Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
Hopefulhere

0 Contributions
0 People Helped
Excellent credit. Change anticipated.
My mortgage is in "trial phase.' But payments will be lower until end of trial period and apparently have to be reported as late. Restructuring.
Excellent hx credit mgmt. Should I contact credit card company and be proactive. Don't want cards cancelled unnecessarily since Lates" are a technicality. I'm making the payments they have suggested.H

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1884 Contributions
3682 People Helped

not necessarily.

The Late Pays shouldn't have much effect on your established credit, But i would get those cards paid off and use sparingly while your go through the restructuring.  It benifits you to show that you can manage the credit you have.  

The late pays will affect your scores for a while.  You probably won't be able to open new lines of credit for a while. So don't try until your score bounces back. being denied will only hurt your score more. 

Good luck 

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.