reputation narrative Affected By Un-Paid Utility Bills

reputation narrative Affected By Un-Paid Utility Bills
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reputation narrative Affected By Un-Paid Utility Bills

Your credit score report can be work on by more than your ready credit history. We talk about how credit cards, mortgages, car loans, and any type of loan that reports to all 3 credit bureaus will work on your credit score. We don't always talk about utility associates and how they can have a negative impact on your credit report. Here are utility associates I like to think non-creditors. In other words these associates don't give you a line credit, they just furnish a service.

reputation narrative Affected By Un-Paid Utility Bills

reputation narrative Affected By Un-Paid Utility Bills

Utility companies

reputation narrative Affected By Un-Paid Utility Bills


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- Phone companies

reputation narrative Affected By Un-Paid Utility Bills

reputation narrative Affected By Un-Paid Utility Bills

- galvanic companies

- security companies

- Cell phone companies

- Water companies

- Gas companies

- Cable companies

- Internet Companies

Let's assume you are having a tough time currently, and you stop paying your cable bill. The cable company will give you a slight time to pay off the debt for aid rendered, but will ultimately turn that debt over to a range company. The range company in return will report that enforcement to the 3 credit bureaus wanting their money. This is how it works with any of the associates mention. Once this range reports to the credit bureaus your credit rating just dropped about 100 points. Utility associates on the other hand don't help your credit when you are in good standing, but will also hurt your credit score if you don't pay. Once the range hits your credit report, and you ultimately determine to pay off the collection, the range will be on your credit report for 7 years. 7 years of negative information will be on your credit report. If you don't pay the collection, the range company can sell the range repeatedly to dissimilar range associates which will ultimately drive down your credit score even more.

Pay your bills on-time

If you get behind, call your creditors immediately and work out a payment arrangement with them. They will typically work with you, especially while tough economic times. A creditor or utility company would rather get some form of payment versus nothing. If you don't pay your bills along with utility bills it will work on your credit score report. With lending getting highly tough currently, your credit scores are more foremost than ever. If you have credit issues, the banks may look at your credit history as too big of a risk for there portfolio.

Don't assume if you don't pay utility it will not work on your credit. Because it will work on your credit, and will not go away until you pay it off. If you are unsure what is on your credit report, get a copy of your free credit score report today.

reputation narrative Affected By Un-Paid Utility Bills

reputation narrative Affected By Un-Paid Utility Bills


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reputation narrative Affected By Un-Paid Utility Bills

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