answersLogoWhite

0

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

User Avatar

Wiki User

17y ago

What else can I help you with?

Related Questions

Who is charged for misusing credit cards?

People who misuse credit cards are charged for misusing credit cards.


What happens when you misuse Valium?

ali will eat u soon


When should someone open their first credit card?

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.


What is the penalty for misuse of a credit card in Ohio?

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.


What happens when paying off an equity line of 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.


What happens to your credit after a car is repossessed?

Normally your credit is ruined for 7 years.


Can a a credit company file the same account twice on your credit report?

It happens and can be disputed. Call you credit card company or credit agencies.


What is ecstasy misuse?

when you misuse ecstasy.


What happens to the credit multiplier when the cash reserve ratio is increased?

The credit multiplier decreases.


What happens if i default into pay my credit card bill?

This could damage your credit score. It will be harder for you to get credit cards or loans in the future.


What happens if you are reported to a credit agency?

You pray to god


What happens when a country defaults - what are its options?

It can no longer get credit