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If a repo now shows up on a credit history with 'charge off' does this mean that the balance needs to be paid off even if the repo was two years ago?
Wiki User
∙ 12y ago
Yes it will need to be paid, the good news is the bank will more than likely take a settlement, and only offer to pay them the settlement if the take the repo and chargeoff off your credit, the will play ball!:) for more info on repossessions, you can goto my website at www.stoptheREPOman.com
Wiki User
∙ 12y ago
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Will you pay a higher interest rate on a poor credit loan?
Interest rates are directly tied to your credit history. The company making the loan needs to make money, so your poor credit record will cause them to charge you higher interest.
What do you do if your credit is poor and you have a bankrupty?
If your credit is poor, you will need to take the time and begin rebuilding. Start with applying for a secured credit card. Select the card that is best for your needs as multiply credit applications can lower your score. Once you receive the secured card, use it to charge small purchases, say once every couple of months, and pay off the balance in full to begin a repayment history. With any credit application, read all the rules of the card including minimum balance, minimum monthly payment, default interest rate, grace period, monthly fees [if applicable] and when the cardholder would be eligible for an unsecured credit card [can the secured be turned over the an unsecured?]
How can you find the best 0 interest balance transfer credit cards?
One will find information on 0% interest balance transfer credit cards offered at sources like Money Saving Expert or Nerd Wallet to prove very useful. They compare different credit card companies for customers to decide what credit card meets their specific needs or criteria.
The difference between the credit card services and consumer credits for various needs?
A credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services.[1] The issuer of the card grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user. A credit card is different from a charge card, where a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the shape and size specified by the ISO/IEC 7810 standard as ID-1.
What are some of the best balance transfer credit cards?
There are a wide variety of credit cards that offer balance transfers. However, the identity of the "best" is subjective and at least partially related to an one's individual needs. However, some notable companies that provide this service include CapitalOne, Visa, and MasterCard.
Will PayPal use my balance then charge my credit card if there's not enough on my balance?
If you have 100$ in your paypal balance and the thing you want to buy costs 150$. Paypal needs you to add a credit card to your paypal account before purchase. And then you can afford it. The money is charged from the credit card.
Does one need a great credit to get an ING mortgage?
"Yes, your credit score needs to be at least a 700 are have a great credit history with no charge offs are discharges.ING Mortgage does work with you to help you get your credit on track to possibly getting a mortage with them."
Will you pay a higher interest rate on a poor credit loan?
Interest rates are directly tied to your credit history. The company making the loan needs to make money, so your poor credit record will cause them to charge you higher interest.
What do you do if your credit is poor and you have a bankrupty?
If your credit is poor, you will need to take the time and begin rebuilding. Start with applying for a secured credit card. Select the card that is best for your needs as multiply credit applications can lower your score. Once you receive the secured card, use it to charge small purchases, say once every couple of months, and pay off the balance in full to begin a repayment history. With any credit application, read all the rules of the card including minimum balance, minimum monthly payment, default interest rate, grace period, monthly fees [if applicable] and when the cardholder would be eligible for an unsecured credit card [can the secured be turned over the an unsecured?]
How can you find the best 0 interest balance transfer credit cards?
One will find information on 0% interest balance transfer credit cards offered at sources like Money Saving Expert or Nerd Wallet to prove very useful. They compare different credit card companies for customers to decide what credit card meets their specific needs or criteria.
The difference between the credit card services and consumer credits for various needs?
A credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services.[1] The issuer of the card grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user. A credit card is different from a charge card, where a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the shape and size specified by the ISO/IEC 7810 standard as ID-1.
What are some of the best balance transfer credit cards?
There are a wide variety of credit cards that offer balance transfers. However, the identity of the "best" is subjective and at least partially related to an one's individual needs. However, some notable companies that provide this service include CapitalOne, Visa, and MasterCard.
How does a credit card balance transfer work?
The basic concept of a credit card balance transfer is to take the outstanding balance, or debt, owed on one credit card and moving it to another credit card. Most credit card companies offer incentives or rewards for transferring a balance to their card, such as lower interest rates or a limited period of interest free rates. One needs to open a new credit card account with the new company and go through their balance transfer process, which can differ between companies. Once the new card notifies one that the transfer is complete, one should verify this with one's old credit card, at which point the old credit card billing statement thereafter should show a zero balance.
Can someone help me compare credit cards so that I can make a choice?
You can compare credit cards to fit your needs by using creditcards.com. You can enter in your credit score, your history, and many other options that will help them match you to a card that will fit your needs. You might also find that the best credit cards are those for stores or through your own bank.
Is Depreciation Expense is reported on the balance sheet as an addition to the related asset?
No depreciation expense is recorded in the income statement. As you know though every debit needs a corresponding credit so for the amount of the debit to depreciation expense in the income statement there is a corresponding credit to accumulated depreciation in the balance sheet. Which is a reduction of a fixed asset or more of a contra account to the fixed asset account. So you'd have the fixed asset cost, a debit balance, and an accumulated depreciation account, a credit balance. These two accounts when combined represent your net book balance of your fixed assets.
How do you compare different credit cards?
Check the credit card company's profile. Select which cards have the lower interest rate. Then credit limit their credit limit. Different cards offer different credit limit. Choose a card that is best suited to your needs. The maximum total amount for purchases, balance transfers and cash advances. From this you can decide which card to choose.
Will having no credit cards or outstanding loans improve a credit rating over time or is having at least one account that is current better?
You have to have credit in order to have a credit history and a credit score. Every consumer needs at least one installment account and two revolving accounts that are managed properly for optimal points during the calculation that produces a credit score. It can be harder to get the credit you need, such as a mortgage loan, with no credit history than when a borrower has bad credit. Also, if a consumer has bad credit; positive, ongoing,accounts will offset the negative information.
