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How long does bad credit affect your credit score?
as long as your credit file contains negative information it will always impact your credit score
How long before a loan shows in your credit score and how many points will it increase?
typically, a credit score will go DOWN a little when you get a loan or have any inquiries on your personal credit information. The credit score usually goes up after there are reports that you have made timely payments on a loan and after you have some assets that are of real value.
How long will credit inquiries remain on your credit report?
2 years
Does my applying for a credit card affect my spouse's credit score?
no it doesn't as long as you both don't at the same time.
How can payday loans affect your credit score?
Payday loans can be use to affect your credit score positively, but this must be done carefully and other types of loans may be better for long term rehabilitation of your credit score. However, payday loans can also affect your score negatively if you consistently use them and don't get out of debt entirely, as being in debt affects your credit score (and not making progress getting out of it).
How long does bad credit affect your credit score?
as long as your credit file contains negative information it will always impact your credit score
How long do Hard inquiries stay on a credit report?
Hard inquiries stay on a credit report for about two years. While they may impact your credit score in the short term, their effect on your score diminishes over time. Multiple hard inquiries within a short period can signal to lenders that you are taking on too much debt.
How long before a loan shows in your credit score and how many points will it increase?
typically, a credit score will go DOWN a little when you get a loan or have any inquiries on your personal credit information. The credit score usually goes up after there are reports that you have made timely payments on a loan and after you have some assets that are of real value.
How long will credit inquiries remain on your credit report?
2 years
Does my applying for a credit card affect my spouse's credit score?
no it doesn't as long as you both don't at the same time.
What information goes into a credit score and what information does not?
your bill payment history, the number of accounts you have and what kind, how long you have had your accounts open, and your recent credit activity.
How can payday loans affect your credit score?
Payday loans can be use to affect your credit score positively, but this must be done carefully and other types of loans may be better for long term rehabilitation of your credit score. However, payday loans can also affect your score negatively if you consistently use them and don't get out of debt entirely, as being in debt affects your credit score (and not making progress getting out of it).
How long does it affect your credit score if you do not pay your credit cards?
As long as you are not able to pay on time your credit cards and you are not maintaining a good credit payment schedule, your credit score is affected. Therefore, you must pay or settle all your accounts with your credit card in order to have a good credit score. There are ways on how to do this. Search online , there are sites that give honest and effective advice.
Will my credit score affect my debt relief options?
Your credit score will not affect available debt relief plans so long as you go through a non-profit credit consolidation agency. There are many scams out there, so non-profit is the only way to go.
Would closing a credit card damage my credit score?
Yes closing a credit card can damage your credit score. But as long as everything else is good it should not affect you credit rating to much. Look for tips to keep a good credit card rating.
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.
How long does an inquiry stay on your credit report?
An inquiry can stay on your credit report for up to two years. However, the impact on your credit score typically lessens over time, with recent inquiries having more of an effect than older ones.
