Sentences with phrase «damaging effects on your credit rating»

It will also have damaging effects on your credit rating, thus you will be paying higher interest rates for the debt that has accumulated.

Not exact matches

Charge - offs can have serious and damaging effects on a borrower's credit rating and credit score.

First, with subprime mortgages, people whose credit has been damaged in a poor economy pay a much higher interest rate, while with reverse mortgages, borrowers» credit rating has no effect on their rate.

Going through bankruptcy doesn't just hurt you financially or damage your credit rating; it can also have a pretty big effect on your emotional stability.