Skipping Payments Immediately Hurts Your Credit Score
It's no secret the credit score system is another mess right now. No one really knows what a “good enough” credit
score is because everyone is at risk for income loss, either due to job loss or poor investment performance.
Preferred lending terms are only granted to people creditors feel are a solid investment.Even if you recover your number score from a skipped payment fall out, the missed payment notation stays on the full credit report for years. This one factor is enough to make a creditor ignore your overall credit score and
categorize you for the at-risk interest rates. You will lose money in future credit transactions just from
attempting a mortgage term renegotiation plan.
