Sentences with phrase «negative effect on your credit history»

Bankruptcy has a long - lasting negative effect on your credit history, and therefore, considered to be one of the most serious credit damages.

Many department store credit cards will have a slightly more negative effect on your credit history than a card issued by a major bank.

Similarly, while we all make mistakes, missed payments on credit cards or loans you may have a negative effect on your credit history.

If a homeowner can sell the property during this time, he or she may be able to avoid foreclosure proceedings, and its negative effect on their credit history and future prospects (see Getting a Mortgage After Bankruptcy and Foreclosure).

Not exact matches

Seeking new credit lines is a negative in the credit bureaus» credit score algorithms and, besides, until 12 months of payment history exist for each of the new accounts, the effect on a borrower's credit score is heavily muted anyway.

Seeking new credit lines is a negative in the credit bureaus» credit score algorithms and, besides, until 12 months of payment history exist for each of the new accounts, the effect on a borrower's credit score is heavily muted anyway.

It cuts off your ability to build up your history and can have a negative effect on your debt - to - credit ratio mentioned above.

However, bankruptcy is typically viewed as a last resort since it may have a negative long - term effect on your credit score and credit history.

There are a multitude of other problems with this practice, problems like the high error rate that is commonly known to exist among credit reporting agencies; the reality that certain types of employment, jobs that are dominated by people of color specifically, actually have a negative effect on one's credit history.

There's also the negative effect a default can have on a person's credit score: Huynh says a person with a good credit history who stops paying their student loans could see their credit score drop by as much as 100 points.

Paying card bill on time more important than credit utilization — Maxing out your card will have a negative effect on your credit score, however, the potentially positive payment history might just be worth it... (See Maxed out)

A bankruptcy filing will remain on your credit history for 10 years, and will have profound negative effects on your credit rating.