My company distrubutes credit cards to managers for co. expenses.  I turn my bill in timely for approval, but my regional vp does not approve timely thus making my payments late to the credit card company.  Does that go against my personal credit rept and reduce my credit score?
211350
If the card is in your name with your social security\nnumber, yes it could hurt your credit rating.  Check with\nyour employer, or call the credit card company and find \nout.
158930
I don't believe it is fair.  There could be something on your credit report that is there erroneously.  Plus, on top of that, each time a company runs your credit it shows up as an inquiry on your report & that makes it look like you are applying for credit all over the place.  Then when you actually apply for credit, the credit issuing agency sees all the inquiries & that has a bearing on whether you are approved or disapproved for future credit.
255752
You may be seeing the drops during these particular times due to the beginning and middle of the month is when most creditors update their information. Then this offsets factors like aging & utilization.  You may find it helps to pull towards the end of the month after most of your creditors have updated. \n\nIf you subscribe to a service that provides pulling a 3-in-1 (tri-merge) of your reports daily, you can begin to take notice of when creditors update their information. Become familiar with their patterns. That will allow you to know when it is a good time to buy your score. \n\nFor me, I know around the 26th of the month is the time for me to buy my scores if I'm going to because 95% of my accounts will have been updated by then. Since my mortgage doesn't update regularly, I personally don't buy my scores during those periods that it hasn't updated.
114333
The new minimum payment rules are not a law, they are just a guideline issued by the Office of the Comptroller of the Currency (OCC) which is the part of the US Federal Government that is responsible for regulating the credit cards industry.\n\nAlthough I don't know exactly what the rules say word for word, any minimum payment on a credit card should now be at least 1% of the balance plus any fees (such as late fees, ATM fees, or over-the-credit-line fees) and any finance charges (interest).\n\nMany credit card companies, however, have set their payments somewhat higher than this minimum requirement.  It also depends on whether it's a personal card or a business card.  Citi Cards commercial account minimum payments are now 3% of the balance plus fees & finance charges.\n\nIt's important to realize that if your account is current and you don't have a lot of late fees or ATM charges, then your minimum payment won't be going up very much at all.  Also, the new rules impact people who only pay the absolute minimum each month.  If you already pay more than the minimum, you probably won't notice a difference at all.\n\nIt's up to the credit card company as to when the new payments will start, but I believe the "grace period" is up some time this year.  Your credit card company will send you (or has already sent) a "change in terms" notification letter either in with your statement or in a separate envelope.  If you're not sure if you're on the new payment terms yet, call your card company and ask.
194520
Depends on the job, if you are applying for a job that gives "company credit cards" to their employees for expenses. I promise you they will run it, and your hiring will be determined whethere you have good enough credit. \n\nMost check it though to get a "better" look at who the applicant is as a person. We CC check people here, to see how responsible they are in their personal life. Now, having said that, Yes, there is a difference between a late pay here and there, and someone who is "chronic" bad pay.\n\nIts just another way someone can guage who/what you are all about. Lets face it, interviews all sound the same. People give the same "dont want to give a bad answer" response.
560200
Contact any trucking company dealing with this and ask them if they are hiring for a driver or loading boy.  Maybe you would be lucky enough to get hired there.  Do you know why people build good credit?  So when they want to open their own business and don't have any down payment money their good credit vouches that they are dependable and can be accounted for.  If you don't have neither the money or the credit-who do you think will trust you even with one dollar? That is why they keep saying-pay your bills on time and never be late, you will need your good credit some day.   Well, apparently you thought that it was some kind of a joke ah!
253160
Here is how the game is played....\n\nIf you pay off your debt, you still have to deal with that negative report on your credit.\n\nPlacing "paid" on it does NOT remove  negative information such as late fees or that it went to collections.  Those who tell you otherwise are lying or ignorant.  I've counsoled many, many people who made the mistake of paying off debts, hopeing to get their credit improved, only to see it barely helped at all.\n\nThe ONLY person who can edit/delete credit information is the creditor to placed that information there.  And it's very unlikely you will get their cooperation once you have paid the debt.\n\nTherefore, before you pay them a dime, get IN WRITING that they will remove all negative information from your credit report.  Don't pay them a dime unless they do!\n\nRemember, you are trying to fix your score.  Why pay them if it's not going to help you out?  \n\nUse the sample letters below and write a negotiation letter.
