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.
While wage garnishment, seizure of bank funds, and jail are things that only affect a very tiny sliver of those who default on credit card debt, there is one consequence you are 100% guaranteed to experienceâ¦ the impact of the credit card debt default on your credit score.