Timeline for What are the advantages of using credit card to pay most of expenses?
Current License: CC BY-SA 3.0
5 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Nov 27, 2013 at 12:27 | comment | added | mhoran_psprep | It depends on how quickly the company reports the late payment. It also depends on what the lender is looking for. Some mortgage companies will ask for a written explanation for every late payment. | |
| Nov 27, 2013 at 12:25 | comment | added | Pacerier | Hmm, so we get a tainted score just by delaying the payment for 1 month? Or does the negative effects only kick in if we defer payment for a couple of months? | |
| Nov 27, 2013 at 12:23 | comment | added | mhoran_psprep | The credit rating score is used as part of the decision to extend credit to a consumer, or to set the interest rate they will be charged. Low score implies larger risk of not paying back to loan. Other uses include setting of insurance rates, and as part of a credit check by a landlord. | |
| Nov 27, 2013 at 11:46 | comment | added | Pacerier | But what exactly is the use of credit rating? | |
| Aug 10, 2012 at 10:32 | history | answered | mhoran_psprep | CC BY-SA 3.0 |