I mean is it ok to be late a few times on making payments on something. I mean i always pay my bills on time. Its just that i just got a car from a buy here pay here place. And the car turned out to be a lemon but im still suppose to continue making my payments on it and at first i wasnt going to make anymore payments and then i thought about my credit score. So i guess the best thing to do is just pay it off and learn from it but i dont want to mess up my credit score.
2007-01-03 06:25:29 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
in order to keep your CS in the 600-700 area, you must pay your pmts on time.
It becomes a lemon on the lemon law theory once you've attempted to have it fixed by the dealer or yourself more than 3 times in the 1st year...then you apply for relief from the dealer/DMV/ and the state licensing board.
It may also take a small claims action to clear it up in court, but you need to seek legal advice if the amount is of any consequence at all.
luck to ya
2007-01-03 06:46:04 · answer #1 · answered by ticketoride04 5 · 0⤊ 0⤋
right it somewhat is why canceling enjoying cards can harm your score, extremely. Your credit, aside from on-time bill money, is according to 2 different variables: your earnings to debt ratio and your debt to credit available ratio. as a result, in case you cancel the enjoying cards, permit's say each and each card is granting you a minimum of a $5,000 credit cut back, you're lowering your available credit through only approximately $15,000 whilst your different debts stay a similar. If on that final card you have it maxed out (which you're saying you do no longer, yet case in point), then yeah this could mirror badly. If however you could eliminate the stability on your fourth card, possibly even ask the cardboard employer to strengthen your cut back in case you're thinking of retaining it and you qualify, then slowly cancel the different 3 enjoying cards one after the different, this could positioned you in better shape. nonetheless, the reality you had almost 4 credit enjoying cards on your checklist is going to chew you somewhat at last, yet credit does heal with time. in case you have no longer considered your credit checklist in a whilst, i could try making confident you have no longer have been given any credit card debt and cancel one in each and every of them. Then a month later, verify your credit checklist (you will get a credit checklist for loose as quickly as a 12 months). See the place it falls. something above 650 is considered an surprising score, so in case you're above that, i could think of you would be nice to eliminate the others too.
2016-11-26 01:01:48 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would consult an attorney. What hurt my score was when I became disabled 9 yrs. ago. Then, after 7 yrs., it was getting better, but due to stubborn ex spouse, our house was foreclosed! Ooouuuch!!!!
2007-01-03 06:35:36 · answer #3 · answered by lisacantcook 3 · 0⤊ 1⤋
I didn't pay my bills on time or my student loan payments on time. I am an idiot.
2007-01-03 07:01:38 · answer #4 · answered by Meg 5 · 0⤊ 0⤋
I know how you feel. I have an even worse penalty. I had a roommate skip out on me which cause an eviction.
2007-01-03 06:33:03 · answer #5 · answered by Loreal D 2 · 0⤊ 1⤋
call the bbb or attorney general of your state
2007-01-03 06:29:06 · answer #6 · answered by lily 4 · 1⤊ 0⤋