Sentences with phrase «further damage to your credit score»

If it's too high, you run the risk of defaulting on the loan and doing further damage to your credit score.

It is important to repay bad credit mortgage loans in full and within stipulated timelines to avoid further damage to your credit score.

Not exact matches

That will further damage your credit and make it more difficult to rebuild your credit score.

This of course, further damaged my credit, and the only way to get this loan out of collections is to either pay it in full (about $ 24,000 right now, after the company added close to $ 8,000 in fees and such immediately before charge - off), or make payments for years until it's paid off — but during which time Wells Fargo will not update my credit report to reflect the payment status and so my credit score will not improve by making payments.

According to Red, White and Blue Press consumers have been able to improve their credit score with a secured card due to the fact that they have to be financially responsible in their use of this line of credit or they will risk losing money from their secured account in possibly do further damage t... Read More

You must repay them on time though to avoid hefty fines or further damaging your credit score.

A damaged credit score can seem like a difficult problem to fix since many lenders will hesitate to give you further opportunities.

For many, a lowered spending limit had further damaged their credit score as reducing the amount of money available on the credit card increased the person's apparent debt to income ratio.

Of course, failing to pay back the loan as agreed can further damage your credit score.

She didn't like that her coworker bragged about how many times she had filed bankruptcy, and she didn't want to damage her credit score any further.

A bad credit score can be its own protection when it comes to preventing further damage.

Debt Consolidation: Many people choose a home equity loan to repay outstanding loans to avoid further damaging their credit score.

In addition to draining your bank accounts, racking up charges on your credit cards and opening accounts under your name, hackers and identity thieves can wreak havoc on your credit score that'll have a far more lasting and damaging impact than a few false charges.

If you are unsure about your credit score, it may therefore make sense to sign up for a free credit file checking service before applying for a wedding loan — especially as rejected applications will further damage your file.