Imagine the anxiety of watching your credit score unexpectedly plummet after spending your entire adult life maintaining good credit.
Now suppose this credit decline blocks you from getting a mortgage on the house you planned to buy. That’s precisely what happens to mortgage applicants all across the country with surprising frequency.
All too often the culprit is unpaid phone bills. In some case's cellphone providers send accounts to a collection agency after being just more than a month late. That can cause credit score to drop like a lead pickle, approximately 80 points (out of a theoretical 900) virtually overnight.
It never should happen that way or should it? Collections are meant for people who can’t or don’t want to pay their debts right?
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