Sentences with phrase «several late payments»

Some other triggers for loan acceleration might include several late payments in a row.

If you have several late payments on several different accounts, a lender, bank or creditor will not be confident in extending you new credit.

Several late payments in the past may not affect your score as bad as a recent late payment.

There comes a time in every person's life when their credit score may not be as squeaky clean as they would like and perhaps several late payments to specific loan or mortgage contracts.

Let's say you have a fair credit score of 660 with one old collection account, 5 accounts with no late payments and 3 older accounts with several late payments.

This may mean you're working on building your credit for the first time, or could indicate you have had a few hiccups with your credit, such as making several late payments, and need to rebuild.

A credit report that has several late payments, non-payments, collection agency activity and bankruptcies is a credit report that will have a low score.

If you have several late payments, it can disqualify you from getting approved for a loan.

Needless to say, several late payments made within a few months could drop a credit score in a big way.