answersLogoWhite

0

Care One is a debt consolidation service that negotiates with your creditors to reduce your debt. Debt reduction never looks good on your credit report because it signals to creditors that you have not paid your previous debts in full. However, most people who are deep in debt rightly prioritize getting out of debt over having a good credit rating. Also, credit reports only go back seven years, so eventually negative items will drop off your report.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Free credit report with out credit cards?

Credit reports determine your credit score based on your credit card usage. Without a credit card, you'll be unable to obtain a credit report. If you are of age, it is best to obtain a credit card and use it responsibly in order to build good credit. Good luck!


If you authorize someone else to use your credit card and that person does not have good credit does that affect your credit score?

No they don't care, so long as the expenses on your credit card are paid.


What credit cards are highly rated by Consumer Reports?

The Chase Sapphire Preferred Card is top if you have a good credit rating, Capital One Venture Card is a popular choice and the Capital One Secure MasterCard is good for those with bad credit.


How can one get a free credit report?

Free credit reports can be had on various websites. Annualcreditreport and Quizzle are both good places to look for a free report without needing to provide credit card information.


What are some quick ways to establish good credit?

Get a credit card, small loan, car loan... You need to get something that reports to the credit beauros. They will decide when you pay or dont pay to give you a score.


How credit card affect the society?

when credit card is not good


What is credit card pos?

credit card pos = credit card point of sale.


Can getting a secured card help improve your credit rating?

A secured card is only as good at improving your credit rating as it is at reporting your payment history to the three major credit bureaus. You need to be sure that a secured card issuer reports back to the bureaus or it will be useless as a tool for helping you improve your credit rating. If the issuer doesn't report your good payments then you have lost one of the main ways of improving your credit in the first place.


What are the requirements of applying for a credit card?

There are many requirements to applying for a credit card. The biggest requirement is having a good credit score. Without a good credit score, one cannot get a credit card.


what is a good credit card rate?

A good credit card rate depends worldwide. However, a good credit card rate would range from 6% to 8%. But a credit card rate of 5% is more than what most credit card companies ask for. As for Visa, can be from 11% to 20%, depending on the type of card that you are applying for under the company.


Do you have to have exceptional credit to be approved for an American Express card?

You do not have to have exceptional credit to be approved for an American Express card. It is good to have a good credit rating for this card for better rates, but it is not necessary.


What is the benefit of a good credit report when applying for a Capital One credit card?

A good credit report means that one who applies for a Capital One credit card can get a better deal. First, with a good credit report one can get an unsecured card instead of a secured card. Depending on how good one's credit report is one can get better features, lower interest, and maybe even a platinum card.