Plus, it takes seven years for those bad marks to be removed from your credit report, so maintaining good payment habits is essential. (thecollegeinvestor.com)
Plus, if you demonstrate good payment habits over time, your credit card issuer may even extend additional credit to you without asking for more collateral. (lowestrates.ca)
But, it's best to practice good payment habits early on to prevent escalating effects in the future. (mybanktracker.com)