2006-10-09 12:03:22 · 6 answers · asked by that guy 2 in Business & Finance ➔ Credit
YES, i will show
2006-10-10 01:16:09 · answer #1 · answered by sing i 2 · 0⤊ 0⤋
It depends how you do it. If you refianance a mortgage or consolidate a student loan it shows everything as paid in full. If you go through credit counseling it shows as a charge off.
2006-10-09 12:38:29 · answer #2 · answered by Jim C 5 · 0⤊ 0⤋
Yep...because it shows up as a new loan, and all the other accounts will have been closed at the same time as the new loan was opened.
It's not nessarily a bad thing though....because it shows that you are taking steps to manage your debt properly.
2006-10-09 12:08:22 · answer #3 · answered by Dolphin lover 4 · 1⤊ 0⤋
no not really it just will show your existing balance were paid off the same time you received the loan, any mortgage broker can put 2 and 2 together but it will not affect you negatively
2006-10-09 12:17:56 · answer #4 · answered by ? 3 · 0⤊ 0⤋
I believe it does in some way. Probably in a favorable way because it indicates to the powers that be your management and downsizing, if you will of your debts owed.
2006-10-09 12:08:11 · answer #5 · answered by Anonymous · 0⤊ 0⤋
They told me no,but the sad thing is yes,it will show on your report really bad.
2006-10-09 14:05:01 · answer #6 · answered by colorado 3 · 0⤊ 0⤋