The
following factors have a negative effect on your report and
may cause a lender to deny you!
Accounts sent to collection agencies
Late payments
Charge-off accounts
60, 90, 120 days late on payments
Bankruptcy
Excessive inquiries
Tax liens
Judgments
Account closed at grantor’s request
Disputing
negative information on your credit report enables you to
possibly remove all of it except the bankruptcy. Tax liens
for example, can be paid off then explained which would
show up on your credit report. Bankruptcies will stay on
your report for ten years, but the further along you go the
less important they will become if you are paying your
bills on time and your financial situation has changed for
the better.