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Would it be better to have a 3 year old charge off reported 'settled for less than full amount' or wait until you can pay the full balance?
It depends on when the account was last reported on the bureaus and other current action. Is this account being actively collected? If so, is that action particularly stressful to you? Any issues of stress levels, aggravation and conscience would have to be considered. If the account has a last reporting date within the past 12 months, it is having the largest impact on your credit scores. If it is not being updated to within that time, you need to be aware that paying or settling MAY cause the status to be changed as of today's date (month/year). The best course of action is always to negotiate with the collector or credit grantor to remove the account from your credit report completely in exchange for payment, or settlement. That way you stop all further collection, pay your debt and clean up your credit.
What else can I help you with?
Is it better to pay the current balance or the statement balance on my credit card?
It is generally better to pay the statement balance on your credit card rather than the current balance. The statement balance is the amount you need to pay to avoid interest charges, while the current balance includes any recent transactions that may not be due yet. By paying the statement balance in full and on time, you can avoid accruing interest on your credit card debt.
Is it better to pay the statement balance or the current balance?
It is generally better to pay the statement balance in full each month to avoid interest charges.
Why do banks charge Minimum balance fee?
The bank incurs certain expenses in maintaining our accounts and providing the banking services. By fixing a minimum balance, the bank can be sure of the amount of money it can have in its reserves and plan its cash flows better.
If your credit report shows a repossession with zero balance but 350 dollars is several years past due should you contact the creditor now?
i would be ready to NEGOTIATE the CR part before I called. For such a small amount due, it would be reasonable for Chry to make some kind of adjustment on whats reported to the CRAs.maybe an attorney could negotiate better than you?? good Luck
Why is it unwise to pay minimum credit on your credit card?
Paying only the minimum due on your credit card balance maximizes the amount of interest you will pay to the credit card company. This is why it is better to pay as much of your balance as you can each billing cycle - it saves you money by reducing the amount of interest you pay. Also, depending on the terms of your credit card agreement, paying the minimum can actually make your principal balance increase. The minimum payment may not cover the amount of interest due.
Is it better to pay the current balance or the statement balance on my credit card?
It is generally better to pay the statement balance on your credit card rather than the current balance. The statement balance is the amount you need to pay to avoid interest charges, while the current balance includes any recent transactions that may not be due yet. By paying the statement balance in full and on time, you can avoid accruing interest on your credit card debt.
What happens in nasscom if you abscond from a job?
Its better you talk to the Hr and get the matter settled either by paying the settlement amount or you take a proper approval so that you can avoid getting blacklisted in NASSCOM
Is it better to pay the statement balance or the current balance?
It is generally better to pay the statement balance in full each month to avoid interest charges.
How do you get better balance?
Lifting
Why do banks charge Minimum balance fee?
The bank incurs certain expenses in maintaining our accounts and providing the banking services. By fixing a minimum balance, the bank can be sure of the amount of money it can have in its reserves and plan its cash flows better.
Do sit ups require balance?
Yes, they do. It's because balancing will help most amount of the core muscle fibers be constructively affected and therefore, better results.
Is it better to pay off your balance in full or to keep a low balance and which will better your credit score?
Pay it off in full.
If your credit report shows a repossession with zero balance but 350 dollars is several years past due should you contact the creditor now?
i would be ready to NEGOTIATE the CR part before I called. For such a small amount due, it would be reasonable for Chry to make some kind of adjustment on whats reported to the CRAs.maybe an attorney could negotiate better than you?? good Luck
Why is it unwise to pay minimum credit on your credit card?
Paying only the minimum due on your credit card balance maximizes the amount of interest you will pay to the credit card company. This is why it is better to pay as much of your balance as you can each billing cycle - it saves you money by reducing the amount of interest you pay. Also, depending on the terms of your credit card agreement, paying the minimum can actually make your principal balance increase. The minimum payment may not cover the amount of interest due.
Which Gender better balance?
girls have a better balance than boys because of their body shape. that is why there are more girl dancers than boys
How can border dispute be settled with china?
because ! research better niggroo boo
Is it better to pay the statement balance or the current balance on my credit card?
It is generally better to pay the statement balance on your credit card rather than the current balance. This helps you avoid interest charges and maintain a good credit score.
