We can all agree that good credit gone bad doesn’t hold the same appeal as Fonzie, Danny Zuko or Fiona Volpe. Not paying your bills on time can lead to lasting negative effects if it continues unchecked. Your credit report is something that will follow you throughout adulthood. It is an on going process and doesn’t immediately hurtle into a downward spiral if you make a late payment once every six months. Bad credit takes effort –or lack thereof- and occurs from constant inquiries from those other than you, consistent late payments and collection agency reports. If, for whatever reason, you fall into this category or lack motivation to fix the issue, consider the effects of bad credit.
