Save. The TracFone is a prepaid phone that allows users to decide what kind of plan they want. Those who use TracFones can buy phone cards and add minutes for calls based on their needs. If you receive an SMS on your TracFone and want to reread it, you can retrieve it by just clicking a couple of times on your phone.
How a default affects your credit score. Once a late payment goes past 120 days it is considered to be in default. A default not only causes a further drop in your credit score, but it also signals the creditor that itâs time to send your account to a collections agency.
Hereâs a summary of how late payments impact your credit scores: 1  30 days late: This record will damage your credit scores most when it is recent. 2  60 days late: Similarly, recent 60-day late payments cause the most damage. 3  90 days late: This record will damage your credit scores significantly for up to seven years. It doesnât make a difference whether or not your account is currently 90 days late. Remember, the goal of the scoring model is to predict whether or not you will pay 90 days late or later on any credit obligation.