116686
First let's dispel a myth about credit.\n\nLet's say you have a major credit card with a $2,000.00 limit and you charge $2,000.00 every month and when you get you statement you pay it in full. You will not have any late charges but your credit file will show that you owe the credit card company the full amount of your credil limit which will lower your score.\n\nIf you want the highest score possible make sure you credit card has as close to a zero balance(definitely not more than 50% of your credit line) when it is the end of your statement cycle. This is what is reported to the credit bureas.\n\nAlso, watch out for credit reporting lag, i.e. you pay off your credit card in March but the zero balance may not show up on your credit report for 60-90 days.\n\nAlso be careful, because some credit card companies are now not reporting credit limits to the credit bureaus but only high credit.\n\nIf you haven't checked out your credit reports go to www.annualcreditreport.com and you can get all 3 for free and it won't lower your score.\n\nOnly get your credit scores from www.myfico.com/12 because that is the real FICO score that lenders use. Plus you will get the top 4 reasons that your credit score isn't higher and that will give you a game plan. All of the other scores advertised on the web are worthless.
529412
You are finding out the trap I've been trying to tell people for years now.....\n\nJust because you pay off a collection account does not mean it will improve your credit score.  All they are required to do is report that the bill is paid, but all information about late payments and charge offs will remain on your report.  You paid the bill but it's still hurting you!  Is that fair?\n\nNote that there are only two ways a negative report can be deleted from your records.\n\n1) The creditor must delete it\n2) The creditor fails to respond to a dispute investigation from the credit bureau.\n\nSo, as Amanda states, you can file a dispute with the credit bureau and HOPE that the creditor doesn't respond back.  But this doesn't happen that often, especially if it's a large collection agency.  They are wise to this game.\n\nAnd once you have paid this bill, you are going to find it extremely difficult to get the collection agent to help you.  But this may be your only way to get this fixed.\n\nSend them a letter and ask them to delete the report.\n\nIn the future, NEVER pay a collection agent unless they agree IN WRITING to delete the negative information from your history.  Don't pay them a dime until they do!
433545
Sadly, the bills with the biggest additional penalty get paid first, the nice guys with minimal or no  penalty got delayed payment.\n\nIf it is a really nice creditor, call  and tell them when you will pay, and do it.
544788
If they're in your name only, you will be held responsible in the eyes of the credit card companies.  You need to contact an attorney.
106949
Without knowing which specific creditor you're inquiring about it there is not going to be a definate answer. From experience GEMB, Juniper, some Citi, & Target generally report the first half of the month. Household bank generally reports about 10 days after the billing period. American Express reports typically one week following the reporting month. As far as you wanting to pay below 40%, why wait until the due date is approaching? Why not submit payment now? Waiting until due date will allow the creditor to report the outstanding balance at payment closing. If you go ahead and pay down then the next report they send to the reporting agencies will be less therefore allowing for less utilization for reporting. Also for what it's worth, FICO is known to prefer utilization to be below 30% not 40%.
438368
Don't cancel your cards. A large portion of your credit score is based on the percentage of revolving credit available. In english it is the percentage between your credit limit and your balances. i.e If your credit limit is $100 and your balance is $10, your percentage available is 90%, credit score goes up, on the other hand if your limit is $100 and your balance is $90, now you only have 10% available, credit score goes down. It, however does not help you if you do not use the cards, it doesnt hurt, either. My recommendation would be to randomly use the other cards to keep their status active, but pay the balances off at the end of the month to avoid accrueing finance charges. But don't close them, that will actually pull your score down. \n---I've been a Finance Manager for 12 years.
395576
You will have to read the information that the credit card company sends you. The way it is applied can vary by company and depends on if you pay the bill in full or not. They may divide the rate by 365 and apply it daily or divide it by 12 and apply it monthly.
434089
hi, yes i've ha position like that, and in my opinion the best way to go about it is\n 1) make sure you print your latest a/r report (updated with any pmts that just came in that day)\n   2) based on your report if any of your customer pmts are past due (eg, past due 30days) call them\n 3)be friendly say, 'i'm calling to follow-up on payment status, to see when we will receive your next payment'  (most customers are nice, but if you get a grouchy one ignore him/her, and continue being calm and professional) \n 4) if they say that they'll send a payment next week, then say 'may i call you then to get a check number?',  or if they don't tell you when they'll make a payment --then remind them what your company's credit policy is  \n5) make sure to write down 'everything', time/date of conversation, name of person you spoke with and his/her title, and any info they provided you with. \n\n You'll do great, good luck, hope this helped
350320
Check with your BK lawyer before doing anything. As far as Cap One goes... I dont adv anyone to go to them just simply cuz I work at a credit reporting agency and they are the number one creditor for reporting things wrong like balance and late dates.  Doesnt mean its like that for everyone I've just seem a lot of neg things from them.
563925
There is probably a state law that says you cannot be penalized for being 15 days late, but that does not mean your payment is on time. It is late it if it is due on the 1st of the month and not received by them on that date. And payment means payment; a personal check is not payment\n\nIf you are 3 months late, they will start foreclosure, and they don't have to wait 15 days for the 3d month because your most recent payment due is well over 15 days late.\n\nThey can also report it to a credit reporting bureau as a late payment.\n\nToo many people confuse a grace period with a do-not-have-to-pay-by date. Taint so.