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 Long can a Judgment Impact Your Credit Score? I had a judgment against me for a defaulted bank loan for $5,000 six years ago. There was nothing I could do to clear the debt because I was not in any position to make payments, and was looking forward to it disappearing from my credit report eventually.