Bad credit on purpose?

[drumer_046]

Let's say that I have a credit score of 700. I'm currently paying a game system for 700$ on time, as well as a $13,000 car.

If I don't pay another 700$ credit bill, how bad will my credit be? Will the car and system be enough to recover it?

 

[SmokeHut]

Erm not really sure how much it will affect it, But it will go down as a late payment on your credit record.

I strongly suggest you pay your bills my friend, If and when you go for a mortgage in the future.. This could cause problems.

 

[Rahman]

IMO, pay off debt as soon as you can. No point waiting for it to build interest

 

[kill dank]

I would never put anything on a credit card that I couldn't pay off that month. Simple as that. But then again, I'd be a plastic surgeon and could just buy myself a new car with every paycheck.

 

[just un dude]

Honestly, you should never take a loan just to buy something cool..

Only way I would ever need a loan is to buy a house, not for a car or whatever.
It's really not the smart way to go, but I guess it's normal in America eh?