If you begin making payments to an account thats on your credit report will they take it off your cred report?
Answers: Accounts on your credit report will remain on there until they are paid/closed. Once they are paid off though they will still remain on your credit report for a period of time (I believe it may be seven years but not too sure).
nope ... I'm guessing you're talking about making up missed payments (trying to correct a bad report) You can only request the change from the company that holds your account. I had a Dr who reported me (I sent all the paperwork to the transunion etc as well as the Dr and the collection agency my account was turned over to and none of them would correct the report, and it was paid up, the problem was a compensation issue from an accident, the dr said we wouldn't be billed then he billed us, we made a few payments then he turned over the account to a collector but never reported the first payments (so even with the bill and all the checks I couldn't clear it up - so I gave up trying)
So good luck sometimes you can get the companies to remove a bad report if you make ammends.
Nope! Unless you can nitpick it and find an error in the way it is reporting (wrong amount, wrong chargeoff date...) and if you do find a mistake and it is a collection agency make them remove it. Seriously, check how the account is reporting on all 3 main credit reports and if it isn't reporting exactly the same way work on getting it removed.
Account good or bad stay on your reports for 7 years IF they are reporting correctly.
If you won the $10,000,000.00 lottery what would you do with it?
Answers: Travel travel travel! As soon as this semester of university is over (yes, I would finish school) I'd be over in Europe somewhere for a couple months travelling by myself... then maybe on a Caribbean cruise with some friends... aaah if only!!
Pay off my credit cards and bills. Then enjoy a really good shopping spree!
Should I capture a secured credit card?
Back in college, I have phenomenal credit; up until I ran into a tough spot, and have to pretty much live off credit cards for a couple years (long story). Things get really bad, and I begin missing payments, and my credit got completely fukt.I get a job, own been at indistinguishable company for 3 years now, compensated all my credit cards sour (canceling many along the way), and am very soon rebuilding my credit. I applied for a credit card, but I guess it's still messed up, because I got denied. They offered me a Secured credit card instead.
I merely applied for the credit card because I'm trying to rebuild my credit. I be in the hole for $30,000, and I busted my as$ to pay envelope it off over the ending three years, but it looks like my credit is fukt for 7 years from those past due payments back contained by '04. I'm beginning to cogitate I should have in recent times declared bankrupcy while the laws be still in our favor.
So, folks, if I want to rebuild credit, should I get a secured credit card?
Answers: Secured cards are a well-mannered place to start to rebuild credit. They do report to the bureaus, and within some instances will even approve you for one of their own brand of unsecured card after a set period enunciate 6 months (example).
I'm going to sound similar to a broken record but here go.. Why did you apply for credit without first checking your credit reports and FICO evaluation!!??!! So go catch your credit reports and since you know they are bad don't bother paying for your evaluation just but. Then remove all dated addresses and any incorrect personal info on the reports. Once you achieve the corrected reports back later go through and ask the CRAs (such as TransUnion...) to verify adjectives of your negative accounts. Do this on colored composition and handwritten. Do not give them any info! It is their mission to correctly report the info they have on you. Simply write 1. Please "verify" tale #xxxxxx with company XYZ as I do not sanction this account. Continue right down the rank with adjectives the negative accounts. After you receive the corrected reports hindmost go through next to a fine toothed comb and see if each reason is reporting the exact same way on adjectives 3 reports. If not figure out what is wrong and distribute in another dispute unfolding them the xyz is wrong (don't tell them what it should be, thats their problem). You'll enjoy to then at duplicate time send a missive to the creditor telling them you don't make out the account base on what is reporting, please "validate"
This will take a few months but will be ably worth it!! IF the secured card does not have an annual charge then yes run for it. If it does have an annual allowance look into something else like a WalMart card after you verbs up your reports. WalMart may start you very low close to $75 but will increase if paid in good time about every 4-5 months. National City have a secured card that has a low annual charge of $36 that is charged at $3 per month so it's not too discouraging.
Its never a bad opinion to get a secured card when you enjoy no other choice.
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Yes you should. But you have to really create it clear that you want to repair your credit. You should not use more than you can afford, and be able to total your minimum payment within order to brand name it work. Read more about the pros and the cons of a secured credit card: http://creditaccountcard.info/2008/01/17...