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What else can I help you with?
Does debt consolidation lower your credit?
Debt consolidation does not lower your creditworthiness. There are some creditors who may contact the credit bureaus and make a notation on your credit report indicating that you are undergoing credit counseling. But this is a neutral notation and does not lower your creditworthiness. However, individual creditors may look at this notation differently. Some may view it negatively and thus it may have an impact on your creditworthiness. Some creditors may view seeking help as a good sign that you are taking responsibility. It all depends on the creditor and his views. Many adopt a neutral position.
Can you make a deal with creditors?
Yes but when trying to do so you should understand that you will have to pay the creditors something until the debt is settled and it is best to get a 3rd party to mediate and negotiate the deal. Alternatively you could go bankrupt - and that would void the debts BUT with a serious blemish to your future creditworthiness.
Do all creditors have access to banking information?
Creditors do have access to your information that shows up on various credit reports.However, unless you sign an authorization, they can not access your individual bank information.
Can the bank tell your tenants your personal information about your loan?
No, your creditors, even your potential creditors are prevented by Consumer Trade laws from discussing your information with anyone not specifically authorized by you.
Why a business need creditors?
Why a business have creditors
What is debtors and creditors?
Loaners and borrowers
What three types of information do creditors use to determine a prospective borrower's creditworthiness?
well, theres corinary, which is how many of your family members are alive, and what their jobs are. theres resiedntial, where you live and how you live. and the personality clause, which is weather you creditor likes you enough to lend the money
Does debt consolidation lower your credit?
Debt consolidation does not lower your creditworthiness. There are some creditors who may contact the credit bureaus and make a notation on your credit report indicating that you are undergoing credit counseling. But this is a neutral notation and does not lower your creditworthiness. However, individual creditors may look at this notation differently. Some may view it negatively and thus it may have an impact on your creditworthiness. Some creditors may view seeking help as a good sign that you are taking responsibility. It all depends on the creditor and his views. Many adopt a neutral position.
After a promotion how do you increase your listed income at the credit bureaus?
Credit bureaus don't usually keep that information. You provide it to prospective creditors when you apply for a loan or credit card.
What requires creditors to provide borrowers with a complete written account of credit terms and cost?
Truth in Lending Law
Can you make a deal with creditors?
Yes but when trying to do so you should understand that you will have to pay the creditors something until the debt is settled and it is best to get a 3rd party to mediate and negotiate the deal. Alternatively you could go bankrupt - and that would void the debts BUT with a serious blemish to your future creditworthiness.
Who collects the information of which credit scores are most frequently based?
Credit bureaus collect and maintain information that is used to calculate credit scores. These bureaus gather data from various sources such as creditors, lenders, and public records to assess an individual's creditworthiness. The most widely used credit bureaus in the United States are Equifax, Experian, and TransUnion.
Do all creditors have access to banking information?
Creditors do have access to your information that shows up on various credit reports.However, unless you sign an authorization, they can not access your individual bank information.
Who are the primary users of financial accounting information?
creditors
Can the bank tell your tenants your personal information about your loan?
No, your creditors, even your potential creditors are prevented by Consumer Trade laws from discussing your information with anyone not specifically authorized by you.
What is the Repossession laws in Hawaii?
In Hawaii, creditors can repossess vehicles without court order if the borrower defaults on the loan. However, they must do so without breaching the peace. Borrowers have the right to cure the default before the repossession occurs. Creditors must provide notice before selling the repossessed vehicle.
What is most likely to be a user of information in a managerial accounting setting?
Creditors
