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What Causes Bad Credit?

There are many factors that cause bad credit. Some people may not realize the impact the certain decisions will have on their credit until it is too late. It is HIGHLY RECOMMENDED that you thoroughly read this section and place great importance on increasing your credit score/fico score because it will save you more money than any job promotion or side job that you could work at. For More information on how much bad credit can cost you, click here.

For starters the reasons your credit score will go down are: Inquiries, Late Payments, Charge Offs, Repossessions, Foreclosure, Judgments, and Bankruptcy.

Click on the Topics Below to Read about the Reasons:

Untitled Document

What Causes Bad Credit:

Inquiries

Late Payments

Charge Offs

Repossession

Foreclosure

Judgements

Bankruptcy

 

 


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