Beyond ruining your credit score, there are a lot of ways that your lender will try to collect the money.
Not exact matches
Millions of people now have damaged or even
ruined credit due to circumstances
beyond their control, making it nearly impossible for them to get a
credit card, a car loan that doesn't carry an astronomically high interest rate, and can even prevent them from winning a job or an apartment lease.
For many people, this is an oversimplification;
credit can be
ruined by things
beyond your control, and in some cases — it's
ruined by the
credit bureaus themselves who can be foolish, and unscrupulous.