Does not paying Cell Phone Bill effect your credit at all?

T

Tomahawk

0
Hey, I have cingular and I havn't payed my cell phone bill in 2 months. i'm sure they are going to shut my phone off soon. I just can't stand to pay 50 bucks a month when I barely use it. I want to just get a go phone so i'm not paying as much. As of now I owe around 100 dollars. But it also cost 150 to cancel since I have about 14 months left on my commitment. Can I just say screw it and not pay at all and be fine? Or will it affect my credits score, because as of now I have good credit.


Thank you
 
They will place a black mark on your credit with the reporting companies and eventually they will get around to suing you. You might as well pay up now or at least make payment arrangements to get out of the agreement perhaps giving them $20 a month until you are bought out. I can pretty much guarantee that sooner or later you will pay them and it will be a lot more than it is now.
 
If your concerned about your credit score, I recommend paying the bill, keeping it current, and sticking out your contract commitment.

Credit scores are based mostly on current credit performance and length of credit history. There are other factors but those are the main 2. If you don't take care of this obligation, you will have the following on your report :

1. A delinquent payment account thats more than 150 days past due eventually

2. An account that has went to collections

3. Possibly a charge off, and a judgement if they sue you.

All of these things are devastating to your credit report especially if you have little or no credit history already. You say you have good credit, but if you only carry one or two open credit accounts, that one incident can keep you from getting anything in the future, especially major purchases such as a car.

Just for clarification, every company that requires a payment for some kind of a service whether it be monthly, weekly, or annual will report negative account activity to the credit bureaus. Usually only installment loans and credit cards report good account activity though.
 
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Yes I know Sprint(my employer) will start tagging peoples credit after about a year of non payment. That goe's for everything from contract violation, late fees, etc. We've gone as far as mark down credit for a $6.50 fee that was never paid, take care of it now while you have the chance!
 
TOMAHAWK said:
...I just can't stand to pay 50 bucks a month when I barely use it.
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I'm sorry, did I miss something? I don't mean to be a b**ch but since when is not liking to pay an excuse not to? That's like saying I'm not paying my car payment because I barely drive my car???
 
Moonbeam3 said:
I'm sorry, did I miss something? I don't mean to be a b**ch but since when is not liking to pay an excuse not to? That's like saying I'm not paying my car payment because I barely drive my car???
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Good point Moonbeam. I'm still wondering what this post has to do with fitness :rolleyes: :confused:
 
Tomahawk said:
Can I just say screw it and not pay at all and be fine? Or will it affect my credits score, because as of now I have good credit.
Click to expand...

Go ahead and destroy your credit history if you want, but failure to pay a bill is going to get you a black mark.
 
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