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not always, depends on your credit situation. keep using and paying off your credit card every month to improve your credit score

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15y ago

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How long will bad credit remain on your credit report?

Bad credit or any negative report will remain in your credit report for seven years. Therefore, if it happens that there is a wrong information that will affect your report negatively, be sure to dispute it immediately. You can also do your own credit card repair in order to eliminate any bad credit that will be reflected in your credit report.


What is bad about having a credit card?

it is not bad to have a credit card, as long as you pay your balance every month, and not skip a payment, and do not use it if you do NOT have the money to pay for it.


How do you report a bad credit card company?

Credit Cards can be an asset to your personal finances. You report your credit card company to regulatory or consumer rights agencies, if they engage in bad business practices such as abuse or unauthorized charges and contract amendments.


Can a high credit card balance prevent you from getting a mortgage?

Your debt is always taken into account. If your income can handle the credit debt and the mortgage there should be no problem. High credit card balances do not mean bad credit. Late or no payments make bad credit. Your better off with a high balance on a credit card that you pay regularly than no credit at all.


Do you have you pay to get a credit card?

Not usually, but if you have really bad credit, there are a few institutions that will give you a credit card if you have an account with them. The kicker is that you must maintain a balance in the account that is equal to the credit limit on the card.

Related Questions

Can a credit card company report bad credit on an authorized user's credit report after the death of the primary card holder?

if you are an authorized user on the card then you are responsible for the card too. so yes they can


How do you make up a bad grade on your report card?

doing extra credit and get good grades after that report card


How long will bad credit remain on your credit report?

Bad credit or any negative report will remain in your credit report for seven years. Therefore, if it happens that there is a wrong information that will affect your report negatively, be sure to dispute it immediately. You can also do your own credit card repair in order to eliminate any bad credit that will be reflected in your credit report.


What is bad about having a credit card?

it is not bad to have a credit card, as long as you pay your balance every month, and not skip a payment, and do not use it if you do NOT have the money to pay for it.


Does credit card consolidation show up on my credit report?

Yes, credit card consolidation will affect your credit score. It will show on your credit report for at least five years, it doesn't hurt as bad as bankruptcy however.


How do you report a bad credit card company?

Credit Cards can be an asset to your personal finances. You report your credit card company to regulatory or consumer rights agencies, if they engage in bad business practices such as abuse or unauthorized charges and contract amendments.


What is a bad credit report?

A report about your credit that is bad.


Can a high credit card balance prevent you from getting a mortgage?

Your debt is always taken into account. If your income can handle the credit debt and the mortgage there should be no problem. High credit card balances do not mean bad credit. Late or no payments make bad credit. Your better off with a high balance on a credit card that you pay regularly than no credit at all.


Do you have you pay to get a credit card?

Not usually, but if you have really bad credit, there are a few institutions that will give you a credit card if you have an account with them. The kicker is that you must maintain a balance in the account that is equal to the credit limit on the card.


Do you have to pay to get credit card?

Not usually, but if you have really bad credit, there are a few institutions that will give you a credit card if you have an account with them. The kicker is that you must maintain a balance in the account that is equal to the credit limit on the card.


Is over limit a bad deal for card holders and is this effecting your credit record?

A very "bad deal" the card holder will be charged with fees pertaining to the exceeded credit limit, and it can reflect negatively on a credit report.


What are the bad habits of a credit card?

Paying late Going over the credit limit Keeping your balance high