Won't this create a domino effect, that will have
a serious effect on my credit?
Not exact matches
Bankruptcy has a long - lasting negative
effect on your
credit history, and therefore, considered to be one of the most
serious credit damages.
Charge - offs can have
serious and damaging
effects on a borrower's
credit rating and
credit score.
Even though a one - time late payment that is 30 or 60 days late isn't going to have as
serious long - term
effect on your
credit score as a payment that is 90 days late, it's best to avoid late payments at all costs.