What are the most common factors that can negatively impact credit scores?

Here are some common factors that may negatively impact credit scores:

  • Late or missed payments
  • Collection accounts
  • Account balances are too high
  • The balance you have on revolving accounts, such as credit cards, is too close to the credit limit
  • Your credit history is too short
  • You have too many accounts with balances

Still have questions?

CONTACT US