Categories: Trending

14 Scary Credit Score Stories That Can Happen to Anyone

When You Only Miss One Payment

Similar to Garvey, financial expert for SproutCents, Lisa Fox, found out that her credit score had dropped to 500 after one missed payment. Is this possible? Apparently so. “Because my student loan provider listed each loan as 19 individual ones, it reported on my credit as 19 missed payments,” Fox said. Her credit report remained affected for years but the experience taught her the importance of consolidated loans and their on-time payment.

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A.S.

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