What happens when the credit bureau is contacted for a bill that was past due?

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What happens when the credit bureau is contacted for a bill that was past due?

Will I have bad credit? Can I improve my credit over time?

2006-10-30 05:03:25 · 3 answers · asked by curiousgeorge 2 in Business & Finance ➔ Credit

3 answers

Yes, it will show as bad credit and yes of course you can improve your credit over time. Time is the key word.

2006-10-31 15:39:20 · answer #1 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋

This will effect your credit, and take your score down some, it will however fall off your credit after 3-5 years depending on what type of bill it is.

2006-10-30 13:05:14 · answer #2 · answered by Virginia Gal 3 · 0⤊ 0⤋

usually nothing at first. Just make sure you contact the company ASAP and make payment arrangements

2006-10-30 13:14:52 · answer #3 · answered by lefty 4 · 0⤊ 0⤋