It is a prepaid credit card that they call a gift card.
What it is: A prepaid card that you can use to purchase items in person or online.
Using it is just like a credit card except that it doesn't have any personal info such as name address etc., so it might actually be rejected online.
Uses: To purchase items. It has money in it already, and can not be reloaded.
You can find it at: local stores, Wal-Mart, and CVS.
Its helpfulness is for you to decide.
Means that you did not pay your bills on time, or that you've never paid some of them. Make sure you get that straightened out, then don't be late again! That information stays on your credit report for up to seven years!!!
Once a judgment has been entered into court record no notification will be given to the debtor until the judgment is executed against the debtor's nonexempt property. Although most creditors will keep in contact with the debtor to attempt to reach some sort of settlement. Judgments can be valid for 5-20 years depending on the laws of the debtor's state and many are renewable. Please keep in mind that at anytime while a judgment is valid it can in most states, be used to garnish wages, levy bank accounts, place liens against real property or seize and sell property belonging to the debtor that is not protected under the laws of the state of residency.
Within 30 days of your debt your payment should be reported and your score should go up. It goes up as soon as it is reported.
Like other late payments reported to a credit reporting agency, an unpaid medical bill may stay on a credit report for up to seven years.