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Bad credit history takes how long to be cleared from the system?

Bad credit history is reported for seven years. Each time you make a payment on the account, the time that a creditor can report the account starts over.


What kind of account for credit cards?

A credit account


If you deposit a check in your checking account and it bounces does it affect you credit?

i dont think soo it starts affecting you if the company you gave the check to starts trying to collect from you then it might affect it. if your account got charged a issuffisiant funds fee and its negative and you dont take care of it it will go to collections and affect your credit as well.


Which credit card starts with 5455?

What credit card starts with 5455


What is the difference between debit account and credit account?

There are two main differences that stand out between a Debit Account and a Credit Account, those are;A Debit Account always maintains a Debit Balance, meaning the account increases with a Debit to that account and decreases with a Credit to that account. These are generally Asset Accounts.A Credit Account is just the opposite, A Credit Account maintains a Credit Balance, meaning that the account increases with a Credit and decreases with a Debit, these accounts are usually used for Liabilities and Owners Equity (Stockholders Equity).


Does a Credit to a liability account increases or decreases?

It increases the credit account


Which credit card starts with 5433?

What type of credit card starts with 5433


What is a checking account at a credit union called?

what is a chekcing account at a credit union


What credit means that an account has been increased?

Any credit is an increase to an account. A debit is a decrease to the account.


How can I open a checking account that builds credit?

To open a checking account that builds credit, you can look for a checking account that offers a feature called "credit builder." This type of account may report your account activity to credit bureaus, helping you establish a positive credit history. Be sure to inquire about this feature when choosing a bank or credit union for your checking account.


Is a line of credit considered a revolving account?

Yes, if the account type is considered a line of credit it will be calculated into your revolving account balance on your credit report.


How does a credit card account differ from a checking account?

A credit card account comes with a credit card, which can be used to authorize purchases of any value. The checking account does not come with a credit card and is used for issuing checks.