Negative Credit: The Six Worst Things for your Credit Report

It's easy to make mistakes when it comes to your credit. Some mistakes are so detrimental; you'd never want to appear on your credit report. Since future creditors and lenders use your credit report to make decisions about you, there are some things you'd never want to show up on your report.

1. Charge-offs

Missing your payments for 6 months or more could cause your creditors to deem your account as uncollectible. When this happens, the creditor writes off the account and updates your credit report as "charged-off" or "written off and uncollectible." Charged-off accounts remain on your credit report for seven years.

Read full article



Resources for Credit Report Agencies

Resources for Prepaid Credit Cards



----------------
Now playing: Loveholic - Flower Vase
via FoxyTunes