bad credit?
how many late payments and how many things does it take to get bad credit? im 20 and have been late on 4 of my loan payments but only late once on my credit card? im really worried
Public Comments
- Freeeeeeee Credit report doooottt coooooooom!
- You should check your credit reports to see what's on them, if you haven't already. I don't think you're in too much trouble, since it sounds like none of your accounts have gone to collections. Still-- get those credit reports. You can get them free now, once per year. Check out this site, I promise it's not spam: http://www.ftc.gov/bcp/conline/pubs/credit/freereports.shtm
- if your even late once in counts towards bad credit, catch up and keep it caught up good luck
- being late on any payment will effect your score, thats why there is a due date...if you dont get a late fee tho you might be ok, most have a grace period. you should always pay on time/early and pay slightly more that what is being asked to paid.
- They update your credit score once a month. If you are late on all thoughs it will effect your credit
- You are well on your way to bad credit. You should be worried, it doesn't take much. Always pay at least the minimum on your loan and credit card. I had a credit rating almost equivalent to a person that had gone bankrupt, and it was all because of a stupid mistake that I didn't even make. It looked as if I didn't pay my bill for 5 months and that was all it took.
- Yes, late payments do show up on your credit report and it causes your score to be lowered. It's not as bad as not making the payment at all .. but paying late WILL ding your credit. Also, if you go to a car dealership (or any other business) and they run your credit .. that too can lower your score.
* Some answers may have been provided by Yahoo! Answers.