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Yes. If they extend the line of credit to you, and you do not activate it, it will still show up on your credit report.
What else can I help you with?
Will balances still appear on your credit report after taking out a loan for your sister and letting her use your credit cards if she can't get credit on her own and you have to co-sign?
Yes, as a cosigner you will be responsible for the debt, so it will reflect on your credit report.
Is there still a past due amount on your credit report after foreclosure?
The foreclosure will be on your credit report indefinitely.
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.
If someone left the country 10 years ago with credit card debt and bad checks what can they expect upon their retun?
The best advice is to get a copy of your current credit report. This will show you a bounty of information such as any money still due, money that companies have written off etc. If your open accounts still reflect a balance, paying them off will help your credit score. A free credit report is available once a year from all three credit bureaus at annualcreditreport.com.
What happens to a credit card debt after 7 years?
After 7 years, most credit card debts are typically removed from your credit report due to the Fair Credit Reporting Act, which limits the reporting of negative information to seven years. However, this does not eliminate the actual debt; creditors can still pursue collection efforts or legal action to recover the amount owed. Additionally, while your credit report may no longer reflect the debt, it can still impact your creditworthiness if you have unpaid collections lingering. It's important to address any outstanding debts even if they fall off your credit report.
Will balances still appear on your credit report after taking out a loan for your sister and letting her use your credit cards if she can't get credit on her own and you have to co-sign?
Yes, as a cosigner you will be responsible for the debt, so it will reflect on your credit report.
Is co-signer's credit affected if loan is not approved?
The cosigner evidently didn't have great credit either, since the loan didn't get approved. It will still reflect on the cosigners credit report that they applied for a loan. Multiple inquiries will reduce your credit score.
Is there still a past due amount on your credit report after foreclosure?
The foreclosure will be on your credit report indefinitely.
1099 c is received and the debt is cancelled Does it still remain on your credit report?
If 1099 c is received and the debt is cancelled means that it still remains on your credit report.
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.
If someone left the country 10 years ago with credit card debt and bad checks what can they expect upon their retun?
The best advice is to get a copy of your current credit report. This will show you a bounty of information such as any money still due, money that companies have written off etc. If your open accounts still reflect a balance, paying them off will help your credit score. A free credit report is available once a year from all three credit bureaus at annualcreditreport.com.
What happens to a credit card debt after 7 years?
After 7 years, most credit card debts are typically removed from your credit report due to the Fair Credit Reporting Act, which limits the reporting of negative information to seven years. However, this does not eliminate the actual debt; creditors can still pursue collection efforts or legal action to recover the amount owed. Additionally, while your credit report may no longer reflect the debt, it can still impact your creditworthiness if you have unpaid collections lingering. It's important to address any outstanding debts even if they fall off your credit report.
If you have good credit history with some credit cards will they still show that on your credit report and that you paid on time after filing chapter 7?
It depend on the individual credit card companies if they report on your credit history or not, like some department store credit cards may not show on a credit report
Your credit report shows a collection with a DLA of 0502 is this still valid?
If you are responsible for that item, then, yes, it can stay on your credit report--probably indefinitely.
Its been 19 years and something is still on credit report?
If it has been 19 years and something is still showing on a credit report, you can request to have it removed. Contact the three credit reporting bureaus and ask all of them to remove it for you.
If you don't activate your credit card do you still have to pay anything?
NO. I had a credit card for 6 months before i actually activated it, and there were no former charges!
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.
