How does owing money to Coinbase affect your credit score?

3 answers

• Cooper SchultzJan 25, 2021 · 5 years ago
  Owing money to Coinbase can potentially affect your credit score, although it depends on various factors. If you fail to repay your debt to Coinbase, they may report it to credit bureaus, which can result in a negative impact on your credit score. It's important to make timely payments to avoid any adverse effects on your creditworthiness.
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• Emmanuel DauduFeb 01, 2023 · 2 years ago
  Having a debt with Coinbase can be similar to owing money to any other creditor. If you fail to make payments or default on your debt, Coinbase may take legal action to recover the funds. Additionally, Coinbase may report the debt to credit bureaus, which can negatively affect your credit score. It's crucial to manage your debts responsibly to maintain a good credit standing.
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• Tim PickrellNov 16, 2024 · 8 months ago
  As an expert in the cryptocurrency industry, I can confirm that owing money to Coinbase can indeed impact your credit score. If you fail to repay your debt, Coinbase has the right to report it to credit bureaus, which can result in a lower credit score. It's always advisable to pay off your debts on time to avoid any negative consequences on your creditworthiness.
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