Reply To: Credit Card success

Reply To: Credit Card success

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Hi Deb, with your credit card – id love to know if your credit score has been affected? Have you received anymore letters from bank? Please keep us updated in this.

I know of quite a few people who have had their credit ruined, doing a similar process. The bank just stopped sending letters & put everything in a ‘hold’ position.. But that meant that the people still couldnt ever apply for credit of any sort, as theres a debt still outstanding on their credit file.

So theyre not paying anything back but they can never get more credit again (cards, house etc). So its not really a way out, if you need to get a house loan.

Im curious if the same thing happens to you?