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 student loan debt affects your credit. Diversity of credit. Having a student loan in your credit line-up is a great way to show that you can manage multiple types of credit. Student loans are installment loans, while credit cards are revolving credit.0 Comments | | |. Student loans are in the spotlight now more than ever. A new report shows that the outstanding student loan debt balance for U.S. consumers is approximately $870 billion, surpassing the nationâs total credit card debt ($693 billion) and auto loan debt ($730 billion).