Service termination
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If you get far enough behind in payments, you’ll ultimately get your services cut, or your line of credit will be suspended. It’s less painful to have your cable turned off than, say, a necessity such as electricity or gas – but either way, it’s best to keep all accounts current, especially the necessities. To reinstate utilities, for example, may cost you a service fee. And your creditors usually want you to pay the outstanding balance before reinstating your services or credit. Keeping up on your monthly payments saves you from digging deeper into debt.
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