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What is the worst thing that can appear on my credit report?

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What is the worst thing that can appear on my credit report?

Answered By Sophia Caylar, Editor


The worst thing that may ever appear in a person's credit report is bankruptcy. Creditors shy away immediately from lending to people who have undergone bankruptcy.

If credit line is ever granted, a bankruptcy can jack up interest rates sky high. Bankruptcy is followed by foreclosure, repossession, loan defaults and collections in the hierarchy of the worst things to appear in a credit report.

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