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What is the worst thing that can appear on my credit report?
Author: Sophia Caylar
Website: http://www.SOSCreditRepair.com/
Added: Mon, Jul 28, 2008 11:11:28
Category: Credit Repair Questions
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The worst thing that may ever appear on a person's credit report is bankruptcy. Creditors shy away from lending to people who have undergone bankruptcy. If a credit line is ever granted, a bankruptcy can jack up interest rates sky high.
In order of the hierarchy of the worst things to appear on a credit report, bankruptcy is followed by foreclosure, repossession, loan defaults and collections.
keywords: Credit Repair | Bad Credit | Debt Consolidation | Credit Report About the Author:
Sophia Caylar answers frequently asked credit repair questions at PrettyGreatAnswers.com.
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