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How is it possible for a 22 year old student loan drop off your credit report then come back at a later date?
Oh, dude, it's like this magical thing called credit reporting. Sometimes those pesky student loans can drop off your report if they're not being reported regularly, but they can totally come back if the lender decides to start reporting them again. It's like a yo-yo, but with your credit score. So, yeah, keep an eye out for those sneaky loans making a comeback.
What else can I help you with?
Does taking out a student loan one year and then another a couple of years later without signing a second promisary note result in a new loan or an addition to the old loan on the credit report?
It will appear as an additional loan on yoru credit report, even if issued under the same MPN as a previous loan.
Can a negative balance of a checking account that was later charged off in a house at a credit union be reported on a credit report?
Yes. You violated the terms of the financial agreement and as such are demonstrating your irresponsibility as a credit risk. That is the purpose of credit reports to a credit bureau. It exists to report your history as a credit-worthy individual.
If you have already made an agreement with collection agency can you later renegotiate a lower payment amount due to income changes?
You can try, however if they agree then this will change the date on your credit report. Meaning: It will stay on your credit report even longer.
Why do some items on your credit report never come off?
{| |- | AnswerSome things like filing for a bankruptcy never come off easily from your credit report as such an incident is considered as you are not able to manage your finances and lenders later see this as a risk.|}
How do you challenge your credit report?
HI: My credit report had an address for sending a challenge letter. I think it was in real small print on one of the pages. Later, I looked on the web site of the credit company and there was a way to do it online. I really did not expect a positive result since we seem to have so little control over these credit reports. What a surprise many weeks later when I got a letter saying that the negative entry had been removed. I would try writing a letter to the company and explaining the mistake. In my case, a collection agency was sending me bills for an old dental bill that was not mine. I found out that they are required to send you documentation supporting their claim. I asked for documentation and they never sent it. Later, the unpaid bill appeared on my credit report. By the way, the government requires the big 3 credit report companies to provide us with a free annual credit report: https://www.annualcreditreport.com/cra/index.jsp Beware of websites that offer a free report if you sign up for a free trial of their credit protection. They wait until the free trial expires before sending the report and you end up paying for a month of 'protection'. Hope this helps.
Is it possible for a credit card charge to show up days later on your statement?
Yes, that's perfectly normal.
What should you do if you find there is inaccurate information on your credit report?
Notify all three credit reporting agencies, get confirmation of correction(s), and subsequently follow-up three months later to ensure that neither refreshes the others. Remember that a person is entitled one free copy of their credit report per year; just use it.
If your van was repossessed then you paid off the balance a year later can your creditor refuse to report the current status of your account to the credit bureau?
Yes, however you can easily take care of this and have your credit reports corrected.
When does the seven years start if there is a credit card debt on your credit report and the card was opened in 1999 but the reported last activity was 2001?
2001. Always go by the later dates of payment, delinquency, etc.
How debit and credit related to transactions?
A debit is taken straight from the money you have in your bank account. A credit is taken, then the cost billed to you. With a debit, you pay now with no interest. With a credit, you pay later with possible interest added to it.
If a student is dis-enrolled and readmitted at a later date the program requirements and transfer credit awards?
may change based on program requirements at the time of readmission
How do you get a bankruptcy from 1988 removed from your credit report?
It should have come off no later than 1999/2000. First make sure that it is on your credit report in a place that a lender may see it. Some CRAs send individuals a "complete" report that may not be avail. to creditors or potential creditors. You can also contact the CRAs directly. Experian, Trans-Union and Equifax are the CRAs.
