Not exact matches
Using a lot more than that could signal
trouble and lower your score.4 You should also
make every
payment on time each month — not missing a single
payment because of an address change or a misfiled statement.
Doug Hoyes: So, if the reason I'm getting a payday loan is
because I've already got $ 20,000 of other debts and I'm having
trouble making the
payments on that, the solution is not to get a payday loan, the solution is to deal with the other debts.
Maybe you're having
trouble making your monthly
payments because you've fallen behind and are trying to catch up.
But you must be able to
make the repayments required on time
because missing one
payment from a cash advance is where the
trouble starts.
If the increase in outstanding debt is a normal one, that could indicate that
payments slowed
because consumers are having
trouble making ends meet.