8h • General discussion
What’s Considered Negative on a Credit Report?
Late Payments
- Payments made 30, 60, 90+ days late
- One of the biggest score impacts
- More recent = more damage
Collections
- Debts sent to collection agencies
- Very damaging, especially unpaid
- Paying doesn’t always remove them
Charge-Offs
- Accounts the lender stopped trying to collect on
- Still owed and still harmful
- Often followed by collections
High Credit Card Balances
- Using too much of your available credit
- Over 30% utilization can lower scores
- Even if you pay on time
Hard Inquiries
- Applying for new credit
- Too many in a short time can hurt
Public Records
- Bankruptcies
- Judgments (where still reported)
- Tax liens (rare now but possible)
Closed or Inactive Accounts
- Closing old accounts can lower credit age
- Can impact score if done incorrectly
Incorrect or Outdated Information
- Wrong balances
- Accounts that aren’t yours
- Items reporting past legal time limits
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What’s Considered Negative on a Credit Report?
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