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In article ,
says...
A few months ago my inexperienced son bought a car at a used car lot.
The car was trouble from the start. Last week the head gasket blew,
making the car a total loss.

The used car lot had financed the sale themselves.

Will non payment of the $900 balance owed screw up his credit rating?

If the creditor reports the debt to credit bureaus or turns it over to a
collection agency that reports to credit bureaus, then yes, it will
screw up his credit rating.

Failing to pay a loan is *very* bad for your credit rating. Not as bad
as a bankruptcy, but a lot worse than simply paying late.

--
is Joshua Putnam
http://www.phred.org/~josh/
Braze your own bicycle frames. See
http://www.phred.org/~josh/build/build.html