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Yes it will I had someone do that for me and it helped alot Yes it can help your credit IF you're sure to make all payments on time. You can not afford to miss not one. I stress -- You Must make EVERY Payments On Time in order to improve your negative credit history. By this person being nice enough to apply for an extra credit card for you, it gives you the opportunity to add positive reports to your credit profile. On the same token, if you default, then it can hurt the persons credit who is trying to help you. If you stay consistent for 12 months or more, then you should see a significant improvement to your credit profile.

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16y ago

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Where online can someone find their credit score?

One could find the credit score online, on such websites as: My Credit Rating, Equifax, Annual Credit Report, Privacy Guard, Money Extra and Check my File.


Does making extra principal payments to your mortgage have any affect on your credit rating?

Yes, it will shorten the time in which the mortgage is on your credit report.


What credit card company gives extra credit after three months?

There are no companies that give extra credit after three months. First of all, credit cannot be associated with credit cards. Second of all, if one is referring to rewards, then most extra bonus rewards come from purchases within the first 3 months, not after.


Do payday loans put negative impact on what if your credit rating?

Many citizens meet their little, but extra cash requirement with the help of payday loans and have to pay back the loan usually between two and four weeks. You get some extra cash from the selected credit lender and you have to pay off the loan when you get your next payment. Getting payday loans are very easy with the help of the internet. Payday loan lenders check out the past credit standings of loan applicants and that are why payday loans affect your credit profiles. The credit rating is not an important factor while applying for these loans. Loan borrowers have to give their basic details to the credit lenders to get the approved money credited into their bank account. Lenders apply penalty charges on loan applicants if they don't pay off the loan at the fixed time. Payday loans carry much higher interest rates than standard loans. All those persons who fail to pay back the loan on the fixed time report to credit agencies. The number of main credit agencies is 3 and it calculates the credit rating of each and every person. If you don't repay a loan at the fixed time, lenders put heavy late fines and your credit score goes down. Borrowers face difficulty getting approved for loans if they have problems with their credit rating.


How does making extra payments help improve my credit score?

Making extra payments on your debts can help improve your credit score by reducing your overall debt and lowering your credit utilization ratio. This shows lenders that you are responsible with your finances and can help boost your credit score over time.

Related Questions

Where online can someone find their credit score?

One could find the credit score online, on such websites as: My Credit Rating, Equifax, Annual Credit Report, Privacy Guard, Money Extra and Check my File.


Does making extra principal payments to your mortgage have any affect on your credit rating?

Yes, it will shorten the time in which the mortgage is on your credit report.


What is the ISBN of Extra Credit?

The ISBN of Extra Credit is 1416949291.


How do you say 'extra credit' in french?

credit extra


What are some extra credit things you can do for an assignment?

You would have to ask your teacher about extra credit assignments.


What are the release dates for Extra Credit - 2010?

Extra Credit - 2010 was released on: USA: 18 October 2010


How many chapters are in the book 'Extra Credit'?

112. http://www.amazon.com/Frindle-Andrew-Clements/dp/0689818769


What is Wiz Khalifa's song with Soulja Boy?

Extra Extra Credit


How to ask for extra credit in a respectful and effective manner?

To ask for extra credit respectfully and effectively, approach your teacher politely and explain why you believe you deserve the opportunity for extra credit. Show that you have put effort into your work and are committed to improving your grade. Be sure to ask for extra credit in a way that is considerate of your teacher's time and policies.


Could you give me a sentence with credit in it?

"Johnny did extra math problems last night so he could earn extra credit."


How do you get extra credit?

Not all teachers will give extra credit assignments. You need to ask each teacher whether you can get credit for extra work, and if so, what should you do for extra credit. If you just want extra practice work, there will be questions and work in each chapter of your textbook - you can also go online or to the library and look up other textbooks on the same subject and work those problems. Many teachers will give extra credit for a good written report, especially if you include pictures or diagrams.


What credit card company gives extra credit after three months?

There are no companies that give extra credit after three months. First of all, credit cannot be associated with credit cards. Second of all, if one is referring to rewards, then most extra bonus rewards come from purchases within the first 3 months, not after.