Avoid Bankruptcies, Judgements and Tax Liens

April 30th, 2009

The one area where you do not want to see completed on your credit report is the public records section. This reflects a major problem that you have had in the past with previous creditors. Bankruptcies, judgements, and tax liens are in this section and all are major red flags for potential creditors. Therefore, you will want to avoid making these types of decisions which will hurt your ability to obtain the lowest interest rate possible. Either one of these will send your credit file and score down at a fast pace. And, recovery from such items may take longer than others.

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Entry Filed under: Business

1 Comment Add your own

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