The word settlement is considered negative on your credit report. With a settlement, you are settling for less then the total amount due. Like bankruptcy, settlements will remain on your credit report for several years.
Debt settlement will have some bad effect on your credit. When a debt is settled for less than its full value, the creditor will note that on your credit report. The damage is much less than you'd experience with bankruptcy or default, and in most cases your credit will improve within a couple of years.
it is when you check your credit it shows you your score and tells you if it is good or bad and it is important because without it you could spend extra money on something you buy because you have a bad credit report score.
Technically, yes, but usually this is not the case. Most major companies will post the good and the bad, particularly credit card companies and banks. Other companies will only report the negative, such as utility companies, apartment rental companies, etc.
Bad credit or any negative report will remain in your credit report for seven years. Therefore, if it happens that there is a wrong information that will affect your report negatively, be sure to dispute it immediately. You can also do your own credit card repair in order to eliminate any bad credit that will be reflected in your credit report.
The word settlement is considered negative on your credit report. With a settlement, you are settling for less then the total amount due. Like bankruptcy, settlements will remain on your credit report for several years.
Debt settlement will have some bad effect on your credit. When a debt is settled for less than its full value, the creditor will note that on your credit report. The damage is much less than you'd experience with bankruptcy or default, and in most cases your credit will improve within a couple of years.
A report about your credit that is bad.
A credit check report is a good thing to have because it can see how good or bad your credit rating is. if your rating is bad it may give you tips to improve it or if its good it will tell you that you dont need to do anything.
The purpose of a free credit report is that the individual can get a report of their credit records. This way they can know what there standing is in terms of credit, and see if they have good credit or bad credit without paying any fees or services.
it is when you check your credit it shows you your score and tells you if it is good or bad and it is important because without it you could spend extra money on something you buy because you have a bad credit report score.
Technically, yes, but usually this is not the case. Most major companies will post the good and the bad, particularly credit card companies and banks. Other companies will only report the negative, such as utility companies, apartment rental companies, etc.
doing extra credit and get good grades after that report card
Your business would have to become a client/contributing member of the credit bureaus.
Bad credit or any negative report will remain in your credit report for seven years. Therefore, if it happens that there is a wrong information that will affect your report negatively, be sure to dispute it immediately. You can also do your own credit card repair in order to eliminate any bad credit that will be reflected in your credit report.
Maybe. It all depends on the bank that you go to, usually with bad credit it‰Ûªs tricky to do, but some banks will do it. It also depends on how bad your credit is. If your credit score is bad enough, nobody will give you a settlement loan.
YES! You don't have to have credit established before something bad goes on there. Anything, good or bad, that has to do with credit will show up.