Mistakes in any of those areas can bring down your credit score, but the worst offenses and most
damage to your credit score comes from failing to pay on time and taking on more debt than you can afford.
Not exact matches
Sharga says, «There's a third group of current homeowners who have gone through the recession and
come out of it still in their homes, but with disastrously
damaged credit scores due
to narrowly escaping foreclosure, or having defaulted on other
credit during the downturn.»
Yet a good dose of patience may be required over the
coming months as you look
to undo the
credit score damage from this untimely mistake.
A bad
credit score can be its own protection when it
comes to preventing further
damage.
You may be able
to obtain debt relief, but your
credit score will suffer permanent
damage, and the fresh start you dream of may not so quick in
coming.
Consequently, you avoid any potential
damage to your
credit score that
comes with missed or late card payments as also with defaulted accounts.