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Most cases, negative items can stay between 5-7 years on your credit report. Henry
What else can I help you with?
What happens to a home mortgage if the co-signer does not file bankruptcy but has credit problems?
It will have no affect on the mortgage as long as the lending terms are met by the primary borrower.
How long does a default notice stay on your credit file?
All negative information stays on your credit file for anywhere from 1-6 years. The credit reference agencies onlyhold information for six years, whether positive or negative.
If you are not the primary person on the mortgage is you credit rating affected?
As long as you are on the mortgage it will show on your credit report and effect you credit no matter if you are the primary, secondary or co-signer
Can you obtain a home equity loan on a family home that does not have a mortgage?
Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.
How long will credit card default affect your credit?
7 years, no more than 10.
What happens to a home mortgage if the co-signer does not file bankruptcy but has credit problems?
It will have no affect on the mortgage as long as the lending terms are met by the primary borrower.
How long does a default notice stay on your credit file?
All negative information stays on your credit file for anywhere from 1-6 years. The credit reference agencies onlyhold information for six years, whether positive or negative.
If you are not the primary person on the mortgage is you credit rating affected?
As long as you are on the mortgage it will show on your credit report and effect you credit no matter if you are the primary, secondary or co-signer
Can you obtain a home equity loan on a family home that does not have a mortgage?
Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.
How long will credit card default affect your credit?
7 years, no more than 10.
How long does bad credit affect your credit score?
as long as your credit file contains negative information it will always impact your credit score
What is the effect on your credit rating immediately after you get a mortgage?
You must have some sort of valid credit rating in order to get the mortgage to begin with (unless you went through one of those "last chance" guys that charge 25% on the principal) and as long as you don't default on any payments your credit rating can only go up. The rating is a reflection of your ability to pay off debt. Getting a mortgage will affect any future amounts you may wish to borrow only in regard as to the amount. You can only carry so much debt based on your income, regardless of how fabulous your credit rating may be.
If you have a credit card with a balance and you haven't used it in a year and cancelled it would that have a negative affect on your credit rating?
Not as long as you don't default in the payments.
How long takes to affect your credit the late payments on your house?
The lender is likely to report this to the credit reference agencies within a week of the default
How can I refinance my mortgage with a credit union?
To refinance your mortgage with a credit union, you can start by contacting the credit union and inquiring about their refinancing options. They will guide you through the application process, which typically involves providing financial information, undergoing a credit check, and meeting their eligibility criteria. If approved, the credit union will help you refinance your mortgage at a potentially lower interest rate, saving you money in the long run.
How long after you file bankruptcy can you put claims to remove from your credit?
It stays on your credit report for ten long years and they won't remove it.
How can one apply for a credit card when already has a mortgage in the UK?
As long as one is not behind on their mortgage payments, one should not effect the other. If one hasn't been making payments they will likely not be accepted for a credit card.
