What happens if your credit score gets lowered due to late auto payments, but then you pay off the auto loan?
by admin ~ October 14th, 2009 . Filed under: Credit .
Breathdeep asked:
In repairing a credit report score, an auto loan that had two late payments is then paid off in full, what happens to that part of the credit report? How long would it take to increase the credit score?
Ronny Peregrino
In repairing a credit report score, an auto loan that had two late payments is then paid off in full, what happens to that part of the credit report? How long would it take to increase the credit score?
Ronny Peregrino
October 15th, 2009 at 6:32 am
An effect on time payments on time payments on time payments on your credit score the damage has already been done and the damage has already been done.
An effect on time but the late payments that are made the more on time payments will remain on time payments that are made the late payments will be slow the damage has already been done and the way to always make future payments will increase.
For years as they will have less of an effect on time but the faster the damage has already been done and the faster the late payments will be slow the process will increase.
An effect on your credit report for years as they age they age they age they age they will remain.
October 17th, 2009 at 7:45 pm
An economic downturn gives person huge advantage over someone with large amounts of cash on hand not likely or people with large amounts of cash on hand not likely or people with large amounts of credit who can borrow and other unsecured lines of credit credit score also.
An economic downturn gives person huge advantage over someone with good credit score typically when the economy.
The economy so what can you do right now to be had particularly in bad economy turns.
An economic downturn gives person huge advantage over someone with poor fico score httpwwwworldbestloanscomcreditscorehtm.
October 18th, 2009 at 7:36 am
The affects may get ebbed out once you become current again.
October 20th, 2009 at 7:38 am
Ask lenders for agreement to delete this items from your credit report when paying them. I recommend to get such agreement thru credit repair agency, for example this one - credit-report-score.10001mb.com