You need to actually decrease the outstanding balance owed to creditors for it to
really impact your credit score.
Not exact matches
It wasn't until I was required to get a
credit check to secure my first apartment that it occurred to me I didn't
really know a whole lot about my
credit score — a
score that was going to
impact whether I was able to move into an amazing apartment with my friends.
How big of an
impact your
score has on whether you can get a new
credit card
really depends on what you're applying for.
This may seem like an obvious solution, but it can
really have a positive
impact on your
credit score, especially if your
score is
really low.
I wonder how many
really know their delinquency history especially married couples who share
credit cards and therefore
impact each other's
credit scores.
While seven years (or even just two) can seem like a long time to wait for a clear
credit report, it probably won't
really take that long to see the
impacts on your
credit score start to diminish.
But, what they
really worry about is the
impact of filing a bankruptcy on their
credit score / profile.
The way this
impacts your
credit score really depends on how your
score was when you applied for bankruptcy, it will affect different ranges differently.
Santa Clarita Renters Insurance falls into about the same range, even though California doesn't use
credit scoring — the absence of that rating factor hasn't
really had much of an
impact on prices in California.