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anthony
Joined: 31 Jul 2006
anthony's page
Posts: 550
13573 Magic Points
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Mon Oct 27, 2008 9:28 am
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Hi Kathy
If the card that is going to be closed by your credit card grantor has a good credit history and is very old, it will affect your credit score. This is because 35% of the credit score depends on your credit history and 15% of your credit score depends on the length of the credit history. However, if the card is closed by grantor, you should ask the credit bureaus to change the status of the listing to "closed by grantor" if it is listed as "closed by customer" in your report.
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Anthony Marx
A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible. |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 4007
1224 Magic Points
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Mon Oct 27, 2008 2:32 pm
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Is there a certain amount of time that goes by that a current payment status will start reflecting positively in your numbers?
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Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1498
111 Magic Points
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Subject: debt
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Mon Oct 27, 2008 2:39 pm
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| Also..here's a question. If you have an 'un-paid' balance on a CC, and you KNOW it's on your CR, if you pay it off, will this make your CR look a bit better? The % rate, on a CC just got too much for me. I still get letters for the balance due. I mean...........it's been a while since I paid on it. But..what I'm asking is I know that debt probably lowered my score. But......the older the debt is, will my score go up? I hope you understand what I mean, cuz I'm not sure if I'm asking this right. |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Mon Oct 27, 2008 10:57 pm
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GN...not postive about this but it usuallt takes a few payments.Is your fashion bug card registering yet? If not give it a couple months due to back billing and see if it shows up then.
SD...I read that here somewhere that the older the debt is the less damage it does to your report. Also paying off a debt once it reaches your report doesn't do much good if any at all. Thats why I had told you in another post that if this debt is past SOL...keep the money in your pocket and wait for it to fall off. |
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