Missing a payment or two can
seriously damage your credit score and trigger higher interest rates.
Although filing bankruptcy
seriously damages your credit scores, it does provide protection from debt that you can not repay.
If you give up on making one or more payments completely, the damage will compound and
seriously damage your credit score, making it more difficult, and more time - consuming, to get back on track.
Failing to make timely credit card payments can
seriously damage your credit score and financial health.
A bankruptcy
seriously damages your credit score and can negatively impact your ability to get credit, find a job or rent a home for years.
Both scenarios require money that you may not have (depending on how deeply you are struggling) and the latter can
seriously damage your credit score.
If they were personally responsible for anything beyond the agreed - to renters insurance deductible, they may not be able to afford it and this could
seriously damage their credit score.
Not exact matches
Other than eliminating your debt, bankruptcy can
seriously damage your
credit report and
score in its course.