0
Add your answer:
Earn +20 pts
What is credit analysis?
Credit analysis is a study by a credit analyst where -- based on the loan application and the available info from 1, 2, or 3 credit bureaus -- she analyzes and attempts to predict how responsible the prospective borrower is in the use of credit. In other words, whenever a prospective borrower applies for a loan, a credit analysis is done, in order to discover A) What the prospective borrower's payment history is, B) How much credit has been already extended to him, and C) If he has the capacity to repay the proposed loan under the terms of the most likely loan agreement.
How to pass the entry against credit note in our accounts?
In order to credit a customer in the account, a credit note must be issued. After that is done, a journal entry can be made to indicate the credit.
Obtaining a report from the credit bureau can be done how?
There are many ways one might obtain a report from a credit bureau. The website, Annual Credit Report is the most reputable and does not require a credit card.
What does it mean to transfer credit card balance?
To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.
How long is a credit history visible?
The information on the credit report is available up to seven years, both positive and negative. Some collection agencies though can fulfill your request to remove a negative collection in return for a full payment and a lot of people have done this despite it being illegal. The best that you can do to balance out a negative collection is to improve on other aspects of your report. I found ways to do that here http://www.myfreecreditreportx.com/how-to-improve-your-credit-score-fast
How do you check the credit history of a foreigner?
The information from a credit history doesn't transfer. So what has to be done before the person moves is to get a U.S. bank account and try to establish some credit.
Can you gain fast business credit?
One of the best ways to gain business credit is by establishing your business credit profile using one of the key business credit reporters. You can build business credit by demonstrating a responsible payment history and solid cash flow. Whether or not this can be done quickly depends on your business credit history.
What are some suggestions on how to buy a car with no credit history?
Buying a car with no credit history is best done by bringing along a pay stub as proof of employment. Many auto dealers will work with a customer at that point.
Lawyer remove dismissed bankruptcy from credit report?
Nope...can't be done. The credit report MUST list accurately your history. We live with the history we make. BK is a matter of public court record and that will not change either....
Is a credit check done on property or the persons name?
On the person whether a natural person or a corporation. Properties are checked for liens or other encumbrances on the title of the property.
What can be done to build credit history after filing bankruptcy?
After filing bankruptcy, it is extremely important to be very careful to pay bills in full and on time. Missed payments or carrying credit card balances can negatively impact credit scores.
How do you reverse a bad credit history after you paid a debt?
You can write the three credit reporting agencies and report the debt as paid. Usually, the debt holder will write them for you, but you should check that this has been done.
What do all the History textbooks present?
History textbooks present history as 'clean'. The textbook tries to make the United States and our heroes as never having done anything unpleasant, unheroic, or doing unethical deeds.
What is a soft credit report apposed to a hard credit report?
The nomenclature generally used in the credit report industry is usually "hard pull" and "soft pull". A hard pull of your credit history is done when a potential lender retrieves your credit file on your behalf for the purpose of deciding whether to extend credit to you or not. A soft pull is done when you want to pull your own report for review purposes only or when a lender checks your credit without your permission (perhaps to pre-qualify you for a credit card offer).
What is the best way for people with bad credit to get credit?
The best way for people with bad credit to get credit is to rebuild their credit score, this can be done by clearing off past due bills and bad debts, how ever responsible users can avail of department store credit cards or some credit card companies will offer people with bad credit score history a special credit card.
How to clean up credit report after bankruptcy?
Keep in mind that a bankruptcy will affect your credit score. What you must do now is add good credit e.g. secure credit cards and maybe a secure loan will increase your credit score within 2 years. Your credit scrore primarily judge consumers on what they have done within the last two years. If you add good credit, your score will increase.
How can you start to clear your credit?
Whats done is done. If your accounts have gone into collection you might as well let me be and wait the period out. I would recommend that you attempt to reestablish yourself with new credit. Open 2 secured credit cards and make sure that you make your monthly payments on time. The biggest factor in credit scoring is recent payment history. If you have collections or other delinquent accounts within 24 months those are still affecting your score. The best remedy is time and reestablishment. Start off small and stay on track and your credit problems will be history.
