typically fall within the range of 700-850. To achieve and maintain good credit, you should pay your bills on time, keep your credit card balances low, only open new credit accounts when necessary, and regularly monitor your credit report for errors.
Is the closed auto loan showing on my credit report?
To find out if the closed auto loan is showing on your credit report, you can request a copy of your credit report from one of the major credit bureaus - Equifax, Experian, or TransUnion. The closed auto loan should be listed under the accounts section of your credit report.
Do credit card companies by law have the right to periodically do a credit report on you?
You bet your credit report they do. That is their right ... Banks and Credit Unions will also do this periodically if they so feel inclined. If one is paying all their bills on time and have no delinquent accounts or have their credit cards maxed out, then they should have nothing to fear from a credit report query.
Reasons to Check your Free Personal Credit Report?
Over the past few years the importance of having a good credit history and score has increased dramatically.� Because of this it is more important than ever to review your free personal credit reports on a regular basis. � While they may not provide you with your consolidated score, a free personal credit report will tell you what accounts are open, what your outstanding balances are, and what your payment history is.� If you find that some information is inaccurate, you should contact the creditors immediately to ensure that the information is changed and that any fraudulent accounts are closed immediately.�
How to read a credit score effectively?
To read a credit score effectively, you should understand that a higher score indicates better creditworthiness. Check for any errors on your report, pay bills on time, keep credit card balances low, and avoid opening too many new accounts. Regularly monitoring your credit score can help you track your financial health and make informed decisions.
If a person was sued many years ago for child support but recently the arrears were suspended by the court can this be removed from their credit report by going through a dispute process?
I believe credit accounts are not removied from your credit report unless they are not your accounts (fraud) to being with. The credit bureaus should be able to notate that the account has been suspended, cleared, or paid in full with regards to that account. You can also place a message of your own in your credit report that anyone can see when they pull your credit. Also, accounts are not deleted from your credit report until they run their course. It can be 7-10 years depending upon what type of collection account it is.
