No, it will not affect your credit. You will probably have to pay the late fee and your interest rate could go up. But legally, creditors can only report you LATE if you are at least 30 days past due.
Any default on any loan will damage your credit in the future.
Yes, though both will damage your credit report to some extent.
High Credit card balance affect your credit score negatively. See, the debt to credit ratio makes up 10% of your credit score. This means the amount of money you owe on a credit line. The more you owe, the worse it hurts your credit (maxed out cards do the most damage). It is recommended to try to be below 30% of your line of credit.
The act of divorce does not damage your credit.
don't use a credit card if it's possible. There is a number of credit card alternatives for online payment and you can always pay cash in the real life. The only place I spend money on the web is Facebook (I'm Farmville addicted hehe) and I use a prepaid card called paysafecard for it. You don't need to give your personal details with it and even if it gets hacked (which is less possible) the damage is not so bad.
Your credit report will state that the vehicle was returned. It will still show a balance remaining once this vehicle is auctioned off. This is your best option, but it already has done it's damage to your credit report with missed payment. Also, this will affect your credit score monthly for the next two years from the date of last payment.
Any default on any loan will damage your credit in the future.
No. Once a person is being threatened by a collection agency, there is a high liklihood that the damage to the credit report is already done - a chargeoff or collections transline will already be in your credit report. Having a payment plan merely gets the debt paid and on-time payments are usually NOT reported (however, if you miss a payment, that company can and will send a negative tradeline to further damage your credit reputation).
Yes closing a credit card can damage your credit score. But as long as everything else is good it should not affect you credit rating to much. Look for tips to keep a good credit card rating.
No, under no circumstances are the two the same thing. A life point payment is not damage, and is never affected by effects that negate or affect damage.
Yes, though both will damage your credit report to some extent.
High Credit card balance affect your credit score negatively. See, the debt to credit ratio makes up 10% of your credit score. This means the amount of money you owe on a credit line. The more you owe, the worse it hurts your credit (maxed out cards do the most damage). It is recommended to try to be below 30% of your line of credit.
As a general rule the answer is no. Collection agencies will report this to the credit bureau as being settled for less than what was due, which can have a negative impact on your credit report. While paying this money could seem like an effort to repair your credit, it actually can damage it. A situation like this often results from a debt being old and about to fall off of your credit report. If you pay the money to the collection agency then it will stamp a record of such payment for an amount less than the amount originally due. The worst part is that such a record will stay in your credit file for another seven years from the day the payment was received! If you don't make the payment the negative report resulting from that will probably fall off of your credit report much sooner.
You should never give your social security number to anyone, reguardless of their intentions. If they misplace that number, the damage can be irreperable. If you are 20, you likely have no credit, and sad to say, likely have no understanding of how bad credit can affect you. It's a bad path, I wouldn't go down it.
They don't unless you let the debt go and either the attorney or debt colletion agency reports it as part of their collection efforts. If that happens it can seriously damage your credit.
Payment for damage caused.
The act of divorce does not damage your credit.