How much does car repossession hurt a credit rating?

Answer When you miss too many payments on your car or you feel you cannot make them, you are at risk of losing your car to repossession. This is never a good result and always negatively affects your cred... Read More »

Top Q&A For: How much does car repossession hurt a credit ra...

Does it hurt a credit rating to cancel a paid off credit card?

Closing a paid off credit card can lower your credit score because that card will no longer report that you are on time with your payments each month. In addition, it will increase the percentage o... Read More »

Does Having Too Much Credit Hurt a Credit Score?

If you are closely monitoring your credit, one item to watch is the amount of available credit you have, as well as the number of open credit accounts. A copy of your credit report can tell you wh... Read More »

How much damage does a missed mortgage payment effect a credit rating?

A single missed mortgage payment will show up on your credit score, but the real damage is done if missed payments lead to foreclosure--which is to be avoided at all costs.Missed Mortgage PaymentA ... Read More »

How much does a short sale hurt your credit?

A short sale occurs when the seller of a house cannot sell the house for what he owes the mortgage lender. If the seller meets certain criteria as set by the bank, the lender may elect to accept a ... Read More »