Posted on August 1, 2010, 2:20 am, by admin, under
Finance.
Jesse B. Smith asked: This is a frequently asked question. With tough times upon us, more and more people are finding it difficult to get their bills paid on time. This, in turn, means that these same people are reported to the credit reporting agencies as late and the late payment is reported to lenders [...]
Tags:
Consequences,
Consumers,
Credit Report,
Credit Reporting Agencies,
Credit Reports,
Creditor,
Due Date,
Equifax,
Late Payments,
Overdue Payments,
Punctuality,
Stiff Penalties,
Thirty Days,
Tough Times,
Twelve Months Comments Off |
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Tim asked: I want to know what are the consequences if I stop making payments on a car…I understand that they will report it to three credit bureaus. What else can they do? Is it illegal to stop making car payments?Leo