Collection Agency
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Late Payments and Revolving Balances
- March 8, 2018
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
No CommentsLate payments and revolving balances are the two things that can do the most damage to a credit score. Having a late payment show up on your credit report probably makes sense but can revolving balances really have as much of a negative impact as a late payment? Absolutely. Let’s look at late payments first.
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Length of Time Negative Information Stays on a Credit Report
- October 13, 2016
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
How long does negative information really stay on a credit report and how long will it affect scores? This can vary based on what the negative information is, but in most cases it’s going to be seven years. As it ages there will be less and less of an impact on a credit score, but