When you take up credit you are also taking on the obligation to repay.It is also important to repay on time. Every time!Being late with your repayments can make creditors nervous. It is a bad sign and they know by experience that you may not be able to follow through on your promise to be a well behaved lender. The longer it takes or the longer you get behind, the bigger the chance you will default on your loan.Being thirty days late is already stretching it. After 90 days you can get in real trouble.Remember these details will also show up in your credit report.
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