Your credit card company will report you to one of the three credit agencies, Experian credit bureau, Equifax credit bureau, and TransUnion credit bureau.
7 years
No.
Credit card bills affect the credit rating in that the late payments will show on the report and points will be counted against you. Once you have paid, make certain that the three credit reporting companies note that it has been paid; eventually the account will age and become a positive for you. This is since it will show available credit that you are not using.
There are many pre-paid cards and secured credit card options for those that have poor credit.
Your credit card company will report you to one of the three credit agencies, Experian credit bureau, Equifax credit bureau, and TransUnion credit bureau.
When you apply for a credit card a credit report will be ran and those credit cards you haven't been paying will be on that report. So I say no.
7 years
A motorcycle that was paid for on a credit card can not be repossessed considering the credit card company paid the dealer. You must pay the card company back though or they can take you to court.
Presuming it is a deductible expense, they are reportable when paid by the credit card, or any other method.
No.
He is correct in New York it is 6 years. If she paid it by credit card she should be able to get a copy of the statement showing she paid it. There is a time limit called the statute of limitations on collections, which is usually 7 years. However, if your wife paid the bill, this whole issue can be resolved by showing the credit card statement indicating payment. If you don't have the statement, contact the credit card company.
The legal age to get a credit card in Canada is 18 years old. Those under 18 can become secondary cardholders on someone else's account or get a pre-paid credit card.
Credit Card, Gift Card, or Pre-paid Card.
Credit card bills affect the credit rating in that the late payments will show on the report and points will be counted against you. Once you have paid, make certain that the three credit reporting companies note that it has been paid; eventually the account will age and become a positive for you. This is since it will show available credit that you are not using.
There are many pre-paid cards and secured credit card options for those that have poor credit.
The best way to build credit is to purchase a pre-paid credit card. These cannot be overdrafted yet they report to the three credit bureaus, therefore building credit for you.