Sentences with phrase «impact on one's credit history»

If you can demonstrate responsible repayment, it will have a positive impact on your credit history.

That can have a serious impact on your credit history and income.

For instance, if you have a visa account for about 15 years and have not used it, it would have a positive impact on your credit history.

If you've already defaulted on your loans, it's important to get out of default as quickly as possible to reduce the negative impact on your credit history and finances.

When using short sale assistance, the seller enjoys a number of benefits, including no costs to them, no impact on security clearance, minimal impact on credit history and the opportunity to use the VA home loan benefit again in the future.

Possible impact on credit history Another score landmine that could be waiting much further down the road involves the length of credit history category.

They will likely report it again as it becomes 60, 90, and 120 days past due, meaning failure to repay a single loan can have a large, lasting impact on your credit history.

However, these may be more beneficial in the long run for the borrower than an official foreclosure action because it has less of a long - term impact on their credit history (the bank may also waive any deficiency against the borrower).

As a rule, we always urge consumers to spend wisely and pay off their balance due to avoid late fees, higher penalty APRs, and negative impact on credit histories.

Naturally, the way you handle these student loans during repayment is going to have an impact on your credit history.

Hard Inquiries, which are the inquiries that are left behind when you apply for things such as car, mortgage or credit card, do have an impact on your credit history and may affect a potential creditor's decision to extend credit.

This way, you can consider any impact on your credit history.

While it may seem rather counter intuitive to use an easy loan to improve your credit score as acquiring a loan means more debt, as long as you maintain a positive payment history on the loan in question, you can maximize the loan's impact on your credit history.

This replacement process doesn't shut down your credit card account, so there will be no impact on your credit history.