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What happens if I don't pay my bills or loans on time?

2nd August, 2019

If your bill or loan repayment is late by 14 days or more, the information can be listed on your credit report and is likely to have a negative impact on your credit score. Partial payments are considered missed payments for credit reporting purposes. Credit reporting agencies record the date your credit payments were due, whether or not you made the payments in full by the due date, and the dates you made any missed payment. This information is recorded for any credit products held in the last 2 years.

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