to missing a few payments and then eventualy paying it off, does it affect your credit rating in the same way, if you are not going to get credit again because you took a longer time to paying it off, to not paying it at all?
2006-11-28 12:06:29 · 8 answers · asked by tricia l 2 in Business & Finance ➔ Credit
as the whole picture is put on your credit report, paying something off tends to look better than a CCJ against your name.
so while i cant say the former will help your credit rating any, the latter will certainly knacker it.
2006-11-29 00:01:09 · answer #1 · answered by alatoruk 5 · 0⤊ 0⤋
Better to take more time but pay it off. Not paying at all will leave it on your credit report until payed. If you cant pay your payments sometimes you can just pay the interest part or a lower payment for a short time contact your company.
2006-11-28 12:15:19 · answer #2 · answered by Amberlyn4 3 · 0⤊ 0⤋
If you mean you actually miss a payment and don't pay it for over a month it may go on your credit file but it is not serious. However if you pay off your credit card in full or make larger monthly payments it will increase your credit score with that lender and they often increase your limit or lower your APR
2006-11-28 12:18:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you miss a few payments, it's likely to lower your credit rating. It'll be recorded on your credit report how long you've missed payments etc. If you don't pay it at all that'll obviously also be recorded on the report. Try signing up at http://www.freecreditreport.com for a trial version and see what your report looks like. It pretty much tells you everything.
2006-11-28 12:16:29 · answer #4 · answered by Neji Hyuga 2 · 0⤊ 1⤋
If you miss payment on your credit card it will go against your credit score and in the future make it a lot harder to obtain credit
2006-11-29 03:04:07 · answer #5 · answered by THOMAS D 1 · 0⤊ 0⤋
you go on a credit black list. and it's hard to get credit in the future. or if you do get it you pay higher charges because of your bad credit rating and it follows you everywhere you go for credit. better paying it off or not taking a credit card again. it's nearly impossible to get your name removed from a black list because of bad debts
2006-11-28 14:38:27 · answer #6 · answered by mescalin57 4 · 0⤊ 0⤋
They will forgive you or worse they might increase your credit limit, but yes you will have to pay more interest on the outstanding debit, but as long as you pay something "THEY" have their hooks in you and the credit card company's have redefined the slave trade for the new millennium.
2006-11-28 12:15:54 · answer #7 · answered by ♣ My Brainhurts ♣ 5 · 1⤊ 0⤋
it is best to pay. If you have spent it then its not yours until you actually pay. Bless.. I know what you are saying though..
2006-11-28 12:24:26 · answer #8 · answered by Chrisey 4 · 0⤊ 0⤋