2007-09-19 17:27:29 · 15 answers · asked by lyn n 1 in Business & Finance ➔ Credit
It depends on how delinquent you get. If you are just a few days late it won't be a problem. However, if it gets to a couple of months and they turn you over to a collection agency. They will put it on your credit report. Once it shows up it will cause your score to drop quite a bit.
So if you are having a problem paying it is best to try and work with them before they turn it over to a collection agency.
2007-09-19 17:32:45 · answer #1 · answered by OC1999 7 · 0⤊ 0⤋
Oh yes it can lower your credit score and if your other creditors find out they can raise your rates because you have suddenly become a credit risk. I know many people who were late with a bill or forgot to pay it and they POW their card card interest rates went through the roof! Citibank, HSBC and Bank of America are famous for this. You had a low interest rate and you skip say a car payment or cell phone bill and and bang you are in trouble because they are now charging you default rates because they seen it on your credit report. Just like the hold joke says:
"You think nobody cares about you? Try skipping a couple car Payments."
2007-09-19 17:52:59 · answer #2 · answered by melissa g 4 · 0⤊ 1⤋
Yes, it can. If you continue not to pay, the cell phone company has the right to send you to collections. Most cell phone companies do not report to the credit b's until you become seriously delinquent! Pay it while you can!
2007-09-20 15:19:42 · answer #3 · answered by greenkateyed 1 · 0⤊ 0⤋
late money to utilities, and a few cellular telephone plans do have an result on your credit, - no longer your score till you're late 60-ninety days. Any time you're making a late charge on any sort of bill it is going on your credit historic past. credit historic past is reviewed whilst using for a private loan which incorporate a credit card or etc this could reason you to have an improved activity value or be denied. in case you're only switching telephone centers or application centers, they are able to look at your charge historic past and notice you're redundantly late and could cost you an improved maintenance or start up cost. those could be very steep. that's continually wisest to no longer be late on money yet a pair of times under the 30 day grace era won't devastate you.
2016-11-05 22:18:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes, phone companies generally report to the credit agencies if you are seriously delinquent or if you don't pay
2007-09-19 17:31:41 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you are consistently delinquent in paying your bills, get services shut off, or incur finance charges due to late or missed payments, yes, in due time it all adds up and catches up with you, and can affect your credit rating;score.
2007-09-19 17:34:08 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Chances are, they will report it.
Sounds like you need to terminate that cell phone if you can't afford to pay the bill. Or maybe you just need to not burn up so many minutes.
2007-09-19 17:32:00 · answer #7 · answered by bdancer222 7 · 0⤊ 0⤋
pretty much anything you do credit wise will.. they usually give you a couple months beofre they put it on your report... however if that is the only thing you have ever paid late or not at all then i wouldnt worry about it.... that is a small dent in your credit compared to the gaping hole in credit most people have
2007-09-19 17:31:07 · answer #8 · answered by amandica82 4 · 0⤊ 0⤋
they will tell you before they report, if your make a payment plan then it will not report but if you do not and refuse to pay they will mostly likely place it for collection or for judgment
2007-09-19 18:27:16 · answer #9 · answered by Anonymous · 0⤊ 1⤋
Yes. I was late for two months-- and it was like flushing my score down the toilet.... :(
Pay on time!!!! Best advice ever.
2007-09-19 17:35:52 · answer #10 · answered by AMG 3 · 0⤊ 2⤋