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How would a collection of 230 affect a person with 50000 in available credit and 730 score?
Wiki User
∙ 18y ago
Your credit score can be decreased by having collection accounts listed, a judgment, late payments or if you have too much available credit. If you have that much credit, you would want to contact the credit issuer to lower your credit limit. Your debt should never be more than 35% of the available credit. Timely, consistent payments to your creditors and low credit limits will help increase your credit score.
Wiki User
∙ 18y ago
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Can marriage affect your credit score?
yes, cause if one person decides to go bankrupt because you guys are having money problems it can affect your credit score to, not just their credit score.
If you authorize someone else to use your credit card and that person does not have good credit does that affect your credit score?
No they don't care, so long as the expenses on your credit card are paid.
Can a person co sign more than one loan?
Yes if you have available credit, but it also takes away from your available credit and you are responsible for the loan. I would advise against it.
Who is responsible for credit card debt?
Generally, the person that signed up for the credit card is responsible. If any users were added to the account, they are also responsible. This include joint accounts. You cannot inherit credit card debt. So, do not believe a collection agency when they tell you that. See the FDCPA for your rights in debt collection.
If someone files for bankruptcy and another person is linked to one of their credit cards will it affect that other persons credit?
Not really, if Person B is just a person who received an additional card with access to that account. Person A is the person's whose credit is on the line for the account. Person B is in no way liable for the account because Person B is not part of the credit card agreement. The bankruptcy will not affect person B. Now the reason I say "not really" is because that account will be closed and Person B will no longer receive the benefit of having this account on their credit report as an authorized user. There may be a slight decrease but only from the general closure of an account.
How many free credit checks are available every year?
According to FTC regulations each person is available to get one credit check each new year. These may be obtained from all three credit collection companies and should also include your score.
Can marriage affect your credit score?
yes, cause if one person decides to go bankrupt because you guys are having money problems it can affect your credit score to, not just their credit score.
If you authorize someone else to use your credit card and that person does not have good credit does that affect your credit score?
No they don't care, so long as the expenses on your credit card are paid.
If someone is renting a house that is NOT in their name and the owner of the house has a lien filed against them how does that affect the renter and their credit?
It would not affect your credit at all because you are merely the tenant and are renting the property. Since you do not own it, and the owner is the person that has the lien filed against them, it will not affect you or your credit.
Can a person co sign more than one loan?
Yes if you have available credit, but it also takes away from your available credit and you are responsible for the loan. I would advise against it.
Who is responsible for credit card debt?
Generally, the person that signed up for the credit card is responsible. If any users were added to the account, they are also responsible. This include joint accounts. You cannot inherit credit card debt. So, do not believe a collection agency when they tell you that. See the FDCPA for your rights in debt collection.
Where can a person obtain Christmas banners?
You can get Christmas banners from BannerBuzz. They also have other banners available, and free shipping. They have a huge collection of banners available.
If someone files for bankruptcy and another person is linked to one of their credit cards will it affect that other persons credit?
Not really, if Person B is just a person who received an additional card with access to that account. Person A is the person's whose credit is on the line for the account. Person B is in no way liable for the account because Person B is not part of the credit card agreement. The bankruptcy will not affect person B. Now the reason I say "not really" is because that account will be closed and Person B will no longer receive the benefit of having this account on their credit report as an authorized user. There may be a slight decrease but only from the general closure of an account.
Will court judgment affect credit rating?
It will appear in the public records portion of the CR and it most definitely will have a negative impact on a person's credit score.
Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?
The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.
If you filed for bankruptcy four years ago while previously married and you remarry how will it affect your new spouse's credit?
It will have no affect on her credit. Only the person(s) who are a party to a bankruptcy have it noted on any crediting reportage.
If you leave the US with credit card debt will you have a problem establishing credit in a European country?
Possibly. Although creditors cannot force the collection of debts (lawsuits) outside of the US it is not necessarily true that a person's credit history cannot affect them outside of the US. Most large US banks now have branches all over the world, therefore if you applied with a lending institution of that type your US credit history could be accessed.
