Sentences with phrase «bad affect on your credit score»

However, if you have a high credit utilization ratio in the short - term, it probably have a bad affect on your credit score.

Not exact matches

I've told them, that in my opinion, my bad credit score has been hugely affected by the foreclosure, which will stay on the record another 5 years anyway.

Your Canada mortgage payments will also have to be made promptly, as missing out on payments in the very initial stages not only creates a bad impression but also affects your credit score.

Some borrowers default on bad credit loans thinking that it does not affect the score but it is worth noting that private lenders also report to Equifax and TransUnion.

A credit score will affect the interest rate that is charged on any loan, so if the score is very low, this can make getting a home loan with bad credit very expensive.

Kawartha Lakes» bad credit lenders do not dwell so much on your credit score, bankruptcy or consumer proposals as to them it does not affect equity owned.

Taking into account your bad credit and possible difficulties with approval, imagine how many credit check records may appear on your credit report and how much they may affect your credit score.

Read on to learn more about the differences between Chapter 7 and Chapter 13 and how they affect your credit score — both good and bad.

A bad credit score can have a negative impact on your life as it will affect your ability to apply for credit cards, obtain a mortgage, rent an apartment, and you may even struggle to secure a cell phone contract.

Bad debts remain on your credit file for 5 to 7 years and will affect your credit score.

Whereas, a bad credit score can indicate you usually default on loans which negatively affect your chances of getting a loan.

From my personal experience so far regarding my credit profile, I earlier didn't know how about it was and when I knew I had foreclosures, cleared my student loan, collections, inquires, late payments and even over dues, I felt really bad because then it was late and the result of my bad credit affected my credit score which was about 379 and to get my loan approved I needed 700 and above, I sort for help from big credit repair companies, but they couldn't help me get my score where I wanted to be in the short period I need to get a loan to keep a roof over my child's head, till a lender introduced me to a repair man who has access to this credit companies who got my credit clean and also educated me about how to maintain my credit and maintain a really good score, ELITEREALHACK at GMAIL dot COM) is where ill refer anyone that needs a deadline fix on there credit.

I recently had a client that wanted to get approved for a mortgage but he unfortunately had some late payments on a credit card that was affecting his score badly.

Although student loan debt is not necessarily considered bad, if you do miss payments, it will negatively affect your credit score and potentially cause problems later on down the road.