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You may get a county court judgment ( CCJ ) or high court judgment if someone takes court action against you (saying you owe them money) and you do not respond. If you get a judgment, this means that the court has formally decided that you owe the money. #PFsource #creditrepairspecialist #creditrepairservices #creditrepaircompany #creditreport #creditscore #creditscoreincrease #financialliteracy #financialfreedom #creditcard #creditcarddebt #autoloan #carloan #carfinance #banckruptcy #mortgage #debtfree #equifax #transunion #experian

Any item that may be considered negative by creditors is often referred to as a black mark or derogatory information. These items indicate some sort of negative financial behavior, such as failing to pay debts on time, and they remain on your credit reports for an extended time, typically anywhere between seven to 10 years. #PFsource #creditrepairspecialist #creditrepairservices #creditrepaircompany #creditreport #creditscore #creditscoreincrease #financialliteracy #financialfreedom #creditcard #creditcarddebt #autoloan #carloan #carfinance #banckruptcy #mortgage #debtfree #equifax #transunion #experian

A low score can make it harder to borrow, whether it's a car loan, mortgage, or credit card account. And if you do qualify, you'll likely have to pay higher interest rates to make up for your great level of default risk. #PFsource #creditrepairspecialist #creditrepairservices #creditrepaircompany #creditreport #creditscore #creditscoreincrease #financialliteracy #financialfreedom #creditcard #creditcarddebt #autoloan #carloan #carfinance #banckruptcy #mortgage #debtfree #equifax #transunion #experian

According to FICO, a single missed payment could drop your credit score by 50 points or more at the 30-day mark. If the late payment reaches 90 days, the score could drop by nearly 200 points. #PFsource #creditrepairspecialist #creditrepairservices #creditrepaircompany #creditreport #creditscore #creditscoreincrease #financialliteracy #financialfreedom #creditcard #creditcarddebt #autoloan #carloan #carfinance #banckruptcy #mortgage #debtfree #equifax #transunion #experian