What Factors Can Negatively Affect Credit Scores? | Equifax® (2024)

  1. Home
  2. Frequently Asked Questions
  3. What are the Most Common Factors that can Negatively Impact Credit Scores?

Hello, how can we help?

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

Related Article - Credit Scores & Reports

What Factors Can Negatively Affect Credit Scores? | Equifax® (2024)
Top Articles
Latest Posts
Article information

Author: Frankie Dare

Last Updated:

Views: 6392

Rating: 4.2 / 5 (53 voted)

Reviews: 92% of readers found this page helpful

Author information

Name: Frankie Dare

Birthday: 2000-01-27

Address: Suite 313 45115 Caridad Freeway, Port Barabaraville, MS 66713

Phone: +3769542039359

Job: Sales Manager

Hobby: Baton twirling, Stand-up comedy, Leather crafting, Rugby, tabletop games, Jigsaw puzzles, Air sports

Introduction: My name is Frankie Dare, I am a funny, beautiful, proud, fair, pleasant, cheerful, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.