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.
How Your Credit Handles Rejection. When you apply for a loan or credit card, whether youâre approved has no bearing on your credit standing. Thatâs not to say applying doesnât affect your credit â it does â but you donât need to be worried that getting rejected will have an adverse effect on your credit score.A potential lender will pull a copy of your credit report to assess your risk level and whether to lend you money.hatâs not to say applying doesnât affect your credit â it does â but you donât need to be worried that getting rejected will have an adverse effect on your credit score. A potential lender will pull a copy of your credit report to assess your risk level and whether to lend you money.