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Seven to Ten years. Any bad marks on your credit history can and most likely will remain with you for 7 to 10 years before they are wiped off you record. This is why it is so very important to keep a clean credit history, pay all you bills on time, etc. One little late payment will mar your credit history for many years.
What else can I help you with?
How much should I charge on a 500.00 credit card limit so that its not bad on my credit report?
Your payment history is the most important feature for your credit report. If you have a $500 credit card, this is one that may be a "gotcha" card that will charge you for exceeding the credit limit, may add charges exceeding that limit and so on, leading you into a vicious cycle. Only charge what you can pay off entirely at the end of the month.
Who can report credit history on your credit report?
In the United States, any institution that extends to you some form of credit can report to the credit bureaus.
On a credit report is the credit score affected when the recent balance exceeds the original credit limit amount?
yes it does i have the same problem and i checked my credit report and it was not as good because of that. they only give you a limit of so much and when you owe them more then what they gave you then that means you went over the credit limit.
What is a credit report and what is a credit score?
A credit report is a list of your credit accounts with different creditors stating your payment history with them. A credit score is made up of different items on your credit report using an algorithm including payment history, credit length, debt to limit ratio, credit types, and inquiries.A FICO credit report has 5 components that are used to determine your credit score:Payment historyPercentage of available credit in useLength of time (how long each account has gone since the last action, and the age of each account has been open)Amount of new creditVariety of debt
How do credit cared companies use a persons credit report?
Credit card companies use a person's credit report to assess their creditworthiness before approving an application for a new card. The report provides information on credit history, outstanding debts, payment history, and overall credit score, which helps the company evaluate the risk of lending to that individual. Additionally, they may use the credit report for ongoing account management, such as determining credit limit increases or interest rates. This helps ensure they make informed decisions that align with their risk tolerance.
How much should I charge on a 500.00 credit card limit so that its not bad on my credit report?
Your payment history is the most important feature for your credit report. If you have a $500 credit card, this is one that may be a "gotcha" card that will charge you for exceeding the credit limit, may add charges exceeding that limit and so on, leading you into a vicious cycle. Only charge what you can pay off entirely at the end of the month.
Who can report credit history on your credit report?
In the United States, any institution that extends to you some form of credit can report to the credit bureaus.
On a credit report is the credit score affected when the recent balance exceeds the original credit limit amount?
yes it does i have the same problem and i checked my credit report and it was not as good because of that. they only give you a limit of so much and when you owe them more then what they gave you then that means you went over the credit limit.
Will a cosigner's credit history appear on your credit report?
No
Your credit history is detailed in your what?
Your credit history is detailed in your credit report. This report includes information about your credit accounts, payment history, outstanding debts, and any bankruptcies or foreclosures. Lenders use your credit report to assess your creditworthiness when you apply for loans or credit. It's important to review your credit report regularly for accuracy and to understand your financial standing.
What is a credit report and what is a credit score?
A credit report is a list of your credit accounts with different creditors stating your payment history with them. A credit score is made up of different items on your credit report using an algorithm including payment history, credit length, debt to limit ratio, credit types, and inquiries.A FICO credit report has 5 components that are used to determine your credit score:Payment historyPercentage of available credit in useLength of time (how long each account has gone since the last action, and the age of each account has been open)Amount of new creditVariety of debt
How do credit cared companies use a persons credit report?
Credit card companies use a person's credit report to assess their creditworthiness before approving an application for a new card. The report provides information on credit history, outstanding debts, payment history, and overall credit score, which helps the company evaluate the risk of lending to that individual. Additionally, they may use the credit report for ongoing account management, such as determining credit limit increases or interest rates. This helps ensure they make informed decisions that align with their risk tolerance.
What is the meaning of a credit report?
a credit report indicates your history of generating and paying debts on time.
Is a credit report the same as a credit score?
A credit report tracks your credit reliability based on your history of making payments on your loans and other debts. A credit score is a numeric value based on a weighted formula and your credit history. To find out more on both your credit report and credit score go to http://cashmoneylife.com/credit-score-credit-report-difference/
How would you find the available credit limit for cardholder?
Listed besides card on 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
What is meant by a credit report?
A credit report is a type of service that many different companies provide. A credit report means to allow a consumer to check their credit and spending history.
