If you have other outstanding debts it won't make a difference. If that was the only one in arrears, it will stay on the CR but will be maked "paid". Which is better than "settled".
yes
You can get an increase by paying your bill on time for at least 6 months, late payments can result in credit limit and credit score decreases. You can also lower your credit utilization.
Yes, especially if the arrangement is with a debt collection agency and not the original company. That you're paying the bill is good, but the history of having trouble paying it and the bill going into collections will be reported on your credit history.
"Vanquish Credit Cards help improve your credit score in a few very simple ways. The first is that they help you find and correct whatever is wrong with your current credit score. Second is they help you chose a credit card that works for you, starting with low maximums that you can raise by simply paying your credit card bill on time. Vanquish tries to provide easy ways for you to obtain good credit, even something so simple as registering for electoral roll. As long as you pay the credit card bill on time, and do not go over your maximum you'll see yourself building a new and improved credit card history and credit score in no time!"
Having him as an authorized user on your credit card won't impact your score, however if he uses the card and doesn't pay the bill then your score will be impacted. Being an authorized user is one way to help jump start his credit, but it will impact you if he is responsible for paying the bill and doesn't pay it on time (obviously). Keep in mind that while this will boost his score in the short-run, an actual "credit history" of his own is what lenders are looking for, so eventually he will need to get his own credit. Also, if you co-sign for him on a car in the future this WILL impact your score, as it will show as 100% on your credit and 100% on his credit. And it will also mean that if you want a car loan of your own he may have to sign with you (or someone else), because car lenders will loan 1 car for 1 income and if you already are on a car loan you will need someone else's income to justify 2 car loans.
paying off your credit card bill
Yes. Bill payments can affect your credit score.
yes
Do you know how to get your credit score? It is simple to do. There are actually several credit agencies that you can call to receive your credit score. The credit agency representing the bill that you are paying should be listed on the bill. There will be a number to call to get your credit score either mailed to you or they may give it to you over the phone. Look online for free credit scores. But beware; although it may say free credit score, it is usually only a free trial.
Yes, a medical bill is like anyother bill and it will drag down your credit score like if you didn't pay a credit card or auto loan.
You can get an increase by paying your bill on time for at least 6 months, late payments can result in credit limit and credit score decreases. You can also lower your credit utilization.
If you are looking to get a cell phone plan, having poor credit may require the cell phone company to collect an upfront deposit from you. Not paying your cell phone bill on time will go on your credit report with unsatisfactory results. However, always paying your cell phone bill, and always paying it on time will not get reported to the credit bureaus; and thus will not positively affect your credit.
Yes, especially if the arrangement is with a debt collection agency and not the original company. That you're paying the bill is good, but the history of having trouble paying it and the bill going into collections will be reported on your credit history.
It is very important to pay an online credit card bill. By paying an online credit card bill on time every month, a person will always make sure that his or her credit score remains high. If a person forgets to pay this sort of bill, then it may be likely that he or she has to pay some sort of late fee. A credit card company may also report one to a local credit bureau, which would mean that a person's credit score would then be knocked a lot of points for failing to make a minimum payment in a month.
"Vanquish Credit Cards help improve your credit score in a few very simple ways. The first is that they help you find and correct whatever is wrong with your current credit score. Second is they help you chose a credit card that works for you, starting with low maximums that you can raise by simply paying your credit card bill on time. Vanquish tries to provide easy ways for you to obtain good credit, even something so simple as registering for electoral roll. As long as you pay the credit card bill on time, and do not go over your maximum you'll see yourself building a new and improved credit card history and credit score in no time!"
Having him as an authorized user on your credit card won't impact your score, however if he uses the card and doesn't pay the bill then your score will be impacted. Being an authorized user is one way to help jump start his credit, but it will impact you if he is responsible for paying the bill and doesn't pay it on time (obviously). Keep in mind that while this will boost his score in the short-run, an actual "credit history" of his own is what lenders are looking for, so eventually he will need to get his own credit. Also, if you co-sign for him on a car in the future this WILL impact your score, as it will show as 100% on your credit and 100% on his credit. And it will also mean that if you want a car loan of your own he may have to sign with you (or someone else), because car lenders will loan 1 car for 1 income and if you already are on a car loan you will need someone else's income to justify 2 car loans.
Paying your bills in full is always better than paying the minimum monthly payment. When you are paying your minimum monthly payment your balance continues to grow because you continue to shop and the interest continues to be add-on and it will take years and years to pay off. (by law, the bill will show how long it will take to pay your bills, if you are paying the minimum monthly payment). That is how people get overly in debt and high balances affect your credit score. my advise is: treat credit cards as a replacement of cash, (to take advantage of the rewards/benefits of the card), NOT AS A FAST LOAN.