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Earn +20 ptsQ: How do credit card companies use a persons credit report?
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Do credit card companies report cash payments?
No, credit card companies do not typically report cash payments.
Do credit card companies report cash payments to the IRS?
No, credit card companies do not report cash payments to the IRS.
Do credit card companies report cash payments to credit bureaus?
No, credit card companies do not typically report cash payments to credit bureaus. Only credit card transactions and payment history are typically reported to credit bureaus.
Do credit card companies report individuals' financial information to the IRS?
Yes, credit card companies do not typically report individuals' financial information to the IRS.
If you add second person to credit card will it show up on their credit report?
Yes, it does show up on that persons credit report. If you are late on payments, it will negatively impact his/her credit report.
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