What Are Potentially Negative Items on Credit Reports?

You know that late payments, bankruptcies and foreclosures have a negative impact on your credit report, but these other items may also damage your credit:

1) Collections for Unpaid Rent, Medical Bills and Library Fines

Fall behind on any of these items and the details could show up on your credit report. If you don’t pay these bills, they could be sent to a collections agency, negatively impacting your credit rating further.1 Collections may stay on your credit report for up to seven years.2

2) Unpaid Taxes

Not paying taxes may result in a publicly recorded tax lien on your property, plus a notation on your credit file that negatively impacts your score and your ability to get credit.1 Even worse, unpaid taxes may remain on your credit report indefinitely.2

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3) Unpaid Traffic Tickets

Unpaid traffic tickets may seem like a minor headache, but once they’re reported to credit agencies they can negatively impact your credit report.

4) Civil Judgments

Civil lawsuits resulting in judgments against you may have an undesirable effect on your credit as well. Though the information isn’t reported directly to the credit bureau, civil judgments are matters of public record. So credit reporting agencies may review this information and choose to include it in your report.3

5) Child Support Arrears

Current or previous child support delinquencies will show up on your credit report. This may be viewed negatively by lenders and others like prospective landlords or employers.4

Resources:

1. http://www.wisebread.com/10-surprising-ways-to-negatively-affect-your-credit-score

2. http://www.myfico.com/crediteducation/questions/Negative-Items-On-Credit-Report-Chapter-7-13.aspx

3. http://www.creditkarma.com/article/civil-judgments-on-credit-report

4. http://www.creditcards.com/credit-card-news/surprise-weird-items-impact-credit-report-1282.php

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