Quote:
Originally Posted by MoneyGuy
Actually, if Impark sends this to a collection agency, it will appear on your credit record. It will show up as an unpaid debt, which could bring your score down as much as 100 points, in which case you won't get a loan from any bank until it's paid.
Moneyguy
Certified Financial Planner
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I don't mean to derail the thread but since the theme seems to be housejunks concern about his credit rating being effected maybe it isn't too off topci.
I have a horrible credit rating, or at least had may have improved now, and still was able to get 10,000 LOC from a bank and a mortgage for my house.
I hear people all the time,and especially from collection agencies when calling me, talk about how you will never be able to buy a house, get a loan, blah blah blah.
Was I just a freak case or is a poor credit rating just a boogeyman sent out there by people that want to scare you into paying off debts/paying them/using their services etc.
I did plenty of bad things to drop my credit rating. Didn't pay credit cards bills for over 6 months, didn't pay other bills, didn't pay collection agencies when they called for over a year at least, got involved in those buy 7 CD's for a penny and then stopped after getting the 7 CD's at first, didn't pay any impark tickets etc.