0
If you pay off your bad debt does this bring your credit score up?
Wiki User
∙ 16y ago
No - if you had bad debt on your credit it has already been effected in a negative way however, it will be adjusted once it has been updated of the paid off debt.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Will sharing a lease with someone that has bad credit bring your credit score down?
Yes
Is 629 a bad credit score?
629 is not a bad credit score, but it is not great either. A credit score of 629 means you have a medium credit risk. You probably won't have trouble getting a loan or a credit card, but you may not get the best interest rates or terms. You should focus on building your credit history and improving your credit score by making on-time payments and keeping your debt levels low.
What is a bad credit score?
425 is a bad credit score.
Can one use debt consolidation to receive a loan if one has a bad credit score?
There are some financial institutions that will loan money to those with a bad credit score for debt consolidation. To get the best rates and have the best chance of success, it would be best to put something valuable up for collateral.
Your husband wants to put you as a second cardholder on his credit card you have a bad credit score as you were in debt a few years ago Will you be able to be the second card holder?
Yes because he is responsible for the debt, not you.
Will sharing a lease with someone that has bad credit bring your credit score down?
Yes
Does your credit score drop at a certain age?
credit score is not based on age but how you handle your credit....handling your credit well and your score goes up.....handle your credit bad, as in having a lot of debt and not paying on time brings your score down.
Is 629 a bad credit score?
629 is not a bad credit score, but it is not great either. A credit score of 629 means you have a medium credit risk. You probably won't have trouble getting a loan or a credit card, but you may not get the best interest rates or terms. You should focus on building your credit history and improving your credit score by making on-time payments and keeping your debt levels low.
Are debt consolidations bad for your credit score?
Yes, debt consolidations can be a negative factor on your credit reports. Though it is probably worth it to consolidate your debt rather than go deeper into debt, which will hurt your credit even more.
Advice on how to help my bad credit score.?
To help improve your credit score, you must pay off any debt that you have incurred on a credit card. Then you must limit your spending so that you do not fall back into debt and to show that you are serious about bettering your financial condition.
What is a bad credit score?
425 is a bad credit score.
Will a new loan to combine all my debt really increase my credit score?
yes, a new loan that combines all of your debt will actually increase your credit score. it wil help give you a much better credit score regardless of how it looks currently and evn if its bad this should help. Debt loans are a good idea because they can help you pay off your debts and this makes for abetter credit score and rating.
Can one use debt consolidation to receive a loan if one has a bad credit score?
There are some financial institutions that will loan money to those with a bad credit score for debt consolidation. To get the best rates and have the best chance of success, it would be best to put something valuable up for collateral.
Your husband wants to put you as a second cardholder on his credit card you have a bad credit score as you were in debt a few years ago Will you be able to be the second card holder?
Yes because he is responsible for the debt, not you.
How do you raise your credit score from 581 to 700?
To raise your score, you need to pay your bills on time every month, try to remove any bad debt that you have, and limit new credit inquiries.
Is 650 a bad credit score?
The credit score 650 is really not that bad. With a 650 credit score you can finance a home or car.
How does one improve their bad credit score to get a loan?
You can improve your credit score in order to qualify for a loan by paying all of your bills on time, reducing your debt to income ratio and checking your credit report to make sure there are no errors.
