bad credit?

Question

i havnt paid a thing on my credit cards in like 2 months......so how much does my credit score go down everytime i dont pay something...

Answer 1

hurts a lot...

there you go for help : http://index-go.com/bad-credit-finance-mortgage.asp


http://index-go.com/debt-consolidation-refinance-loans-mortgage.asp

Answer 2

If you're going to miss payments, it is best not to miss those from a credit card. Banks are very protective of their money and won't hesitate to make you pay dearly. Two missed payments doesn't sound like it would drop your rating much, but I have no way to determine that. The important thing is to make regular payments even it is the minimum. You now probably have 2 marks on your credit record that will stay there for 7 years. Regardless of how much your rating is dropped, it will take time to get it back.

Answer 3

To calculate a score, Fair Isaac uses 22 pieces of data collected from the three major credit bureaus, Equifax, Experian and TransUnion). The lowest possible score is 300, while the highest is 850.

The final number is a composite of individual ratings in five categories:
•Payment history (35% of the rating)
•Length of credit history (15%)
•New credit (10%)
•Types of credit used (10%)
•Debt (30%)
Basically you stand to signifigantly lower your FICO, and it can report this negative information for 7-10 years. I have seen 1 late payment drop a fico 50 points, but the payment history is only 35% of how your fico is calculated.

Answer 4

About your problems..., then I recommend you that you may go to the Guinness Information Site for that sort of questionings.

It' not that kinda problem to worry that much, I believe.

If you go and see the guinness homepage, you can realize yourself with it.

www.guinness.aaa.to


That kind of questions and answers and listed there.

I use it frequently when I do my research even.