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What happens after six months of failing to make any further credit card payments?
Wiki User
∙ 14y ago
After 180 days of non payment they will close and charge off the account and most likely farm it out to a collection agency
Wiki User
∙ 14y ago
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What can you do about a mortgage company that does not report your on-time payments?
Call the mortgage company and ask why the payments are not being reported (its illegal to NOT report payments) Further, you can call the credit bureaus, and they will request the information from the mortgage company. Realize, that in some instances credit reporting can be suspended.
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The other signer must make the payments or the loan will go into default, the property will be taken and your credit will be ruined.
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Yes, it will improve her score, no matter who makes the payments on time, but you should be worried about what happens if SHE does not make the payments. The lender will expect YOU to make them.
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What happens to your credit when the car is returned because neither party can pay the note?
It's noted on your credit score that you were unable to make payments/late payments. It just looks very bad. Avoid taking out a car loan on a car you can't afford.
How can car debt affect the rest of your life?
Failing to make payments on a car loan could ruin your credit.
What can you do about a mortgage company that does not report your on-time payments?
Call the mortgage company and ask why the payments are not being reported (its illegal to NOT report payments) Further, you can call the credit bureaus, and they will request the information from the mortgage company. Realize, that in some instances credit reporting can be suspended.
What happens if cosigner stops making payments?
The other signer must make the payments or the loan will go into default, the property will be taken and your credit will be ruined.
What happens to my credit score after a loan modification?
My credit score is 606 at the moment,i just have my loan mod done and final. I'm making my payments ahead of time,How much my credit score can go up within a year of making payments on time. Thank you for your answer.
What happens if i don't show up to a subpoena for a judgment on a credit card?
You will lose the case, and may be charged with failing to appear or contempt of court.
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The bank or credit card company may stop further payments and ask whether you are spending the money or a criminal?
If you co-sign a loan for someone and she makes all the payments on time will her credit rating improve?
Yes, it will improve her score, no matter who makes the payments on time, but you should be worried about what happens if SHE does not make the payments. The lender will expect YOU to make them.
How do you add if you can your apartment rent payments to your credit score?
Your landlord would have to report payments to the credit bureau.
What happens to your credit when the car is returned because neither party can pay the note?
It's noted on your credit score that you were unable to make payments/late payments. It just looks very bad. Avoid taking out a car loan on a car you can't afford.
What happens when the person you co-signed for do not make payments?
Either you make the payment or you're both taking a hit on your credit ratings.
What happens if you do not make payments on a credit card issued by an English bank if you live in the US?
They can come after you and take you to court to make you pay.
What happens if I don't pay back my student loans?
Failing to pay back a student loan can have negative consequences. It can negatively effect your credit score.
