Sentences with phrase «real damage to your credit»

A missed payment may make your credit score drop just a little bit, but an account in collection does real damage to your credit history.

Second, not paying your debt will do real damage to your credit score; defaulting on your loan will stay on your credit report for seven years, making it nearly impossible to get other loans.

Not exact matches

If you have a healthy credit score and have only applied for a couple of cards recently, then the effect on your credit score will most likely be insignificant enough to cause any real damage to your score.

By way of a refresher, following the implementation of the new data breach sections of PIPEDA, organizations that experience a data breach (referred to in PIPEDA as a «breach of security safeguards») must determine whether the breach poses a «real risk of significant harm» (which may include bodily harm, humiliation, damage to reputation or relationships, loss of employment, business or professional opportunities, financial loss, identity theft, negative effects on the credit record and damage to or loss of property) to any individual whose information was involved in the breach by conducting a risk assessment.

Having your identity stolen damages your sense of security, but the real hardship may be how difficult, time - consuming, and expensive it can be to restore your credit and get your life back on track.

Professional Real Estate Investor can help these families by providing assistance to avoid further damage to credit, emotional trauma and avoid expensive law suit.