Sentences with phrase «also have a negative effect on your credit score»

Not exact matches

While a consumer proposal has a negative effect on your credit score, it also means that you have dealt with all of your debts!

This can also be true if the payday loan is used to pay another bill that could have negative effects on your score, such as making late payments on a credit card company or car loan.

There's also the negative effect a default can have on a person's credit score: Huynh says a person with a good credit history who stops paying their student loans could see their credit score drop by as much as 100 points.

She said that because each card requires a new application with a new credit line, the company would conduct a credit check (also known as a hard pull), which would mean a small negative effect on your credit score.