However, between the nasty late fees and
the additional damage to your credit, it is not in your best interest to let it happen again.
As if your delinquency under your mortgage and the foreclosure were not bad enough for your credit, having an eviction lawsuit on record at the court will do
some additional damage to your credit.
Short sales can prevent
additional damage to your credit and help you avoid foreclosure.
Not exact matches
Additionally, it can be helpful
to identify and address areas of your
credit that may be
damaging to your ability
to qualify for
additional loans.
Furthermore, the Great Recession has seen
additional damage to worker's
credit histories from foreclosures, slashed
credit lines on
credit cards, and other fallout from the economic crisis.
In the event of a willful violation by a
credit repair services organization of this Part or of a contract subject
to this Part, a person who is injured thereby shall be awarded, in addition
to the
damages allowable under Subsection A of this Section, an
additional amount equal
to twice the actual
damages awarded under Subsection A of this Section.
The chances of losing a job and access
to credit is never zero, and is significant for many, but under Orman's scheme you will spend a lot of money in
additional interest and
damage your FICO score with certainty.
After you've done this, go
to the next paragraph
to freeze your
credit and prevent any
additional damage while you clean this up.
As for paying a moving company with a
credit card, you may have some
additional protections if your mover makes off with your belongings or commits fraud, but the rules are less clear when it comes
to damage.
Any significant
damage to the structure or content by guests may incur
additional charges
to their
credit card.
Nationwide renter's insurance coverage options are available for personal liability
to cover bodily injury or property
damage to others (an
additional personal umbrella policy endorsement is also available that will add more liability protection
to your policy), water backup,
credit card coverage (pays for unauthorized transactions on your
credit / debit cards up
to a specified limit), firearms coverage, coverage for high - value items (computers, jewelry, electronics, etc.), personal umbrella coverage,
credit card payments, as well as theft protections for valuables stored away from home.