After paying all debts how long does CIBIL take to update the score?
One of the four authorised credit bureaus CIBIL in the country provides the credit score.These credit bureaus update your credit score on the basis of information, provided by bank that landed you the debts. As soon as the banks passes the information, credit bureaus update the score fast.According to many financial expert when you close your loan or pay all your debt, it take fortnight (2 weeks of time) to get your CIBIL score updated. It is suggested to check you CIBIL score after a month you have paid all your debts.When it comes to time taken on credit score improvement, depending on what the status of your score is it takes anywhere between 4 to 12 months to improve it. You will be eligible for any loan in future if your updated credit score after paying the debt are more than 700. You may practice these 5 methods to achieve a good credit score.The credit bureau takes around 30 days to rectify and update authentic errors in the report. Sometimes, it may be possible that your credit report is not updated correctly and chances of errors could be raised. To avoid such these situations it is advisable to read your credit report at your own at least for once. For this you should first know how to read and understand your CIBIL Report. You may consider the below points in order to manage and get updated with your CIBIL score.Keep a close on your credit report. This is crucial because there might be administrative mistakes, miscalculations or other errors on the report which may drag your score.In case, you find any such errors make sure to inform the authorities of the same. Nowadays you can easily check your credit score online so make sure to be regular with it.Evaluate your current financial situation and start paying the outstanding dues on loan, and especially credit cards.You may apply for a debt consolidation loan which will help you manage the finances better. It may be noted that more than the loan dues a score gets affected by credit card outstanding.Hence, make sure to use your credit card wisely. Maintain the 30% credit utilisation rule and try not to go overboard with its usage.Refrain from applying for multiple credit cards and loans as this lower your score.
How long can you typically go without paying your apartment rent if you got a 3 days notice to pay the rent or get out?
I assure you that not paying your rent is one of the worst decisions that you can make. Your life will not be the same after an eviction. It can be a very traumatic experience.Every state is going to have slightly different eviction laws but here in Ohio my company has a very large rental portfolio in the Cleveland area and this is how we handle tenants who do not pay rent.Rent is due on the 1st.Rent is late on the 2nd.We call tenants 3x day from the 5th through the 10th.We put up 3 day notices on the 10th.After the 3 day notices we file for eviction. Once we file we will no longer accept rent. At this point the non paying tenant can't pay or get out of the legal ramifications of their actions.We win the court eviction and get a write to regain possession of the property. The eviction remains on your record for life. It will be incredibly hard if not impossible to find another landlord willing to rent to you.We send in the bailiffs (guns drawn) to the home. If you do not open the door they kick it in and forcibly remove any occupants living in the home.Everything that the tenant owns is placed on the curb by a moving crew. They can clear out an entire home in about 2 hours. They are not vary delicate with your possessions. Everything stays on the curb until 5pm. Scrappers and thieves usually come by and steal anything of value. At 5pm we bring a dump truck and load up everything that is left and take it to storage. After 30 days in storage we take it to the dump.After all of the above a non paying tenant can also expect the following to happen.We take you back to court and sue you for back rent, legal costs and damages.We garnish your wages until all debts are paid off.As you can gather from everything above being evicted is a terrible experience that is 100% preventable by you. Don't be stupid, pay your rent or move out of your landlord's property you are only hurting yourself if you don't.For more information on evictions take a look at the LIVE video of one of my company’s evictions below.Have more Real Estate related questions? Let me know! Follow/Subscribe & simply ask. I will make you a FREE video reply. #AskJamesWiseFollow me on InstagramSubscribe to my YouTube ChannelWould you like access to a FREE list of the most profitable Real Estate Investments in the USA? CLICK HERE FOR ACCESS!
I need info about relinquishing a vehicle?
If you can provide documentation proving that the vehicle has been insured (with the proper coverages and deductibles) and the bank has been listed as the lienholder, then refuse to make the additional payment for the "forced placed insurance." If your son decides he can't make the payments, advise him to try and work with the lender and avoid a repossession. If your son surrenders the vehicle to the lender, it will still be a repossession on his credit report. Voluntary or involuntary repossessions have a huge negative impact on your credit score, avoid if at all possible. Your son will be better off to work with the lender to sell the truck and then borrow money from the lender to pay the remaining balance of the loan. If you surrender the truck, the bank will sell it at an auction and your son and your friend will be held responsible for the balance. They'll end up with damaged credit and an outstanding debt. Good luck!
How long is an insurance claim investigation supposed to last?
A man hit my car while it was parked and no one was in or around the vehicle at the time. He did leave a note with his phone number and we were able to get his policy number a few weeks later. We filed a claim with his insurance company, and they said they were unable to get ahold of him. We were also told that there are "coverage issues," which to me means that he is not insured through that particular company, since everyone is required to have at least liability insurance. We were told to contact our own insurance company, and the investigation is still pending 6 months later. I read something that said it was only supposed to last for 30 days? What is going on?
Can I have license plates and registration from one state but drivers license from another?
in most states, they require a drivers license from the state you are registering in to get a registration and license plates. so it probably would be a problem. however, if your state does not, then as long as you don't get caught, you'll have no problems. but, if you get caught, you're in trouble.
If my car is put up for repossession, and i successfully hide it till i can pay it, what happens?
Trade with a friend? I will run the plates and go to his house. Hide it? I will file in court for a replevin order. You do not surrender, I file contempt charges against you and you go to jail. Once it is up for repo, I will sit at your house for hours at a time until the garage is opened, either the walk in door or rool up door. Then it is mine. Sadly, all these options cost you money. EVEN if I do not get the car, you have to pay as your contract will have stipulations that you pay all costs of trying to collect the money. Most finance companies, when it is sent for repo, willnot remove it from repo status until it is paid off. You become one day late after resuming payments? Bye Bye. Call them and make payment arrangements. This is the best defense. Send them SOMETHING, even if just $50. Most states have statutes that if the repossession and finance company determine you are hiding it, it can be reported stolen and you can be arrested for concealment. It does happen, but some states do not allow for that.
Is it unlawful if you get your car repossessed and you still have the keys?
I'll make my first answer sweet and simple since I work for a repossession company.The answer is no. They can and will take your car, keys or no keys. It goes to the lot and then a yard person takes photos of inside and outside the car, store it into containers and shelved for 30 to 60 days usually, until you, the registered owner picks up the property. If not, it then becomes company property. If they never got a key upon repo, they will cut a new key for the vehicle to access the car (if locked), this will then go with the car to auction.Ps. Your old key won't work anymore (transponder) and you get charged for the key too.