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It is less detrimental to your credit score to be late on paying your bills (more than 30 days late) than it is to file bankruptcy.
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∙ 13y ago
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Is it better to be 60 days late on a mortgage or 30 days late on many bills?
I would say based on credit rating that getting behind on a mortgage would be worse than being late on a few other bills. A lot depends on what the other bills are, but if you can try and pay the mortgage first.
Do you have to be late on payments to file bankruptcy?
No, but it helps. Many people pay their bills instead of buying groceries, but they can't sustain that for long. The test for bankruptcy is not so rigorous. If you spend what you should to live on, and you cannot pay your other bills as they come due, you can file.
When is it too late to file for fafsa 2011?
when is it late to file for fafsa 2011
Which hurts your credit worse bankruptcy or late payments?
Late payment will drive your credit score into the ground rapidly. Many people question filing a Bankruptcy even though their credit is shot through late payments on mortgages and other bills. Filing Bankruptcy put all collection activity on hold and your accounts show current and up to date as long as you make your payments on time. Most people are surprised tofine their credit in much better shape after a BK than before with a much higher credit score Late payments can always be corrected, and this will be reflected on your credit file. Bankruptcy, however, will stay on your credit file for six years.
Do late payments on utility bills go on credit report?
Not in UK
Is it better to be 60 days late on a mortgage or 30 days late on many bills?
I would say based on credit rating that getting behind on a mortgage would be worse than being late on a few other bills. A lot depends on what the other bills are, but if you can try and pay the mortgage first.
Do you have to be late on payments to file bankruptcy?
No, but it helps. Many people pay their bills instead of buying groceries, but they can't sustain that for long. The test for bankruptcy is not so rigorous. If you spend what you should to live on, and you cannot pay your other bills as they come due, you can file.
When is it too late to file for fafsa 2011?
when is it late to file for fafsa 2011
i forgot about my tax return and havent file it can i still file?
You can still file your tax return, however, there may be some late fees for the late filing.
Better late - rk narayan?
Better late
I need to file my taxes for the year 2006 it's not to late is it?
it is to late
Daughter in Texas who is 20 yrs old Can her mother file for child support?
No, it's two years too late for the mother to file and a year too late for the daughter to file.
Which hurts your credit worse bankruptcy or late payments?
Late payment will drive your credit score into the ground rapidly. Many people question filing a Bankruptcy even though their credit is shot through late payments on mortgages and other bills. Filing Bankruptcy put all collection activity on hold and your accounts show current and up to date as long as you make your payments on time. Most people are surprised tofine their credit in much better shape after a BK than before with a much higher credit score Late payments can always be corrected, and this will be reflected on your credit file. Bankruptcy, however, will stay on your credit file for six years.
When is it to late to file for unemployment in Montana?
today
What if you file late business tax?
wait until you get your next one then file that one with it.
Can unpaid or late medical bills be reported on credit reports?
Yes.
Do late payments on utility bills go on credit report?
Not in UK
