Sentences with phrase «damage your credit standing»

Chronic late payments, judgments or loan defaults, however, severely damage your credit standing and may prevent you from obtaining the «best rate» loan financing you need to complete the purchase.

HOME EQUITY LINE OF CREDIT (HELOC) Failure to pay on your HELOC could damage your credit standing and result in the loss of your home through foreclosure.

Not exact matches

If not, your credit standing and your credit score will be severely damaged for quite a while.

In fact, if you keep all of your other credit obligations in good standing, your FICO score can begin to rebound in as little as 2 years... a foreclosure is a single negative item, and if you keep this item isolated, it will be much less damaging to your FICO score.

To make matters even worse, your spouse can end up doing a lot of damage to your credit standing either purposefully or due to irresponsibility following the breakup — making it even tougher on finances.

As a result, a lot of borrowers who were in good standing find themselves with a severely damaged credit or being harassed by collection agency calls demanding the full repayment of the loan.

Likewise, closing old accounts in good standing can shorten your average credit history and actually damage your score in the short term.

Bill would damage credit scores of million of consumers Consumer Action joined the National Consumer Law Center and other organizations in opposition to HR 435 — legislation that would reduce consumers» control over their own data by preempting state and federal privacy protections, damage the credit scores of millions of consumers with a disproportionate impact on African Americans, and conflict with long - standing state utility regulatory consumer protections.

If it takes a drop in her credit score or an adverse action notice to make the point, then even more damage has been done to her financial standing,» he said.

So with greed at the forefront, as always, driving the corporate bottom line, and especially with banks, they are sticking it to large group of long standing good faith customers without the slightest regard for damaging their credit.

It's a wonderful convenience to be able to make purchases without cash, but it can also damage one's credit standing if used irresponsibly.

Anything that erodes your financial credibility is damaging to your credit standing.

According to FICO, it isn't surprising for someone with a spotless credit to fall into bad credit since medical - related debts and collections from credit agencies have equally damaging effects on a person's credit standing.