Sentences with phrase «damaged score over time»
In short, a pattern of responsible usage could help you rebuild a damaged score over time.
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If I've proven anything here, it's that delinquencies are incredibly damaging to your score, which can translate into big costs over time.
That's because a missed payment will have a negative effect on your credit score for 7 years, so although the damage diminishes over time, your credit score will only fully recover 7 years after your last missed payment.
To avoid credit score damage from multiple hard inquiries over a short time, scoring models recognize that borrowers often «shop around» for the best loan.
If the debt goes unpaid, it will continue to damage the person's credit score for seven years, though the effect of the damage will gradually lessen over time.
This means that you have the ability over time, to repair any damaged credit and increase your credit score.
Finding the best way to start paying off your student loans is important so your credit score doesn't get damaged over time.
Multiple credit inquiries over a short time frame — such as applying for five credit cards within a week — can multiply the score damage.