Improving Your Credit Rating

If the card is paid off and you aren't using the card, that doesn't mean you should close the account; in fact, doing so can hurt your credit score (i.e., the score that tells companies whether you are a good candidate to loan money to). These companies, when they look at your credit report, want to see a few things:

1) Do have a history of credit being extended to you? They want to see a long history, which is why you should NEVER close the account for the credit card you've had the longest, even if you never plan to use it again: keeping the account open keeps it on your credit history, showing that you've have credit for a while.

2) Do you have multiple types of credit (credit cards, mortgage, car loan, cell phone, student loan, etc.)? They like to see a mix

3) How much of your credit do you use? They like to see that you use no more than around 30% of the credit available to you. For example, let's say you have two credit cards--one with a $10000 limit, one with a $20000 limit--and so, you have $30000 of available credit. You owe $5000 on the card with a $10000 limit and $0 on the $20000 card. That means you're using about 17% of your available credit ($5000 of $30000). That's fine. But let's say you close your $20000 card. Now, all of a sudden, you're using $5000 of $10000 in available credit--50%. That looks horrible--like you are living beyond your means, getting by on credit, even though you owe THE EXACT SAME AMOUNT OF MONEY as you did when you had $30000 of credit. But, by closing the account, you jacked up your debt ratio past 30%, making you look like a poor manager of credit. People will be less likely to offer you credit now, and they'll offer you worse interest rates when they do.

In other words, paying off the card is sufficient. Just make sure you don't run up additional credit card debt that you can't pay off in full every month, or all your hard work will have been for nothing.

This difference in stress scale scores might predict that John is experiencing a high level of stress while Charlie is experiencing a low level of stress. John may be more at risk for negative health outcomes related to stress, while Charlie may be more resilient to stress. It's important to consider individual factors and context when interpreting these scores.

Erving Goffman is credited with drawing attention to the meaning individuals attach to their behavior, focusing on how people present themselves and interpret the actions of others in everyday social interactions.

A civil judgment can generally stay on your credit report for up to 7 years in Montana. This timeframe is governed by the Fair Credit Reporting Act. It is important to note that the impact of the judgment on your credit score may lessen over time as it gets older.

In Texas, civil judgments can appear on your credit report for up to seven years. However, if the judgment remains unpaid, it can continue to negatively impact your credit report until it is resolved. It is important to address any civil judgments promptly to avoid long-term credit consequences.

Lexington Law improves credit scores by identifying and disputing inaccurate or questionable items on credit reports, such as errors or outdated information. They work with credit bureaus and creditors to address these issues and help clients establish positive credit behaviors. Over time, this can lead to an increase in credit scores.

Lexington Law is a credit repair company. Their attorneys work to find items on your credit report that are having a negative effect on your overall credit score. In addition, they offer consulting and coaching to their clients.

In South Carolina, a civil judgment can stay on your credit report for up to seven years from the date it was filed, as per the Fair Credit Reporting Act (FCRA) guidelines. This can negatively impact your credit score and ability to secure credit or loans during that time period. It's important to address and satisfy the judgment to prevent further credit implications.

Three score and 9 centuries would be 3 X 20 + 9 = 69 centuries, or 6,900 years. A score is simply 20, just as a dozen is 12. A score of years would be 20 years, four score and seven apples would be 4 X 20 + 7 = 87 apples.

A judgment will remain on your credit report until it is paid. If you have paid it, take the receipt into the court that issued the judgment and get it marked paid. It may take awhile for the credit reporting agencies to make the change, but you can send each a copy of the paid receipt and a letter which may help shorten the time. Meanwhile, keep a copy of that receipt.

The timeline for moving out after an unlawful detainer varies by state, but it typically ranges from 5 to 10 days after a court judgment is issued in favor of the landlord. It's important to carefully review the specific laws applicable to your situation.

Yes, an unlawful detainer judgment can negatively impact your credit score. It may appear on your credit report as a negative item, leading to a decrease in your credit score and potentially affecting your ability to secure future loans or rental accommodations.

Credit scores are calculated based on several factors, including payment history, amounts owed, length of credit history, new credit accounts, and types of credit used. These factors help lenders assess the risk of lending money to an individual. Each factor is weighted differently in the calculation of the credit score.

No, checking your own credit score will not impact your score. However, when lenders or creditors do a hard inquiry on your credit report to evaluate your creditworthiness, it may cause a small temporary decrease in your credit score.

The information comes from your credit history: credit card and loan records, medical bills that have not been paid, student loan records, housing records, etc. that is reported to credit recort companies.

The information on your credit report is not that private and can be seen by anyone running a background or credit check on you. The reports try to be as accurate as possible, but errors do happen. That is why it is recommended that you request a credit report annually to check for errors.

You can remove inquiries from your credit report by directly contacting the credit reporting agencies and requesting that the inquiries be removed. If there are any unauthorized or inaccurate inquiries on your report, you can also dispute them with the credit bureaus to have them investigated and potentially removed.

According to the Fair Credit Reporting Act, any individual or business who has a legitimate business need can check a person's credit report. The term "legitimate business need" covers insurance companies, credit card companies, lenders, landlords, government agencies and other companies or organizations that you are doing business or about to do business with.

Those who request your credit report for reasons other than a "legitimate business need" shall be penalized and jailed.

You will also be able to see everyone who has accessed your credit report. It will be listed on your report itself and is considered as a hard inquiry. Hard inquiry means that points will be deducted off your credit score.

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An "investigative consumer report" is a detailed form of a credit report that involves interviews with your neighbors or acquaintances about your lifestyle, character, and reputation.

Investigative consumer reports may be used in connection with insurance and employment applications. You'll be notified in writing when a company orders such a report. The notice will explain your right to request certain information about the report from the company you applied to. If your application is rejected, you may get additional information from the credit reporting agency (CRA). However, the CRA does not have to reveal the sources of the information.

No. They cannot sue you just because you are 65 years old or older.

Yes - They can sue you, if you owe them money

Identity theft is a type of fraud that involves using someone's personal information to access credit or open accounts in their name without their permission. This can result in financial loss for the victim and damage to their credit history.

A credit investigator is a professional who assesses an individual's or company's creditworthiness by obtaining and evaluating their financial history, identifying any potential risks or discrepancies, and providing reports to assist lenders in making informed decisions about extending credit. They may work for credit bureaus, financial institutions, or as independent consultants.

Yes, the barrel on a Remington Model 48 shotgun does move back into the loading chamber when fired. This movement is part of the semi-automatic cycling action of the shotgun.