If you've ever made a late payment on your credit card, you know the late fees and
potential negative impact on your credit score can be costly.
In most cases, it is not advisable to close an unused credit card account due to
the potential negative impact on your credit scores.
Not exact matches
Not many borrowers are aware of the fact that a loan can have
negative as well as positive implications
on their
credit score, which in turn may
impact the borrower's
potential to apply for other financing options.
«Missing any form of payment can have a
negative impact on your
credit score and can pose a
potential risk to lenders — whether it be from a
credit card or a loan.»
«Missing any form of payment can have a
negative impact on your
credit score and can pose a
potential risk to lenders — whether it be from a
credit card or a loan,» said Heather Battison, vice president at TransUnion.