Sentences with phrase «multiple late payments»

The student loan could actually be reported as being in default showing multiple late payments.

Regular, timely payments will be regarded favorably by potential creditors while multiple late payments could negatively affect your credit score.

Even if the credit card balance is low, if a person has paid multiple late payments on a consistent basis, it is unlikely that their credit score will be any higher than five or six hundred.

If an applicant's credit report shows multiple late payments, he may limit his eligibility for an FHA Loan.

Anything below the 550 mark is typically considered bad credit, and the fastest way to end up here is to rack up multiple late payments and max out your credit cards.

However, multiple late payments and / or late payments of 90 days or more will hurt your credit.

Whether from defaulted accounts, multiple late payments, maxed out credit cards, or a bankruptcy discharge — or some combination of them all — when a credit score drops below 580, it is in the «poor» credit range.