if you misuse credit then more than likely it will go on your credit score and affect you in life. One way is by buying a house or car. You would never ben able to purchase them kind of things if you misuse or credit
In my opinion, as soon as possible as length of credit history is a key factor in credit ratings. But if you're going to misuse the credit (run up large balances, default on monthly payments) then don't do it. Bad credit is harder to fix than no credit.
Nothing happens when you pay of an equity line of credit. The equity that you used for your line of credit is now safe.
This could damage your credit score. It will be harder for you to get credit cards or loans in the future.
if something ever happens to the person witht he credit then the creditor takes care of it.
what happens if i voluntarily return my car to the bank due to job loss
People who misuse credit cards are charged for misusing credit cards.
ali will eat u soon
In my opinion, as soon as possible as length of credit history is a key factor in credit ratings. But if you're going to misuse the credit (run up large balances, default on monthly payments) then don't do it. Bad credit is harder to fix than no credit.
In Ohio, the misuse of a credit card can lead to serious legal consequences, including criminal charges. Depending on the severity of the offense, it can be classified as a misdemeanor or a felony, resulting in penalties that may include fines, restitution, and imprisonment. For instance, fraudulent use of a credit card can be charged as a fifth-degree felony, which may carry a prison sentence of 6 to 12 months and fines up to $2,500. Additionally, victims may seek restitution for losses incurred due to the misuse.
Nothing happens when you pay of an equity line of credit. The equity that you used for your line of credit is now safe.
Normally your credit is ruined for 7 years.
It happens and can be disputed. Call you credit card company or credit agencies.
when you misuse ecstasy.
The credit multiplier decreases.
This could damage your credit score. It will be harder for you to get credit cards or loans in the future.
You pray to god
It can no longer get credit