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.
1 High credit card balances. 2  Whether you have three credit cards or 23, high credit card balances hurt your credit score. 3  The higher your balances, the higher your risk of defaulting is in the eyes of lenders and credit bureaus, so this can hurt your credit score quite a bit. Your credit score will suffer if you're late making a payment. 2  It won't matter how many credit cards you have or how long you've had them. 3  Making payments on time accounts for 35 percent of your credit score (the biggest part).