Sentences with phrase «ruin your credit rating»

If FUBU had failed, he explained, at least he wouldn't have run up huge debts just to live, and run the risk of going bankrupt personally or ruining his credit rating.

But other agencies might use practices that can ruin your credit rating.

If you run your credit cards to the limit, it will ruin your credit rating.

Many people feel like they are deadbeats if they can't pay their debts, that bankruptcy will ruin their credit rating forever, and that they will be driving junker cars and living in run - down apartments because of bankruptcy.

If you don't make loan payments on time to credit cards or commercial banks, you can ruin your credit rating and make borrowing in the future difficult or impossible.

With way too many credit cards at high balances and high interest rates and a lot of late payments that ruined our credit ratings, it seemed hopeless — like we would never climb out of the hole.

Only those lendees that are absolutely set on not ruining their credit ratings will continue making payments.

Because another unit of Bank of America erroneously reported to credit agencies that the family was seeking a loan modification, ruining their credit rating and as the result putting their mortgage into default.

It could ruin your credit rating if payments start to be missed or if the home is foreclosed on.»

Not exact matches

It's best to wait to start your business until you have the funds you need in place rather than crippling your new business financially and perhaps ruining your personal credit rating.

By missing a payment even by a day won't necessary ruin your credit until it's thirty days late, but you could still be hit with a large charge or a spike in interest rate.

With the future of the economy in jeopardy due to a downgrade in the nation's credit rating, U.S. Rep. Gregory Meeks (D - Jamaica) reassured his elderly constituents that he and his fellow Democrats would not lead their financial futures to a path of ruin.

Both threw out scary figures that would decimate the county's ability to provide other services, that would ruin the county's credit rating and that would be solved one way and one way only — by selling Valley View or, failing that, by closing it.

It is deeply troubling that lawmakers whose irresponsible actions have ruined PA's credit rating voted today to pass school voucher legislation that will blow even bigger holes in school district budgets throughout the commonwealth.

You may find yourself unable to pay within a few short months of being granted the loan and on the fast track to financial ruin in the form of poor credit scores or ratings.

-LSB-...] Used irresponsibly, a credit card can ruin your credit score and leave you with a high - rate compounding debt.

Millions of people now have damaged or even ruined credit due to circumstances beyond their control, making it nearly impossible for them to get a credit card, a car loan that doesn't carry an astronomically high interest rate, and can even prevent them from winning a job or an apartment lease.

Get rid of the callable debt first because the bank can call that loan at any time which can ruin your credit or jack up the interest rate.

If the couple is undergoing an acrimonious divorce, the last thing they need is to provide each other with a tool they can use to ruin each other's credit ratings.

A store card never helps to improve your credit ratings; instead they could ruin it.

Borrowers are more likely to default on loans and ruin their credit because of the high interest rates.

They let their score take a hit and stay in that debt situation which will not only ruin their credit report but will also hamper their chances of getting a refinance done or buying a car at a lesser interest rate.

However, like any credit card, small business credit cards and their exorbitant interest rates can ruin your business if you're not careful.

In both cases, misunderstanding the effect of compound interest rates and repayment obligations involved in using a credit card or accepting a student loan can lead to poor decisions that may ruin an individual's credit score and opportunities for future use of credit.

Small business owners who co-mingle personal credit with business credit run the risk of ruining both business and personal credit ratings should default occur.

Don't let a disability ruin your credit — An unexpected illness or injury can send you into debt and sink your credit rating faster than you can say, «I need disability.»

If one's credit rating is ruined through real estate and recruiters don't see Realtors as professionals they can trust, there is an even greater impact on those leaving the business — ie that they can't find work, young or old.

Note to Puzzling: Walking away in MA only works if you are a dirtbag without assets to attach or a credit rating to ruin.