About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

Contact Cabling Installation & Maintenance

Editorial

Patrick McLaughlin

Serena Aburahma

Advertising and Sponsorship Sales

Peter Fretty - Vice President, Market Leader

Tim Carli - Business Development Manager

Brayden Hudspeth - Sales Development Representative

Subscriptions and Memberships

Subscribe to our newsletters and manage your subscriptions

Feedback/Problems

Send a message to our general in-box

 

What is the Impact of Late or Missed Payments?

The best advice for making monthly payments on a loan or credit card is not to be late. Of course, life sometimes gets in the way. No one knew there’d be a global pandemic when they used that loan payment calculator to make sure the monthly payments were affordable. 2020 was a good example of “anything can happen.”

The worst of that is over, but economic circumstances continue to be challenging. For many people, late payments are a reality they need to face. It’s important to understand how being late impacts a person’s credit score and personal credit history. They might also want to review their options to ensure they don’t happen again.

The impact of missed payments on credit scores

FICO scores are calculated using several variables that measure how much of a risk a person is to lenders. One of those is called “payment history.” It’s worth 35% of the overall credit score. When a person misses a payment or makes a payment late, that portion of their score goes down and stays down for several months until they can show multiple on-time payments in a row.

In most cases, lenders report to the credit bureaus every thirty days, so a payment that is late by a few days may not affect a person’s credit score at all. Any payment over thirty days late is considered “missed” and could drop a credit score anywhere from 90 to 110 points, depending on the payment amount. The type of account doesn’t matter.

Missed payments stay on a credit report for up to seven years. They’re not something to be taken lightly. A borrower’s credit score will increase gradually during that time, but it’s unlikely they’ll reach the level they were before the missed payment until several years have passed. Missing multiple payments could also lead to defaults and legal actions.

Being proactive to prevent missed payments

Missed payments aren’t always due to bad financial circumstances. Some consumers fail to make payments on time when they simply “forget” that they’re due. This is common with short-term payment plans from finance companies and retail credit cards that are used infrequently. It can be eliminated by automating monthly payments.

If payments are likely missed because funding is unavailable, contact the lender or credit card company and ask for refinancing or a deferment. A debt consolidation loan is also an option in extreme circumstances where the financial situation is unlikely to change. Most lenders will be willing to work with borrowers if they’re proactive before they miss a payment.

The Bottom Line

There’s no magic bullet to get out of making monthly payments on time. It’s important to automate them so one is not missed by mistake. A borrower should be proactive and contact the lender if they know they won’t have the money to cover a payment. If financial issues are long-term, they can apply for a debt consolidation loan to ease the burden on their monthly budget. Failing to do any of this will cause missed payments to affect their credit score negatively.

Sponsored Content

About OneMain Financial

View Website

OneMain Financial is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans.

Contact Information:

Name: Michael Bertini
Email: michael.bertini@iquanti.com
Job Title: Consultant

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.