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How can an unpaid long distance bill of about 800 dollars affect your credit report and future credit?
It can have a significant impact on your credit. Every day, I see collection accounts from phone companies on people's credit reports.
Any derogatory information, whether it is a late payment, an updated collection account (paid or unpaid) or legal items, that have occured in the last 12 months can affect your credit score up to 35%. Factor that as a 150 to 350 point deduction from the total of 850 to 900.
Credit scores affect not only whether or not credit is extended, and how much a consumer is required to pay in interest rates and fees; they also affect utilities, insurance and even employment opportunities.
It will lower your credit score until it is paid. It is best to pay this debt off in full or to make payment arrangements and abide by it each month. Even if you are only paying $25.00 a month, it is much better then having it unpaid on your credit reports.
What else can I help you with?
How does defaulting on a car loan affect your future credit?
Any default on any loan will damage your credit in the future.
If you get married how will your credit reports and bankruptcy affect your future spouse's perfect credit?
Your credit follows you individually. If you have joint accounts then they appear on both of your credit reports.
How can debt collectors affect your credit score?
Debt collectors can affect your credit score by reporting delinquent accounts to credit bureaus, which can lower your credit score. This negative information can stay on your credit report for up to seven years, making it harder to qualify for loans or credit cards in the future.
How does interest on credit affect your ability to spend in the future?
Then your credit can be high enough so that you are spending more money on credit interest than you can keep up with, there for, you are losing money
How does a short sale affect your credit score?
A short sale can negatively impact your credit score because it indicates that you were unable to pay off your mortgage in full. This can result in a drop in your credit score, making it harder to obtain credit in the future.
How does defaulting on a car loan affect your future credit?
Any default on any loan will damage your credit in the future.
If you get married how will your credit reports and bankruptcy affect your future spouse's perfect credit?
Your credit follows you individually. If you have joint accounts then they appear on both of your credit reports.
What affect will animal testing have on future generations?
Animal testing will affect future generations because it will waste future tax dollars that should go to schools, works, and the rest of the community.
Will your husbends credit be hurt from your past student loan even if you weren't married?
No. Credit obtained as an individual does not affect a future spouse.
How can debt collectors affect your credit score?
Debt collectors can affect your credit score by reporting delinquent accounts to credit bureaus, which can lower your credit score. This negative information can stay on your credit report for up to seven years, making it harder to qualify for loans or credit cards in the future.
How does interest on credit affect your ability to spend in the future?
Then your credit can be high enough so that you are spending more money on credit interest than you can keep up with, there for, you are losing money
Does a claim for an accident affect your rating when through a credit card?
No..but it will effect your current and future Insurance rates.
How does a short sale affect your credit score?
A short sale can negatively impact your credit score because it indicates that you were unable to pay off your mortgage in full. This can result in a drop in your credit score, making it harder to obtain credit in the future.
How does a short sale affect your credit?
A short sale can negatively impact your credit score because it shows that you were unable to pay off your mortgage in full. This can result in a drop in your credit score, making it harder to qualify for loans or credit in the future.
How does a short sale affect credit?
A short sale can negatively impact a person's credit score because it indicates that they were unable to pay off their mortgage in full. This can result in a drop in credit score, making it harder to qualify for loans or credit in the future.
Do late payments affect a credit score?
Yes, they will both reduce your credit score and impact future payments on that card (e.g. increased interest rate, late fee charges).
What services does the equifax site offer?
Equifax offers you great things, beyond just giving you your credit rating. With Equifax you can see how different choices you make will affect your credit rating in the future.
