Delinquent loans
Hey people, question for someone who has experienced this... Beginning of the year I took a personal loan from affirm for about 1,500 dlls, life happened and I wasn't able to repay remaining 500, one payment got behind for 6 months till I payed it and got an email that my delinquency passed to a "severe delinquency" my question is if it really affects my score and also if it will impact negatively for future loans TC 105k YOE 1yr
Yes, it will impact your loans until that credit delinquency expires in 7 years.
Why were you begging though ? Jokes aside yes this will effect If this were India they would come to your door to collect the loan (goons) Not sure if that still happens but I know it used to in the past
For sure. Get your ass on DoorDash if you have to.
Me and the boys are coming over right now to take what’s ours
They just report your repayment status to cridit bureaus: how much on time, delay, delinquency etc
Will definitely have a negative impact. Is the loan still with affirm or has it been sold to a collection agency? You can probably negotiate a pay for delete. (You pay them in full if they delete it off of your credit report). GET THIS IN WRITING. It they agree, Do not give them a wet signature or access to your checking account. Only pay with a money order, wire, prepaid / one-time use card etc.
Maybe I didn't explain myself, I payed already didn't make any contact, just payed from the app and that's it