Pay 1 year late on cell phone bill , how much affect credit score?
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last year my friend called AT&T to close his account number bcoz he going to work abrord. and he gave money to me for pay last his cell phone bill. i forgot to pay his last AT&T bill that was due 20/2/10 ($300) and I just paid on 23/2/11( total $511). how much effect his credit ?
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Answer:
Dude.. it's 2012..
passo at Yahoo! Answers Visit the source
Other answers
Just because they-phone company- check your credit score before giving you a contract doesn't mean it helps or hurts your credit score since they don't report to the credit bureaus. If they forget your debt, which I doubt, then your fine, but if they didn't forget about the money (99.999% of the time they wont) then you're in trouble because they gonna pass it to a collection agency which is gonna list the debt in your report.
papelet
Yes, his score will now suck. Since it wasn't paid for a year, most likely, the bill was sold to a collection agency. I highly doubt AT&T held onto this account past 6mos. He would have a collection account on his record, and even though it now says paid, it will be affecting his credit for at least another 7 years. The first 2 years are the worst, but, it will remain there for some time.
Use Your Noodle
You are not a very good friend.
RaymondFelton
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