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Do department store credit card accounts get reported to credit reporting agencies?
Yes! Of course they do! Store credit cards don't really come from the store. The money is usually borrowed from some bank. SEARS for example, deals with Citibank. So, if I owe $500.00 on my SEARS credit card, I have to pay it back to Citibank, not to the store.
Only if the card has a credit bank logo example, Visa logo, MasterCard.
What else can I help you with?
Does closing a savings account affect your credit report?
No. If you personally close your bank accounts, it will not be reported to any of the credit reporting agencies. However, if your bank closes your savings account due to negative activity on the account, such as overdrafts, NSFs, etc.. they will be reported to CRAs.
Who can report delinquent accounts to credit reporting agencies?
Any creditor you owe money to can report your delinquent accounts. Generally utility companies and cell phone providers will only report if you have an unpaid balance. Credit cards, mortgages and installment loans are 99.99% of the time reported.
What are the three nationally approved credit reporting agencies?
The three major credit reporting agencies in the US are Equifax, Experian, and Transunion. Most credit information will be reported to all three agencies. However, sometimes information will be found on only one report.
Do lenders have to report to credit agencies the same time each month?
No. Lenders don't "have" to report to credit agencies at all. Credit reporting is totally voluntary. There is no law which requires or compels it. The Fair Credit Reporting Act states that IF information is reported, then it must be accurate. But there is no provision that insists on reporting.
What is the purpose of the major crime reporting programs?
1. The purpose of major crime reporting programs is to keep track of all the crimes that are reported in the country by local law enforcement agencies.
Would taking a loan from your current 401K account to pay off your credit card affect your credit history?
No. Loans from 401(k) accounts are not usually reported to credit reporting agencies, so it should not affect your credit history favorably, or negatively.
The two types of reporting isolating events are observer-reported and media reporting.?
Observer-reported events are firsthand accounts by individuals who directly observed the event. Media reporting involves news organizations delivering information about events to the public. Both types of reporting play crucial roles in informing the public about isolated events.
How often does your credit report get updated?
Credit information is forwarded to the three major credit reporting agencies by lenders and creditors, so the exact reporting varies. Usually it is reported monthly. This makes it important for consumers to have access to credit information on a regular basis.
What happens to your credit if you let a bank repossess your RV?
You will be reported to ALL 3 credit agencies, and reported to chexsystems. You will most likely be unable to open any new loans or bank accounts.. including savings accounts, debit cards, credit cards, etc.
Are The two types of reporting isolating events are observer-reported and media reporting?
False
What is the minimum amount reported that can be reported for collection?
i have been reported a bunch but on every one of my accounts i only been reported 3 times then an account bann so im quesing you can only get reported 3 times and thanks to Jason skullblood and Julia stardreamer for reporting me (y should their even be reports
You paid a collection in 2000 and it shows up in your credit report as last reported October 2004 is this legal?
It's nothing to do with "legal". They are simply a reporting agency. If you have proof, i.e, the statement of payment with the correct date, you simply send the reporting agency a certified copy of the letter and they will correct it. A recent statistic that I read was that over one third of all accounts at credit reporting agencies have errors in them. Please note that there are three credit reporting agencies. Once you fix that one, send to the other two to get them fixed as well. Then get a credit report (you are allowed one a year free from all three agencies) and verify that all three have done their job. Wait at least two months for this. Good luck.
