Save. The TracFone is a prepaid phone that allows users to decide what kind of plan they want. Those who use TracFones can buy phone cards and add minutes for calls based on their needs. If you receive an SMS on your TracFone and want to reread it, you can retrieve it by just clicking a couple of times on your phone.
How a default affects your credit score. Once a late payment goes past 120 days it is considered to be in default. A default not only causes a further drop in your credit score, but it also signals the creditor that itâs time to send your account to a collections agency.
How Foreclosures Can Affect Your Credit. A foreclosure is one of the most credit-damaging events that can ever appear in your credit history. What's even worse is that foreclosures stay on your credit report for at least seven years.No, a foreclosure won't ruin your credit rating forever. But having a foreclosure on your credit report will lower your credit score until you're able to re-establish good credit â and that takes time.Unfortunately, a low credit score virtually guarantees that you will pay higher interest rates on home and auto loans, credit cards or other forms of credit.ut having a foreclosure on your credit report will lower your credit score until you're able to re-establish good credit â and that takes time. Unfortunately, a low credit score virtually guarantees that you will pay higher interest rates on home and auto loans, credit cards or other forms of credit.