Sentences with phrase «damaging effects on your credit score»

This will also have damaging effects on your credit score thereby making it difficult to get other loans in the future.

Not exact matches

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

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.

If you have a healthy credit score and have only applied for a couple of cards recently, then the effect on your credit score will most likely be insignificant enough to cause any real damage to your score.