The dispute process starts after accounts are written - off and sold to a third - party debt collection company, resulting in a temporary adverse effect on credit scores
Having your loans in default can have
an adverse effect on your credit score, making it difficult to get approved for an apartment or a new credit card.
Getting added to a credit card account with a poor payment history can have
an adverse effect on your credit score.
Apart from the fact that late payments will attract penalty fee, it will also have
adverse effects on your credit score.
On the other hand, any rate higher than 30 % may have
adverse effects on your credit score.
This will have
adverse effects on your credit score and you may find it difficult to get new credit.
Any debt settlement program will have
an adverse effect on your credit score, and you should be very, very cautious of any program that tells you it won't affect your credit.
Having a high debt to credit ratio, that is the total amount owed vs. the total credit limit, can have
an adverse effect on your credit score.
Be aware that this may have
an adverse effect on your credit score.
Having a portion of your debt forgiven may have
an adverse effect on your credit score.