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How would a collection of 230 affect a person with 50000 in available credit and 730 score?
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.
What else can I help you with?
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.
What information does a collection agency need to ruin your credit?
A collection agency does not "ruin" someone's credit. The person who defaults on their financial obligations is the one who is responsible for that. W/o certain information it is difficult for a debt to be collected or reported to CRA's. Agencies employ skip tracers who are very good at tracking down elusive debtors, so eventually they will track down the person.
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.
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.
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.
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.
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.
How you find the available credit limit for a cardholder?
ONLY the card-holder can legitimately access that information. A person's credit limit is nobody-else's business !
